v3.26.1
Debt - Components (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Debt    
Unamortized debt issuance costs $ (1.9) $ (2.4)
Total notes and loans outstanding 1,806.7 1,850.1
Total debt 1,824.8 1,869.1
Current portion of long-term debt and finance lease obligations (10.1) (16.6)
Total long-term debt, less current portion 1,814.7 1,852.5
CHF loan due March 2029    
Debt    
Debt, before unamortized debt issuance costs 0.0 180.8
CHF loan due March 2031    
Debt    
Debt, before unamortized debt issuance costs [1] 185.2 189.0
CHF loan due April 15, 2034    
Debt    
Debt, before unamortized debt issuance costs [2] 61.9 63.0
CHF loan due April 15, 2036    
Debt    
Debt, before unamortized debt issuance costs [2] 242.6 247.0
CHF loan due April 15, 2039    
Debt    
Debt, before unamortized debt issuance costs [2] 228.9 233.1
CHF loan due December 8, 2031    
Debt    
Debt, before unamortized debt issuance costs [2] 371.2 378.1
CHF loan due December 11, 2029    
Debt    
Debt, before unamortized debt issuance costs [2] 367.5 374.3
EUR loan due December 8, 2031    
Debt    
Debt, before unamortized debt issuance costs [2] 171.3 176.0
2024 Revolving Credit Agreement    
Debt    
Debt, before unamortized debt issuance costs 170.0 0.0
Other loans    
Debt    
Debt, before unamortized debt issuance costs 10.0 11.2
Finance lease obligations    
Debt    
Total debt $ 18.1 $ 19.0
[1] Amounts outstanding under the Term Loan Agreements bear interest at a rate equal to the Swiss Average Rate Overnight (“SARON”), plus a margin ranging from 1.250% to 1.750% in the case of the seven-year term loan facilities, based on the Company’s leverage ratio, provided, however, that if the loans are required to bear interest determined by reference to an Alternate Base Rate (“ABR Loans”), then such ABR Loans shall bear interest equal to (i) the federal funds effective rate plus ½ of 1%, (ii) the prime rate announced by Bank of America, N.A., and (iii) 1%, plus a margin ranging from 0.000% to 0.500%, based on the Company’s leverage ratio. The rate shown in this table represents the average rate applicable during the second quarter of 2026.
[2] The fair value of the Company's long-term fixed interest rate debt was $1,427.0 million and $1,432.2 million as of June 30, 2026, and December 31, 2025, respectively.