Debt, including Finance Lease Obligations (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Long-term Debt Instruments | Current and long-term debt including finance lease obligations consisted of the following:
_______________ (1) Letters of credit outstanding under the revolving credit facility were $12.2 million and $9.0 million and available funds under the facility were $312.8 million and $474.0 million at September 30, 2026 and December 31, 2025, respectively. (2) The weighted interest rate associated with our revolving credit facility, exclusive of any floating-to-fixed interest rate instrument, was 5.20 percent and 6.40 percent for the period ended September 30, 2026 and December 31, 2025, respectively. (3) As of September 30, 2026 and December 31, 2025, $80.0 million of the finance lease obligations upon maturity will be settled utilizing liquid assets that have been placed into a trust established strictly for this purpose. The trust is presented as Restricted investment on the condensed consolidated balance sheets in the amount of $86.6 million and $84.4 million as of September 30, 2026 and December 31, 2025, respectively. Refer to Note 4, under the section: Restricted Investment, for more information. (4) The weighted interest rate associated with our accounts receivable securitization program was 4.76 percent and 5.51 percent for the period ended September 30, 2026 and December 31, 2025, respectively. (5) Debt maturing within one year, inclusive of the finance lease obligation associated with our Performance Materials' Wickliffe, Kentucky manufacturing site, is included in "Notes payable and current maturities of long-term debt" on the condensed consolidated balance sheets. Refer to Note 4, under the section: Restricted Investment, for more information.
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