Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt

Components of debt obligations

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

	September 30,		December 31,
	2020		2019
US Dollar notes under the 2012 Note Purchase Agreement	$	205.0	$	205.0
CHF notes (in dollars) under the 2019 Note Purchase Agreement		322.1		306.8
US Dollar notes under the 2019 Term Loan		300.0		300.0
Unamortized debt issuance costs		(2.5)		(2.6)
Capital lease obligations and other loans		5.3		4.1
Total debt		829.9		813.3
Current portion of long-term debt		(1.7)		(0.5)
Total long-term debt, less current portion	$	828.2	$	812.8

Summary of maximum commitments and net amounts available under the 2015 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 its credit agreement and other bank working capital lines and guarantees of credit with various financial institutions located primarily in Germany and Switzerland that are unsecured and typically due upon demand at September 30, 2020 (dollars in millions):

	Weighted		Total Amount		Total Amount				Outstanding		Total Committed
	Average		Committed by		Uncommitted by		Outstanding		Letters of		and Uncommitted
	Interest Rate		Lenders		Lenders		Borrowings		Credit		Amounts Available
2019 Credit Agreement	1.3	%	$	600.0	$	—	$	—	$	0.2	$	599.8
Bank guarantees and working capital line	0.0	%		141.6		115.4		—		141.6		115.4
Total revolving lines of credit			$	741.6	$	115.4	$	—	$	141.8	$	715.2