Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Components of debt obligations

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

	2021			2020
EUR notes (in dollars) under the 2021 Note Purchase Agreement	$	170.7		$	—
CHF notes (in dollars) under the 2021 Note Purchase Agreement		329.2			—
CHF notes (in dollars) under the 2019 Note Purchase Agreement		325.9			335.5
U.S. Dollar notes under the 2019 Term Loan		299.2			300.0
U.S. Dollar notes under the 2012 Note Purchase Agreement		205.0			205.0
Unamortized debt issuance costs		(2.0	)		(2.4	)
Other loans		1.9			3.0
Total notes and loans outstanding		1,329.9			841.1
Finance lease obligations		4.3			3.4
Total debt		1,334.2			844.5
Current portion of long-term debt		(112.4	)		(2.2	)
Total long-term debt, less current portion	$	1,221.8		$	842.3

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		1.3	%	$	600.0	$	—	$	0.2	$	599.8
Bank guarantees and working capital line		varies			116.2		—		116.2		—
Total revolving lines of credit				$	716.2	$	—	$	116.4	$	599.8

Annual maturities of debt outstanding, less deferred financing cost amortization

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

2022	$	111.1
2023		15.8
2024		115.2
2025		15.5
2026		15.2
Thereafter		1,059.1
Total	$	1,331.9