Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Components of debt obligations

The Company’s debt obligations consist of the following (in millions):

	2023			2022
EUR notes (in U.S. Dollars) under the 2021 Note Purchase Agreement due 2031	$	165.8		$	160.6
CHF notes (in U.S. Dollars) under the 2021 Note Purchase Agreement due 2031		356.9			325.1
CHF notes (in U.S. Dollars) under the 2019 Note Purchase Agreement due 2029		353.3			321.9
U.S. Dollar notes under the 2019 Term Loan Agreement annual payments of      $15.0 and balloon payment due 2026		278.3			293.3
U.S. Dollar notes under the 2012 Note Purchase Agreement due 2024		100.0			100.0
Unamortized debt issuance costs		(1.3	)		(1.7	)
Other loans		7.6			5.9
Total notes and loans outstanding		1,260.6			1,205.1
Finance lease obligations		20.9			14.1
Total debt		1,281.5			1,219.2
Current portion of long-term debt and finance lease obligations		(121.2	)		(18.7	)
Total long-term debt, less current portion	$	1,160.3		$	1,200.5

Summary of maximum commitments and net amounts available under the 2019 Credit Agreement and other lines of credit

The following is a summary of the maximum commitments and the net amounts available to the Company under the 2019 Revolving Credit Agreement and other lines of credit with various financial institutions located primarily in Germany and Switzerland that are unsecured and typically due upon demand with interest payable monthly (dollars in millions):

	Weighted Average Interest Rate			Total Amount Committed by Lenders		Outstanding Borrowings		Outstanding Letters of Credit		Total Committed Amounts Available
2019 Credit Agreement (a)		0.15	%	$	600.0	$	—	$	0.4	$	599.6
Bank guarantees and working capital line	varies				153.6		—		153.6		—
Total revolving lines of credit				$	753.6	$	—	$	154.0	$	599.6

(a) On January 12, 2024, the Company borrowed CHF 230 million under the Company’s 2019 Revolving Credit Agreement.

Annual maturities of debt outstanding, less deferred financing cost amortization

Annual maturities of notes and loans outstanding are as follows (in millions):

2024	$	116.4
2025		16.9
2026		249.5
2027		1.6
2028		0.9
Thereafter		876.6
Total	$	1,261.9