Debt (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Components of Debt Obligations

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

	March 31, 2024			December 31, 2023
CHF notes (in U.S. Dollars) under the 2024 Term Loan Agreement due 2027	$	—		$	—
CHF notes (in U.S. Dollars) under the 2024 Term Loan Agreement due 2029		—			—
CHF notes (in U.S. Dollars) under the 2024 Term Loan Agreement due 2031		—			—
CHF notes (in U.S. Dollars) under the 2024 Note Purchase Agreement due 2034		—			—
CHF notes (in U.S. Dollars) under the 2024 Note Purchase Agreement due 2036		—			—
CHF notes (in U.S. Dollars) under the 2024 Note Purchase Agreement due 2039		—			—
EUR notes (in U.S. Dollars) under the 2021 Note Purchase Agreement due 2031		161.8			165.8
CHF notes (in U.S. Dollars) under the 2019 Note Purchase Agreement due 2029		329.3			353.3
CHF notes (in U.S. Dollars) under the 2021 Note Purchase Agreement due 2031		332.6			356.9
CHF revolving loan (in U.S. Dollars) under the 2024 Revolving Credit Agreement		255.0			—
U.S. Dollar notes under the 2019 Term Loan Agreement annual payments of $15.0       and balloon payment due 2026		274.5			278.3
U.S. Dollar notes under the 2012 Note Purchase Agreement due 2024		—			100.0
Unamortized debt issuance costs		(1.3	)		(1.3	)
Other loans		7.2			7.6
Total notes and loans outstanding		1,359.1			1,260.6
Finance lease obligations		19.4			20.9
Total debt		1,378.5			1,281.5
Current portion of long-term debt and finance lease obligations		(21.2	)		(121.2	)
Total long-term debt, less current portion	$	1,357.3		$	1,160.3

Summary of Maximum Commitments and Net Amounts Available Under the 2024 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 2024 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, at March 31, 2024 (in millions):

	Weighted Average Interest Rate	Total Amount Committed by Lenders		Outstanding Borrowings		Outstanding Letters of Credit		Total Amount Available
2024 Amended and Restated Credit      Agreement	0.89%	$	900.0	$	255.0	$	0.3	$	644.7
Bank guarantees and working capital line	varies		150.1		—		150.1		—
Total revolving lines of credit		$	1,050.1	$	255.0	$	150.4	$	644.7