Financing Arrangements (Tables)

3 Months Ended

Mar. 31, 2020

Debt consists of the following:



				Carrying Value at
	Maturity Date	Interest Rate at March 31, 2020		March 31, 2020			December 31, 2019
				(In millions)
Senior Notes	April 15, 2027	6.625	%	$	350.0		$	350.0
Revolving credit facility	November 26, 2024	2.12	%	188.2			173.2
Industrial Equipment Group European Facilities	December 21, 2021	3.25	%	4.5			4.6
Finance Leases	Various	Various		17.9			17.2
Other	Various	Various		21.1			23.5
Total debt				581.7			568.5
Less current portion of long-term debt and short-term debt				(15.3		)	(16.8		)
Less unamortized debt issuance costs				(6.2		)	(6.5		)
Total long-term debt, net				$	560.2		$	545.2

Fair value of debt

The following table represents fair value information of the Notes, classified as Level 1 using estimated quoted market prices.



	March 31, 2020		December 31, 2019
	(In millions)
Carrying amount	$	350.0	$	350.0
Fair value	$	281.8	$	358.3

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details