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Debt and Credit Facilities (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Total Debt Outstanding
Our total debt outstanding consisted of the amounts set forth in the following table:
 December 31,
(In millions)Interest rate20232022
Short-term borrowings(1)
$140.7 $6.6 
Current portion of long-term debt(2)
35.7 434.0 
Total current debt176.4 440.6 
Term Loan A due March 20271,021.1 506.6 
Senior Notes due December 20245.125 %— 423.5 
Senior Notes due September 20255.500 %399.1 398.7 
Senior Secured Notes due October 20261.573 %597.0 596.0 
Senior Notes due December 20274.000 %422.5 421.9 
Senior Notes due February 20286.125 %764.8 — 
Senior Notes due April 20295.000 %421.7 421.2 
Senior Notes due February 20317.250 %420.9 — 
Senior Notes due July 20336.875 %446.7 446.4 
Other(2)
20.1 23.6 
Total long-term debt, less current portion(3)
4,513.9 3,237.9 
Total debt(4)
$4,690.3 $3,678.5 
 
       
(1)Short-term borrowings of $140.7 million at December 31, 2023 were comprised of $86.7 million under our European securitization program, $46.5 million under our U.S. securitization program, and $7.5 million from various lines of credit. Short-term borrowings of $6.6 million at December 31, 2022 were from various lines of credit.
(2)As of December 31, 2023, Current portion of long-term debt included finance lease liabilities of $6.7 million. As of December 31, 2022, Current portion of long-term debt included 4.500% senior notes due September 2023 of $426 million and finance lease liabilities of $7.6 million. Other debt includes $12.8 million and $16.1 million of long-term liabilities associated with our finance leases as of December 31, 2023 and 2022, respectively. See Note 4, “Leases,” for additional information on finance and operating lease liabilities.
(3)Amounts are shown net of unamortized discounts and issuance costs of $36.9 million and $18.9 million as of December 31, 2023 and 2022, respectively.
(4)As of December 31, 2023, our weighted average interest rate on our short-term borrowings outstanding was 5.3% and on our long-term debt outstanding was 5.6%. As of December 31, 2022, our weighted average interest rate on our short-term borrowings outstanding was 2.8% and on our long-term debt outstanding was 4.6%.
Scheduled Annual Maturities for Next Five Years and Thereafter
The following table summarizes the scheduled annual maturities for the next five years and thereafter of our long-term debt, including the current portion of long-term debt and finance leases. This schedule represents the principal amount outstanding, and therefore excludes debt discounts, the effect of present value discounting for finance lease obligations, interest rate swaps, and lender and finance fees.
Year
Amount
(In millions)
2024$37.1 
2025463.1 
2026661.1 
20271,348.4 
2028775.7 
Thereafter1,308.0 
Total$4,593.4 
Schedule of Available Lines of Credit
The following table summarizes our available lines of credit and committed and uncommitted lines of credit, including the revolving credit facility, and the amounts available under our accounts receivable securitization programs.
 December 31,
(In millions)20232022
Used lines of credit(1)
$140.7 $6.6 
Unused lines of credit1,134.7 1,261.0 
Total available lines of credit(2)
$1,275.4 $1,267.6 
 
      
(1)Includes total borrowings under the accounts receivable securitization programs, the revolving credit facility and borrowings under lines of credit available to several subsidiaries.
(2)Of the total available lines of credit, $1,135.0 million were committed as of December 31, 2023