XML 57 R38.htm IDEA: XBRL DOCUMENT v3.10.0.1
Financing Arrangements (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] Future minimum lease payments for noncancelable operating leases at December 31, 2018 are as follows:
Year
 
2019
$
36.1

2020
27.1

2021
16.9

2022
11.1

2023
6.1

Thereafter
17.5

Schedule of Maturities of Long-term Debt [Table Text Block] The maturities of long-term debt and capital leases for the five years subsequent to December 31, 2018 are as follows:
Year
 
2019
$
9.4

2020
152.5

2021
77.7

2022
0.5

2023
338.4

Thereafter
1,069.5

Short-term debt Short-term debt as of December 31, 2018 and 2017 was as follows:
 
2018
2017
Variable-rate Accounts Receivable Facility with an interest rate of 2.15% at December 31, 2017
$

$
62.9

Borrowings under variable-rate lines of credit for certain of the Company’s foreign subsidiaries with various banks with interest rates ranging from 0.29% to 1.00% at December 31, 2018 and 0.32% to 2.22% at December 31, 2017
33.6

42.5

Short-term debt
$
33.6

$
105.4

Long-term debt
Long-term debt as of December 31, 2018 and 2017 was as follows:
 
2018
2017
Variable-rate Senior Credit Facility with an average interest rate on U.S. Dollar of 3.40% and Euro of 1.10% at December 31, 2018 and 2.40% and 1.10%, respectively, at December 31, 2017
$
43.9

$
52.0

Variable-rate Euro Term Loan(1) with an interest rate of 1.13% at December 31, 2018 and December 31, 2017
107.1

119.7

Variable-rate Accounts Receivable Facility with an interest rate of 3.22% at December 31, 2018
75.0


Variable-rate Term Loan(1) with an interest rate of 3.77% at December 31, 2018
347.1


Fixed-rate Senior Unsecured Notes(1), maturing on September 1, 2024, with an interest rate of 3.875%
347.7

346.9

Fixed-rate Euro Senior Unsecured Notes(1), maturing on September 7, 2027, with an interest rate of 2.02%
171.4

179.3

Fixed-rate Senior Unsecured Notes(1), maturing on December 15, 2028, with an interest rate of 4.50%
395.8


Fixed-rate Medium-Term Notes, Series A(1), maturing at various dates through May 2028, with interest rates ranging from 6.74% to 7.76%
154.6

154.5

Other
5.4

4.5

Total debt
$
1,648.0

$
856.9

Less current maturities
9.4

2.7

Long-term debt
$
1,638.6

$
854.2