Financing Arrangements (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Short-term debt

Short-term debt at June 30, 2020 and December 31, 2019 was as follows:

	June 30, 2020		December 31, 2019
Variable-rate Accounts Receivable Facility with an interest rate of 2.77% at December 31, 2019	$	—	$	1.8
Borrowings under lines of credit for certain of the Company’s foreign subsidiaries with various banks with interest rates ranging from 0.24% to 2.80% at June 30, 2020 and 0.27% to 1.75% at December 31, 2019	42.9		15.5
Short-term debt	$	42.9	$	17.3

Long-term debt

Long-term debt at June 30, 2020 and December 31, 2019 was as follows:

	June 30, 2020		December 31, 2019
Variable-rate Senior Credit Facility with an average interest rate on U.S. Dollar of 2.23% and Euro of 1.04% at June 30, 2020 and 2.85% and Euro of 1.00% at December 31, 2019	$	317.8	$	132.7
Variable-rate Euro Term Loan(1), maturing on September 18, 2020, with an interest rate of 1.375% at June 30, 2020 and 1.13% at December 31, 2019	7.8		54.4
Variable-rate Accounts Receivable Facility with an interest rate of 2.77% at December 31, 2019	—		98.2
Variable-rate Term Loan(1), maturing on September 11, 2023, with an interest rate of 2.11% at June 30, 2020 and 2.92% at December 31, 2019	333.8		338.5
Fixed-rate Senior Unsecured Notes(1), maturing on September 1, 2024, with an interest rate of 3.875%	348.8		348.5
Fixed-rate Euro Senior Unsecured Notes(1), maturing on September 7, 2027, with an interest rate of 2.02%	168.1		167.7
Fixed-rate Senior Unsecured Notes(1), maturing on December 15, 2028, with an interest rate of 4.50%	396.3		396.1
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		154.6
Fixed-rate Bank Loan, maturing on June 30, 2033, with an interest rate of 2.15%	18.0		18.0
Other	3.3		4.1
	1,748.5		1,712.8
Less: Current maturities	18.4		64.7
Long-term debt	$	1,730.1	$	1,648.1