XML 53 R19.htm IDEA: XBRL DOCUMENT v3.22.1
LONG-TERM DEBT (Tables)
3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
The Company’s long-term debt consisted of the following:
In millions
March 31, 2022December 31, 2021
$1.2 billion Credit Facility, due in 2026
$338.6 $247.0 
$200 million Term Loan, due in 2026
200.0 200.0 
$600 million Senior Notes, due in 2024
600.0 600.0 
$500 million Senior Notes, due in 2029
500.0 500.0 
Promissory notes and deferred consideration weighted average maturity of 3.9 years at 2022 and 3.7 years at 2021
49.0 54.6 
Foreign bank debt weighted average maturity 5.7 years at 2022 and 6.0 years at 2021
0.6 0.7 
Obligations under finance leases20.5 21.4 
Total debt1,708.7 1,623.7 
Less: current portion of total debt17.3 19.9 
Less: unamortized debt issuance costs13.1 14.0 
Long-term portion of total debt$1,678.3 $1,589.8 
Schedule of Outstanding Letters of Credit and the Unused Portion of Senior Credit Facility
Amounts committed to outstanding letters of credit and the unused portion of the Company’s Credit Facility were as follows:
In millions
March 31, 2022December 31, 2021
Outstanding letters of credit under Credit Facility$69.9 $71.4 
Unused portion of the Credit Facility791.5 881.5