Debt (Tables)

3 Months Ended

Mar. 31, 2021

Debt

Components of debt obligations

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

	March 31, 2021			December 31, 2020
US Dollar notes under the 2012 Note Purchase Agreement	$	205.0		$	205.0
CHF notes (in dollars) under the 2019 Note Purchase Agreement		314.8			335.5
US Dollar notes under the 2019 Term Loan		300.0			300.0
Unamortized debt issuance costs		(2.3	)		(2.4	)
Capital lease obligations and other loans		6.7			6.4
Total debt		824.2			844.5
Current portion of long-term debt		(108.4	)		(2.2	)
Total long-term debt, less current portion	$	715.8		$	842.3

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 agreements 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, 2021 (in millions):

	Weighted Average Interest Rate			Total Amount Committed by Lenders		Outstanding Borrowings		Outstanding Letters of Credit		Total Committed Amounts Available
2019 Credit Agreement		1.3	%	$	600.0	$	—	$	0.2	$	599.8
Bank guarantees and working capital line		0.0	%		120.2		—		120.2		—
Total revolving lines of credit				$	720.2	$	—	$	120.4	$	599.8