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Included $ 213.4 million and $ 133.2 million at December 31, 2023 and 2022, respectively, of work in process in our Energy Storage segment. | text | 133.2 | monetaryItemType | text: <entity> 133.2 </entity> <entity type> monetaryItemType </entity type> <context> Included $ 213.4 million and $ 133.2 million at December 31, 2023 and 2022, respectively, of work in process in our Energy Storage segment. </context> | us-gaap:InventoryWorkInProcessNetOfReserves |
Approximately 3 % of our inventories are valued using the last-in, first-out (“LIFO”) method at both December 31, 2023 and 2022. The portion of our domestic inventories stated on the LIFO basis amounted to $ 60.4 million and $ 52.9 million at December 31, 2023 and 2022, respectively, which are below replacement cost by approximately $ 60.1 million and $ 57.9 million, respectively. | text | 60.4 | monetaryItemType | text: <entity> 60.4 </entity> <entity type> monetaryItemType </entity type> <context> Approximately 3 % of our inventories are valued using the last-in, first-out (“LIFO”) method at both December 31, 2023 and 2022. The portion of our domestic inventories stated on the LIFO basis amounted to $ 60.4 million and $ 52.9 million at December 31, 2023 and 2022, respectively, which are below replacement cost by approximately $ 60.1 million and $ 57.9 million, respectively. </context> | us-gaap:LIFOInventoryAmount |
Approximately 3 % of our inventories are valued using the last-in, first-out (“LIFO”) method at both December 31, 2023 and 2022. The portion of our domestic inventories stated on the LIFO basis amounted to $ 60.4 million and $ 52.9 million at December 31, 2023 and 2022, respectively, which are below replacement cost by approximately $ 60.1 million and $ 57.9 million, respectively. | text | 52.9 | monetaryItemType | text: <entity> 52.9 </entity> <entity type> monetaryItemType </entity type> <context> Approximately 3 % of our inventories are valued using the last-in, first-out (“LIFO”) method at both December 31, 2023 and 2022. The portion of our domestic inventories stated on the LIFO basis amounted to $ 60.4 million and $ 52.9 million at December 31, 2023 and 2022, respectively, which are below replacement cost by approximately $ 60.1 million and $ 57.9 million, respectively. </context> | us-gaap:LIFOInventoryAmount |
Approximately 3 % of our inventories are valued using the last-in, first-out (“LIFO”) method at both December 31, 2023 and 2022. The portion of our domestic inventories stated on the LIFO basis amounted to $ 60.4 million and $ 52.9 million at December 31, 2023 and 2022, respectively, which are below replacement cost by approximately $ 60.1 million and $ 57.9 million, respectively. | text | 60.1 | monetaryItemType | text: <entity> 60.1 </entity> <entity type> monetaryItemType </entity type> <context> Approximately 3 % of our inventories are valued using the last-in, first-out (“LIFO”) method at both December 31, 2023 and 2022. The portion of our domestic inventories stated on the LIFO basis amounted to $ 60.4 million and $ 52.9 million at December 31, 2023 and 2022, respectively, which are below replacement cost by approximately $ 60.1 million and $ 57.9 million, respectively. </context> | us-gaap:ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue |
Approximately 3 % of our inventories are valued using the last-in, first-out (“LIFO”) method at both December 31, 2023 and 2022. The portion of our domestic inventories stated on the LIFO basis amounted to $ 60.4 million and $ 52.9 million at December 31, 2023 and 2022, respectively, which are below replacement cost by approximately $ 60.1 million and $ 57.9 million, respectively. | text | 57.9 | monetaryItemType | text: <entity> 57.9 </entity> <entity type> monetaryItemType </entity type> <context> Approximately 3 % of our inventories are valued using the last-in, first-out (“LIFO”) method at both December 31, 2023 and 2022. The portion of our domestic inventories stated on the LIFO basis amounted to $ 60.4 million and $ 52.9 million at December 31, 2023 and 2022, respectively, which are below replacement cost by approximately $ 60.1 million and $ 57.9 million, respectively. </context> | us-gaap:ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue |
The Company eliminates the balance of intra-entity profits on purchases of inventory from its equity method investments that remains unsold at the balance sheet in Inventories, specifically finished goods and equally reduces Equity in net income of unconsolidated investments (net of tax) on the consolidated statements of income. The balance of intra-entity profits on inventory purchased from equity method investments in Inventories totaled $ 559.6 million and $ 332.3 million at December 31, 2023 and 2022, respectively. The intra-entity profit is recognized in Equity in net income of unconsolidated investments (net of tax) in the period that converted inventory is sold to a third-party customer. In the same period, the intra-entity profit is also recognized as higher Cost of goods sold on the consolidated statements of income. | text | 559.6 | monetaryItemType | text: <entity> 559.6 </entity> <entity type> monetaryItemType </entity type> <context> The Company eliminates the balance of intra-entity profits on purchases of inventory from its equity method investments that remains unsold at the balance sheet in Inventories, specifically finished goods and equally reduces Equity in net income of unconsolidated investments (net of tax) on the consolidated statements of income. The balance of intra-entity profits on inventory purchased from equity method investments in Inventories totaled $ 559.6 million and $ 332.3 million at December 31, 2023 and 2022, respectively. The intra-entity profit is recognized in Equity in net income of unconsolidated investments (net of tax) in the period that converted inventory is sold to a third-party customer. In the same period, the intra-entity profit is also recognized as higher Cost of goods sold on the consolidated statements of income. </context> | us-gaap:EquityMethodInvestmentDeferredGainOnSale |
The Company eliminates the balance of intra-entity profits on purchases of inventory from its equity method investments that remains unsold at the balance sheet in Inventories, specifically finished goods and equally reduces Equity in net income of unconsolidated investments (net of tax) on the consolidated statements of income. The balance of intra-entity profits on inventory purchased from equity method investments in Inventories totaled $ 559.6 million and $ 332.3 million at December 31, 2023 and 2022, respectively. The intra-entity profit is recognized in Equity in net income of unconsolidated investments (net of tax) in the period that converted inventory is sold to a third-party customer. In the same period, the intra-entity profit is also recognized as higher Cost of goods sold on the consolidated statements of income. | text | 332.3 | monetaryItemType | text: <entity> 332.3 </entity> <entity type> monetaryItemType </entity type> <context> The Company eliminates the balance of intra-entity profits on purchases of inventory from its equity method investments that remains unsold at the balance sheet in Inventories, specifically finished goods and equally reduces Equity in net income of unconsolidated investments (net of tax) on the consolidated statements of income. The balance of intra-entity profits on inventory purchased from equity method investments in Inventories totaled $ 559.6 million and $ 332.3 million at December 31, 2023 and 2022, respectively. The intra-entity profit is recognized in Equity in net income of unconsolidated investments (net of tax) in the period that converted inventory is sold to a third-party customer. In the same period, the intra-entity profit is also recognized as higher Cost of goods sold on the consolidated statements of income. </context> | us-gaap:EquityMethodInvestmentDeferredGainOnSale |
The cost of property, plant and equipment is depreciated generally by the straight-line method. Depletion of mineral rights is based on the units-of-production method. Depreciation expense, including depletion, amounted to $ 398.5 million, $ 273.0 million and $ 225.6 million during the years ended December 31, 2023, 2022 and 2021, respectively. Interest capitalized on significant capital projects in 2023, 2022 and 2021 was $ 72.7 million, $ 31.1 million and $ 50.0 million, respectively. | text | 398.5 | monetaryItemType | text: <entity> 398.5 </entity> <entity type> monetaryItemType </entity type> <context> The cost of property, plant and equipment is depreciated generally by the straight-line method. Depletion of mineral rights is based on the units-of-production method. Depreciation expense, including depletion, amounted to $ 398.5 million, $ 273.0 million and $ 225.6 million during the years ended December 31, 2023, 2022 and 2021, respectively. Interest capitalized on significant capital projects in 2023, 2022 and 2021 was $ 72.7 million, $ 31.1 million and $ 50.0 million, respectively. </context> | us-gaap:Depreciation |
The cost of property, plant and equipment is depreciated generally by the straight-line method. Depletion of mineral rights is based on the units-of-production method. Depreciation expense, including depletion, amounted to $ 398.5 million, $ 273.0 million and $ 225.6 million during the years ended December 31, 2023, 2022 and 2021, respectively. Interest capitalized on significant capital projects in 2023, 2022 and 2021 was $ 72.7 million, $ 31.1 million and $ 50.0 million, respectively. | text | 273.0 | monetaryItemType | text: <entity> 273.0 </entity> <entity type> monetaryItemType </entity type> <context> The cost of property, plant and equipment is depreciated generally by the straight-line method. Depletion of mineral rights is based on the units-of-production method. Depreciation expense, including depletion, amounted to $ 398.5 million, $ 273.0 million and $ 225.6 million during the years ended December 31, 2023, 2022 and 2021, respectively. Interest capitalized on significant capital projects in 2023, 2022 and 2021 was $ 72.7 million, $ 31.1 million and $ 50.0 million, respectively. </context> | us-gaap:Depreciation |
The cost of property, plant and equipment is depreciated generally by the straight-line method. Depletion of mineral rights is based on the units-of-production method. Depreciation expense, including depletion, amounted to $ 398.5 million, $ 273.0 million and $ 225.6 million during the years ended December 31, 2023, 2022 and 2021, respectively. Interest capitalized on significant capital projects in 2023, 2022 and 2021 was $ 72.7 million, $ 31.1 million and $ 50.0 million, respectively. | text | 225.6 | monetaryItemType | text: <entity> 225.6 </entity> <entity type> monetaryItemType </entity type> <context> The cost of property, plant and equipment is depreciated generally by the straight-line method. Depletion of mineral rights is based on the units-of-production method. Depreciation expense, including depletion, amounted to $ 398.5 million, $ 273.0 million and $ 225.6 million during the years ended December 31, 2023, 2022 and 2021, respectively. Interest capitalized on significant capital projects in 2023, 2022 and 2021 was $ 72.7 million, $ 31.1 million and $ 50.0 million, respectively. </context> | us-gaap:Depreciation |
The cost of property, plant and equipment is depreciated generally by the straight-line method. Depletion of mineral rights is based on the units-of-production method. Depreciation expense, including depletion, amounted to $ 398.5 million, $ 273.0 million and $ 225.6 million during the years ended December 31, 2023, 2022 and 2021, respectively. Interest capitalized on significant capital projects in 2023, 2022 and 2021 was $ 72.7 million, $ 31.1 million and $ 50.0 million, respectively. | text | 72.7 | monetaryItemType | text: <entity> 72.7 </entity> <entity type> monetaryItemType </entity type> <context> The cost of property, plant and equipment is depreciated generally by the straight-line method. Depletion of mineral rights is based on the units-of-production method. Depreciation expense, including depletion, amounted to $ 398.5 million, $ 273.0 million and $ 225.6 million during the years ended December 31, 2023, 2022 and 2021, respectively. Interest capitalized on significant capital projects in 2023, 2022 and 2021 was $ 72.7 million, $ 31.1 million and $ 50.0 million, respectively. </context> | us-gaap:InterestCostsCapitalized |
The cost of property, plant and equipment is depreciated generally by the straight-line method. Depletion of mineral rights is based on the units-of-production method. Depreciation expense, including depletion, amounted to $ 398.5 million, $ 273.0 million and $ 225.6 million during the years ended December 31, 2023, 2022 and 2021, respectively. Interest capitalized on significant capital projects in 2023, 2022 and 2021 was $ 72.7 million, $ 31.1 million and $ 50.0 million, respectively. | text | 31.1 | monetaryItemType | text: <entity> 31.1 </entity> <entity type> monetaryItemType </entity type> <context> The cost of property, plant and equipment is depreciated generally by the straight-line method. Depletion of mineral rights is based on the units-of-production method. Depreciation expense, including depletion, amounted to $ 398.5 million, $ 273.0 million and $ 225.6 million during the years ended December 31, 2023, 2022 and 2021, respectively. Interest capitalized on significant capital projects in 2023, 2022 and 2021 was $ 72.7 million, $ 31.1 million and $ 50.0 million, respectively. </context> | us-gaap:InterestCostsCapitalized |
The cost of property, plant and equipment is depreciated generally by the straight-line method. Depletion of mineral rights is based on the units-of-production method. Depreciation expense, including depletion, amounted to $ 398.5 million, $ 273.0 million and $ 225.6 million during the years ended December 31, 2023, 2022 and 2021, respectively. Interest capitalized on significant capital projects in 2023, 2022 and 2021 was $ 72.7 million, $ 31.1 million and $ 50.0 million, respectively. | text | 50.0 | monetaryItemType | text: <entity> 50.0 </entity> <entity type> monetaryItemType </entity type> <context> The cost of property, plant and equipment is depreciated generally by the straight-line method. Depletion of mineral rights is based on the units-of-production method. Depreciation expense, including depletion, amounted to $ 398.5 million, $ 273.0 million and $ 225.6 million during the years ended December 31, 2023, 2022 and 2021, respectively. Interest capitalized on significant capital projects in 2023, 2022 and 2021 was $ 72.7 million, $ 31.1 million and $ 50.0 million, respectively. </context> | us-gaap:InterestCostsCapitalized |
Our investment in the significant unconsolidated joint ventures above amounted to $ 841.5 million and $ 813.9 million as of December 31, 2023 and 2022, respectively. Undistributed earnings attributable to our significant unconsolidated investments represented approximately $ 97.3 million and $ 242.7 million of our consolidated retained earnings at December 31, 2023 and 2022, respectively. All of the unconsolidated joint ventures in which we have investments are private companies and accordingly do not have a quoted market price available. | text | 97.3 | monetaryItemType | text: <entity> 97.3 </entity> <entity type> monetaryItemType </entity type> <context> Our investment in the significant unconsolidated joint ventures above amounted to $ 841.5 million and $ 813.9 million as of December 31, 2023 and 2022, respectively. Undistributed earnings attributable to our significant unconsolidated investments represented approximately $ 97.3 million and $ 242.7 million of our consolidated retained earnings at December 31, 2023 and 2022, respectively. All of the unconsolidated joint ventures in which we have investments are private companies and accordingly do not have a quoted market price available. </context> | us-gaap:RetainedEarningsUndistributedEarningsFromEquityMethodInvestees |
Our investment in the significant unconsolidated joint ventures above amounted to $ 841.5 million and $ 813.9 million as of December 31, 2023 and 2022, respectively. Undistributed earnings attributable to our significant unconsolidated investments represented approximately $ 97.3 million and $ 242.7 million of our consolidated retained earnings at December 31, 2023 and 2022, respectively. All of the unconsolidated joint ventures in which we have investments are private companies and accordingly do not have a quoted market price available. | text | 242.7 | monetaryItemType | text: <entity> 242.7 </entity> <entity type> monetaryItemType </entity type> <context> Our investment in the significant unconsolidated joint ventures above amounted to $ 841.5 million and $ 813.9 million as of December 31, 2023 and 2022, respectively. Undistributed earnings attributable to our significant unconsolidated investments represented approximately $ 97.3 million and $ 242.7 million of our consolidated retained earnings at December 31, 2023 and 2022, respectively. All of the unconsolidated joint ventures in which we have investments are private companies and accordingly do not have a quoted market price available. </context> | us-gaap:RetainedEarningsUndistributedEarningsFromEquityMethodInvestees |
We have evaluated each of the unconsolidated investments pursuant to current accounting guidance and none qualify for consolidation. Dividends received from our significant unconsolidated investments were $ 2.0 billion, $ 800.9 million and $ 78.4 million in 2023, 2022 and 2021, respectively. | text | 2.0 | monetaryItemType | text: <entity> 2.0 </entity> <entity type> monetaryItemType </entity type> <context> We have evaluated each of the unconsolidated investments pursuant to current accounting guidance and none qualify for consolidation. Dividends received from our significant unconsolidated investments were $ 2.0 billion, $ 800.9 million and $ 78.4 million in 2023, 2022 and 2021, respectively. </context> | us-gaap:EquityMethodInvestmentDividendsOrDistributions |
We have evaluated each of the unconsolidated investments pursuant to current accounting guidance and none qualify for consolidation. Dividends received from our significant unconsolidated investments were $ 2.0 billion, $ 800.9 million and $ 78.4 million in 2023, 2022 and 2021, respectively. | text | 800.9 | monetaryItemType | text: <entity> 800.9 </entity> <entity type> monetaryItemType </entity type> <context> We have evaluated each of the unconsolidated investments pursuant to current accounting guidance and none qualify for consolidation. Dividends received from our significant unconsolidated investments were $ 2.0 billion, $ 800.9 million and $ 78.4 million in 2023, 2022 and 2021, respectively. </context> | us-gaap:EquityMethodInvestmentDividendsOrDistributions |
We have evaluated each of the unconsolidated investments pursuant to current accounting guidance and none qualify for consolidation. Dividends received from our significant unconsolidated investments were $ 2.0 billion, $ 800.9 million and $ 78.4 million in 2023, 2022 and 2021, respectively. | text | 78.4 | monetaryItemType | text: <entity> 78.4 </entity> <entity type> monetaryItemType </entity type> <context> We have evaluated each of the unconsolidated investments pursuant to current accounting guidance and none qualify for consolidation. Dividends received from our significant unconsolidated investments were $ 2.0 billion, $ 800.9 million and $ 78.4 million in 2023, 2022 and 2021, respectively. </context> | us-gaap:EquityMethodInvestmentDividendsOrDistributions |
The Company holds a 49 % equity interest in Windfield, which we acquired in the Rockwood acquisition. With regards to the Company’s ownership in Windfield, the parties share risks and benefits disproportionate to their voting interests. As a result, the Company considers Windfield to be a variable interest entity (“VIE”). However, the Company does not consolidate Windfield as it is not the primary beneficiary. The carrying amount of our 49 % equity interest in Windfield, which is our most significant VIE, was $ 712.0 million and $ 694.5 million at December 31, 2023 and 2022, respectively. The Company’s unconsolidated VIEs are reported in Investments in the consolidated balance sheets. The Company does not guarantee debt for, or have other financial support obligations to, these entities, and its maximum exposure to loss in connection with its continuing involvement with these entities is limited to the carrying value of the investments. | text | 49 | percentItemType | text: <entity> 49 </entity> <entity type> percentItemType </entity type> <context> The Company holds a 49 % equity interest in Windfield, which we acquired in the Rockwood acquisition. With regards to the Company’s ownership in Windfield, the parties share risks and benefits disproportionate to their voting interests. As a result, the Company considers Windfield to be a variable interest entity (“VIE”). However, the Company does not consolidate Windfield as it is not the primary beneficiary. The carrying amount of our 49 % equity interest in Windfield, which is our most significant VIE, was $ 712.0 million and $ 694.5 million at December 31, 2023 and 2022, respectively. The Company’s unconsolidated VIEs are reported in Investments in the consolidated balance sheets. The Company does not guarantee debt for, or have other financial support obligations to, these entities, and its maximum exposure to loss in connection with its continuing involvement with these entities is limited to the carrying value of the investments. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The Company holds a 49 % equity interest in Windfield, which we acquired in the Rockwood acquisition. With regards to the Company’s ownership in Windfield, the parties share risks and benefits disproportionate to their voting interests. As a result, the Company considers Windfield to be a variable interest entity (“VIE”). However, the Company does not consolidate Windfield as it is not the primary beneficiary. The carrying amount of our 49 % equity interest in Windfield, which is our most significant VIE, was $ 712.0 million and $ 694.5 million at December 31, 2023 and 2022, respectively. The Company’s unconsolidated VIEs are reported in Investments in the consolidated balance sheets. The Company does not guarantee debt for, or have other financial support obligations to, these entities, and its maximum exposure to loss in connection with its continuing involvement with these entities is limited to the carrying value of the investments. | text | 712.0 | monetaryItemType | text: <entity> 712.0 </entity> <entity type> monetaryItemType </entity type> <context> The Company holds a 49 % equity interest in Windfield, which we acquired in the Rockwood acquisition. With regards to the Company’s ownership in Windfield, the parties share risks and benefits disproportionate to their voting interests. As a result, the Company considers Windfield to be a variable interest entity (“VIE”). However, the Company does not consolidate Windfield as it is not the primary beneficiary. The carrying amount of our 49 % equity interest in Windfield, which is our most significant VIE, was $ 712.0 million and $ 694.5 million at December 31, 2023 and 2022, respectively. The Company’s unconsolidated VIEs are reported in Investments in the consolidated balance sheets. The Company does not guarantee debt for, or have other financial support obligations to, these entities, and its maximum exposure to loss in connection with its continuing involvement with these entities is limited to the carrying value of the investments. </context> | us-gaap:EquityMethodInvestments |
The Company holds a 49 % equity interest in Windfield, which we acquired in the Rockwood acquisition. With regards to the Company’s ownership in Windfield, the parties share risks and benefits disproportionate to their voting interests. As a result, the Company considers Windfield to be a variable interest entity (“VIE”). However, the Company does not consolidate Windfield as it is not the primary beneficiary. The carrying amount of our 49 % equity interest in Windfield, which is our most significant VIE, was $ 712.0 million and $ 694.5 million at December 31, 2023 and 2022, respectively. The Company’s unconsolidated VIEs are reported in Investments in the consolidated balance sheets. The Company does not guarantee debt for, or have other financial support obligations to, these entities, and its maximum exposure to loss in connection with its continuing involvement with these entities is limited to the carrying value of the investments. | text | 694.5 | monetaryItemType | text: <entity> 694.5 </entity> <entity type> monetaryItemType </entity type> <context> The Company holds a 49 % equity interest in Windfield, which we acquired in the Rockwood acquisition. With regards to the Company’s ownership in Windfield, the parties share risks and benefits disproportionate to their voting interests. As a result, the Company considers Windfield to be a variable interest entity (“VIE”). However, the Company does not consolidate Windfield as it is not the primary beneficiary. The carrying amount of our 49 % equity interest in Windfield, which is our most significant VIE, was $ 712.0 million and $ 694.5 million at December 31, 2023 and 2022, respectively. The Company’s unconsolidated VIEs are reported in Investments in the consolidated balance sheets. The Company does not guarantee debt for, or have other financial support obligations to, these entities, and its maximum exposure to loss in connection with its continuing involvement with these entities is limited to the carrying value of the investments. </context> | us-gaap:EquityMethodInvestments |
As a result of this transaction, the Company recorded a gain of $ 71.2 million on the consolidated statement of income during the fourth quarter of 2023. The fair value of the 40 % ownership of the Kemerton lithium hydroxide processing facility was based on management’s estimates and assumptions, as well as other information compiled by management, including valuations that utilize customary valuation procedures and techniques. If the actual results differ from the estimates and judgments used in these fair values, the amounts recorded in the consolidated financial statements could be subject to possible impairment. | text | 71.2 | monetaryItemType | text: <entity> 71.2 </entity> <entity type> monetaryItemType </entity type> <context> As a result of this transaction, the Company recorded a gain of $ 71.2 million on the consolidated statement of income during the fourth quarter of 2023. The fair value of the 40 % ownership of the Kemerton lithium hydroxide processing facility was based on management’s estimates and assumptions, as well as other information compiled by management, including valuations that utilize customary valuation procedures and techniques. If the actual results differ from the estimates and judgments used in these fair values, the amounts recorded in the consolidated financial statements could be subject to possible impairment. </context> | us-gaap:GainLossOnSaleOfBusiness |
Included in the Company’s marketable equity securities balance are holdings in equity securities of public companies. The fair value is measured using publicly available share prices of the investments, with any changes reported in Other income (loss), net in our consolidated statements of income. During the year ended December 31, 2023, the Company purchased approximately $ 203.4 million of shares in publicly-traded companies. In addition, during the years ended December 31, 2023 and 2022, the Company recorded unrealized mark-to-market (losses) gains of ($ 41.4 ) million and $ 4.3 million, respectively, in Other income (loss), net for all public equity securities held at the end of the balance sheet date. | text | 41.4 | monetaryItemType | text: <entity> 41.4 </entity> <entity type> monetaryItemType </entity type> <context> Included in the Company’s marketable equity securities balance are holdings in equity securities of public companies. The fair value is measured using publicly available share prices of the investments, with any changes reported in Other income (loss), net in our consolidated statements of income. During the year ended December 31, 2023, the Company purchased approximately $ 203.4 million of shares in publicly-traded companies. In addition, during the years ended December 31, 2023 and 2022, the Company recorded unrealized mark-to-market (losses) gains of ($ 41.4 ) million and $ 4.3 million, respectively, in Other income (loss), net for all public equity securities held at the end of the balance sheet date. </context> | us-gaap:EquitySecuritiesFvNiUnrealizedGainLoss |
Included in the Company’s marketable equity securities balance are holdings in equity securities of public companies. The fair value is measured using publicly available share prices of the investments, with any changes reported in Other income (loss), net in our consolidated statements of income. During the year ended December 31, 2023, the Company purchased approximately $ 203.4 million of shares in publicly-traded companies. In addition, during the years ended December 31, 2023 and 2022, the Company recorded unrealized mark-to-market (losses) gains of ($ 41.4 ) million and $ 4.3 million, respectively, in Other income (loss), net for all public equity securities held at the end of the balance sheet date. | text | 4.3 | monetaryItemType | text: <entity> 4.3 </entity> <entity type> monetaryItemType </entity type> <context> Included in the Company’s marketable equity securities balance are holdings in equity securities of public companies. The fair value is measured using publicly available share prices of the investments, with any changes reported in Other income (loss), net in our consolidated statements of income. During the year ended December 31, 2023, the Company purchased approximately $ 203.4 million of shares in publicly-traded companies. In addition, during the years ended December 31, 2023 and 2022, the Company recorded unrealized mark-to-market (losses) gains of ($ 41.4 ) million and $ 4.3 million, respectively, in Other income (loss), net for all public equity securities held at the end of the balance sheet date. </context> | us-gaap:EquitySecuritiesFvNiUnrealizedGainLoss |
In January 2024, the Company sold equity securities of a public company for proceeds of approximately $ 81.5 million. As a result of the sale, the Company expects to realize a loss of $ 33.7 million in the three months ended March 31, 2024. | text | 81.5 | monetaryItemType | text: <entity> 81.5 </entity> <entity type> monetaryItemType </entity type> <context> In January 2024, the Company sold equity securities of a public company for proceeds of approximately $ 81.5 million. As a result of the sale, the Company expects to realize a loss of $ 33.7 million in the three months ended March 31, 2024. </context> | us-gaap:ProceedsFromSaleOfEquitySecuritiesFvNi |
In January 2024, the Company sold equity securities of a public company for proceeds of approximately $ 81.5 million. As a result of the sale, the Company expects to realize a loss of $ 33.7 million in the three months ended March 31, 2024. | text | 33.7 | monetaryItemType | text: <entity> 33.7 </entity> <entity type> monetaryItemType </entity type> <context> In January 2024, the Company sold equity securities of a public company for proceeds of approximately $ 81.5 million. As a result of the sale, the Company expects to realize a loss of $ 33.7 million in the three months ended March 31, 2024. </context> | us-gaap:EquitySecuritiesFvNiRealizedGainLoss |
The Company holds a 50 % equity interest in Jordan Bromine Company Limited (“JBC”), reported in the Bromine segment. The Company consolidates this venture as it is considered the primary beneficiary due to its operational and financial control. | text | 50 | percentItemType | text: <entity> 50 </entity> <entity type> percentItemType </entity type> <context> The Company holds a 50 % equity interest in Jordan Bromine Company Limited (“JBC”), reported in the Bromine segment. The Company consolidates this venture as it is considered the primary beneficiary due to its operational and financial control. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
On June 1, 2021, the Company completed the sale of its FCS business to Grace for proceeds of approximately $ 570 million, consisting of $ 300 million in cash and the issuance to Albemarle of preferred equity of a Grace subsidiary having an aggregate stated value of $ 270 million. The preferred equity can be redeemed at Grace’s option under certain conditions and | text | 570 | monetaryItemType | text: <entity> 570 </entity> <entity type> monetaryItemType </entity type> <context> On June 1, 2021, the Company completed the sale of its FCS business to Grace for proceeds of approximately $ 570 million, consisting of $ 300 million in cash and the issuance to Albemarle of preferred equity of a Grace subsidiary having an aggregate stated value of $ 270 million. The preferred equity can be redeemed at Grace’s option under certain conditions and </context> | us-gaap:ProceedsFromDivestitureOfBusinesses |
On June 1, 2021, the Company completed the sale of its FCS business to Grace for proceeds of approximately $ 570 million, consisting of $ 300 million in cash and the issuance to Albemarle of preferred equity of a Grace subsidiary having an aggregate stated value of $ 270 million. The preferred equity can be redeemed at Grace’s option under certain conditions and | text | 270 | monetaryItemType | text: <entity> 270 </entity> <entity type> monetaryItemType </entity type> <context> On June 1, 2021, the Company completed the sale of its FCS business to Grace for proceeds of approximately $ 570 million, consisting of $ 300 million in cash and the issuance to Albemarle of preferred equity of a Grace subsidiary having an aggregate stated value of $ 270 million. The preferred equity can be redeemed at Grace’s option under certain conditions and </context> | us-gaap:PreferredStockValueOutstanding |
will accrue PIK dividends at an annual rate of 12 % beginning June 1, 2023, two years after issuance. The fair value of this preferred equity was $ 289.3 million and $ 260.1 million at December 31, 2023 and 2022, respectively. | text | 12 | percentItemType | text: <entity> 12 </entity> <entity type> percentItemType </entity type> <context> will accrue PIK dividends at an annual rate of 12 % beginning June 1, 2023, two years after issuance. The fair value of this preferred equity was $ 289.3 million and $ 260.1 million at December 31, 2023 and 2022, respectively. </context> | us-gaap:PreferredStockDividendRatePercentage |
will accrue PIK dividends at an annual rate of 12 % beginning June 1, 2023, two years after issuance. The fair value of this preferred equity was $ 289.3 million and $ 260.1 million at December 31, 2023 and 2022, respectively. | text | 289.3 | monetaryItemType | text: <entity> 289.3 </entity> <entity type> monetaryItemType </entity type> <context> will accrue PIK dividends at an annual rate of 12 % beginning June 1, 2023, two years after issuance. The fair value of this preferred equity was $ 289.3 million and $ 260.1 million at December 31, 2023 and 2022, respectively. </context> | us-gaap:AvailableForSaleSecuritiesDebtSecuritiesNoncurrent |
will accrue PIK dividends at an annual rate of 12 % beginning June 1, 2023, two years after issuance. The fair value of this preferred equity was $ 289.3 million and $ 260.1 million at December 31, 2023 and 2022, respectively. | text | 260.1 | monetaryItemType | text: <entity> 260.1 </entity> <entity type> monetaryItemType </entity type> <context> will accrue PIK dividends at an annual rate of 12 % beginning June 1, 2023, two years after issuance. The fair value of this preferred equity was $ 289.3 million and $ 260.1 million at December 31, 2023 and 2022, respectively. </context> | us-gaap:AvailableForSaleSecuritiesDebtSecuritiesNoncurrent |
We maintain a Benefit Protection Trust (the “Trust”) that was created to provide a source of funds to assist in meeting the obligations of our Executive Deferred Compensation Plan (“EDCP”), subject to the claims of our creditors in the event of our insolvency. Assets of the Trust, in conjunction with our EDCP, are accounted for as trading securities in accordance with authoritative accounting guidance. The assets of the Trust consist primarily of mutual fund investments and are marked-to-market on a monthly basis through the consolidated statements of income. At December 31, 2023 and 2022, these marketable securities amounted to $ 33.6 million and $ 27.3 million, respectively. | text | 33.6 | monetaryItemType | text: <entity> 33.6 </entity> <entity type> monetaryItemType </entity type> <context> We maintain a Benefit Protection Trust (the “Trust”) that was created to provide a source of funds to assist in meeting the obligations of our Executive Deferred Compensation Plan (“EDCP”), subject to the claims of our creditors in the event of our insolvency. Assets of the Trust, in conjunction with our EDCP, are accounted for as trading securities in accordance with authoritative accounting guidance. The assets of the Trust consist primarily of mutual fund investments and are marked-to-market on a monthly basis through the consolidated statements of income. At December 31, 2023 and 2022, these marketable securities amounted to $ 33.6 million and $ 27.3 million, respectively. </context> | us-gaap:MarketableSecuritiesNoncurrent |
We maintain a Benefit Protection Trust (the “Trust”) that was created to provide a source of funds to assist in meeting the obligations of our Executive Deferred Compensation Plan (“EDCP”), subject to the claims of our creditors in the event of our insolvency. Assets of the Trust, in conjunction with our EDCP, are accounted for as trading securities in accordance with authoritative accounting guidance. The assets of the Trust consist primarily of mutual fund investments and are marked-to-market on a monthly basis through the consolidated statements of income. At December 31, 2023 and 2022, these marketable securities amounted to $ 33.6 million and $ 27.3 million, respectively. | text | 27.3 | monetaryItemType | text: <entity> 27.3 </entity> <entity type> monetaryItemType </entity type> <context> We maintain a Benefit Protection Trust (the “Trust”) that was created to provide a source of funds to assist in meeting the obligations of our Executive Deferred Compensation Plan (“EDCP”), subject to the claims of our creditors in the event of our insolvency. Assets of the Trust, in conjunction with our EDCP, are accounted for as trading securities in accordance with authoritative accounting guidance. The assets of the Trust consist primarily of mutual fund investments and are marked-to-market on a monthly basis through the consolidated statements of income. At December 31, 2023 and 2022, these marketable securities amounted to $ 33.6 million and $ 27.3 million, respectively. </context> | us-gaap:MarketableSecuritiesNoncurrent |
(e) Balance at December 31, 2023 includes an accumulated impairment loss of $ 6.8 million in Ketjen. As a result, the balance of Ketjen as of December 31, 2023 fully consists of goodwill related to the Refining Solutions reporting unit. | text | 6.8 | monetaryItemType | text: <entity> 6.8 </entity> <entity type> monetaryItemType </entity type> <context> (e) Balance at December 31, 2023 includes an accumulated impairment loss of $ 6.8 million in Ketjen. As a result, the balance of Ketjen as of December 31, 2023 fully consists of goodwill related to the Refining Solutions reporting unit. </context> | us-gaap:GoodwillImpairedAccumulatedImpairmentLoss |
Amortization of other intangibles amounted to $ 28.0 million, $ 24.7 million and $ 25.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. Included in amortization for the years ended December 31, 2023, 2022 and 2021 is $ 16.7 million, $ 17.2 million and $ 19.3 million, respectively, of amortization using the pattern of economic benefit method. | text | 28.0 | monetaryItemType | text: <entity> 28.0 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of other intangibles amounted to $ 28.0 million, $ 24.7 million and $ 25.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. Included in amortization for the years ended December 31, 2023, 2022 and 2021 is $ 16.7 million, $ 17.2 million and $ 19.3 million, respectively, of amortization using the pattern of economic benefit method. </context> | us-gaap:AmortizationOfIntangibleAssets |
Amortization of other intangibles amounted to $ 28.0 million, $ 24.7 million and $ 25.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. Included in amortization for the years ended December 31, 2023, 2022 and 2021 is $ 16.7 million, $ 17.2 million and $ 19.3 million, respectively, of amortization using the pattern of economic benefit method. | text | 24.7 | monetaryItemType | text: <entity> 24.7 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of other intangibles amounted to $ 28.0 million, $ 24.7 million and $ 25.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. Included in amortization for the years ended December 31, 2023, 2022 and 2021 is $ 16.7 million, $ 17.2 million and $ 19.3 million, respectively, of amortization using the pattern of economic benefit method. </context> | us-gaap:AmortizationOfIntangibleAssets |
Amortization of other intangibles amounted to $ 28.0 million, $ 24.7 million and $ 25.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. Included in amortization for the years ended December 31, 2023, 2022 and 2021 is $ 16.7 million, $ 17.2 million and $ 19.3 million, respectively, of amortization using the pattern of economic benefit method. | text | 25.3 | monetaryItemType | text: <entity> 25.3 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of other intangibles amounted to $ 28.0 million, $ 24.7 million and $ 25.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. Included in amortization for the years ended December 31, 2023, 2022 and 2021 is $ 16.7 million, $ 17.2 million and $ 19.3 million, respectively, of amortization using the pattern of economic benefit method. </context> | us-gaap:AmortizationOfIntangibleAssets |
Amortization of other intangibles amounted to $ 28.0 million, $ 24.7 million and $ 25.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. Included in amortization for the years ended December 31, 2023, 2022 and 2021 is $ 16.7 million, $ 17.2 million and $ 19.3 million, respectively, of amortization using the pattern of economic benefit method. | text | 16.7 | monetaryItemType | text: <entity> 16.7 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of other intangibles amounted to $ 28.0 million, $ 24.7 million and $ 25.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. Included in amortization for the years ended December 31, 2023, 2022 and 2021 is $ 16.7 million, $ 17.2 million and $ 19.3 million, respectively, of amortization using the pattern of economic benefit method. </context> | us-gaap:AmortizationOfIntangibleAssets |
Amortization of other intangibles amounted to $ 28.0 million, $ 24.7 million and $ 25.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. Included in amortization for the years ended December 31, 2023, 2022 and 2021 is $ 16.7 million, $ 17.2 million and $ 19.3 million, respectively, of amortization using the pattern of economic benefit method. | text | 17.2 | monetaryItemType | text: <entity> 17.2 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of other intangibles amounted to $ 28.0 million, $ 24.7 million and $ 25.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. Included in amortization for the years ended December 31, 2023, 2022 and 2021 is $ 16.7 million, $ 17.2 million and $ 19.3 million, respectively, of amortization using the pattern of economic benefit method. </context> | us-gaap:AmortizationOfIntangibleAssets |
Amortization of other intangibles amounted to $ 28.0 million, $ 24.7 million and $ 25.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. Included in amortization for the years ended December 31, 2023, 2022 and 2021 is $ 16.7 million, $ 17.2 million and $ 19.3 million, respectively, of amortization using the pattern of economic benefit method. | text | 19.3 | monetaryItemType | text: <entity> 19.3 </entity> <entity type> monetaryItemType </entity type> <context> Amortization of other intangibles amounted to $ 28.0 million, $ 24.7 million and $ 25.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. Included in amortization for the years ended December 31, 2023, 2022 and 2021 is $ 16.7 million, $ 17.2 million and $ 19.3 million, respectively, of amortization using the pattern of economic benefit method. </context> | us-gaap:AmortizationOfIntangibleAssets |
Other accrued expenses represent balances such as operating lease liabilities, environmental reserves, asset retirement obligations, pension obligations, interest, utilities, other taxes, among other liabilities, expected to be paid within the next 12 months. No individual component exceeds 5 % of total current liabilities. | text | 5 | percentItemType | text: <entity> 5 </entity> <entity type> percentItemType </entity type> <context> Other accrued expenses represent balances such as operating lease liabilities, environmental reserves, asset retirement obligations, pension obligations, interest, utilities, other taxes, among other liabilities, expected to be paid within the next 12 months. No individual component exceeds 5 % of total current liabilities. </context> | us-gaap:ConcentrationRiskPercentage1 |
In January 2024, the Company announced it is taking measures to unlock near term cash flow and generate long-term financial flexibility by re-phasing organic growth investments and optimizing its cost structure. As part of those actions, the Company announced headcount reductions and expects to record a charge of approximately $ 15 million to $ 20 million for severance and outplacement costs in the first quarter of 2024. The Company expects these severance payments to primarily be made during 2024. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> In January 2024, the Company announced it is taking measures to unlock near term cash flow and generate long-term financial flexibility by re-phasing organic growth investments and optimizing its cost structure. As part of those actions, the Company announced headcount reductions and expects to record a charge of approximately $ 15 million to $ 20 million for severance and outplacement costs in the first quarter of 2024. The Company expects these severance payments to primarily be made during 2024. </context> | us-gaap:SeveranceCosts1 |
In January 2024, the Company announced it is taking measures to unlock near term cash flow and generate long-term financial flexibility by re-phasing organic growth investments and optimizing its cost structure. As part of those actions, the Company announced headcount reductions and expects to record a charge of approximately $ 15 million to $ 20 million for severance and outplacement costs in the first quarter of 2024. The Company expects these severance payments to primarily be made during 2024. | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> In January 2024, the Company announced it is taking measures to unlock near term cash flow and generate long-term financial flexibility by re-phasing organic growth investments and optimizing its cost structure. As part of those actions, the Company announced headcount reductions and expects to record a charge of approximately $ 15 million to $ 20 million for severance and outplacement costs in the first quarter of 2024. The Company expects these severance payments to primarily be made during 2024. </context> | us-gaap:SeveranceCosts1 |
Aggregate annual maturities of long-term debt as of December 31, 2023 are as follows (in millions): 2024—$ 625.8 ; 2025—$ 416.5 ; 2026—$ 60.0 ; 2027—$ 710.0 ; 2028—$ 612.2 ; thereafter—$ 1,848.3 . | text | 625.8 | monetaryItemType | text: <entity> 625.8 </entity> <entity type> monetaryItemType </entity type> <context> Aggregate annual maturities of long-term debt as of December 31, 2023 are as follows (in millions): 2024—$ 625.8 ; 2025—$ 416.5 ; 2026—$ 60.0 ; 2027—$ 710.0 ; 2028—$ 612.2 ; thereafter—$ 1,848.3 . </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths |
Aggregate annual maturities of long-term debt as of December 31, 2023 are as follows (in millions): 2024—$ 625.8 ; 2025—$ 416.5 ; 2026—$ 60.0 ; 2027—$ 710.0 ; 2028—$ 612.2 ; thereafter—$ 1,848.3 . | text | 416.5 | monetaryItemType | text: <entity> 416.5 </entity> <entity type> monetaryItemType </entity type> <context> Aggregate annual maturities of long-term debt as of December 31, 2023 are as follows (in millions): 2024—$ 625.8 ; 2025—$ 416.5 ; 2026—$ 60.0 ; 2027—$ 710.0 ; 2028—$ 612.2 ; thereafter—$ 1,848.3 . </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo |
Aggregate annual maturities of long-term debt as of December 31, 2023 are as follows (in millions): 2024—$ 625.8 ; 2025—$ 416.5 ; 2026—$ 60.0 ; 2027—$ 710.0 ; 2028—$ 612.2 ; thereafter—$ 1,848.3 . | text | 60.0 | monetaryItemType | text: <entity> 60.0 </entity> <entity type> monetaryItemType </entity type> <context> Aggregate annual maturities of long-term debt as of December 31, 2023 are as follows (in millions): 2024—$ 625.8 ; 2025—$ 416.5 ; 2026—$ 60.0 ; 2027—$ 710.0 ; 2028—$ 612.2 ; thereafter—$ 1,848.3 . </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree |
Aggregate annual maturities of long-term debt as of December 31, 2023 are as follows (in millions): 2024—$ 625.8 ; 2025—$ 416.5 ; 2026—$ 60.0 ; 2027—$ 710.0 ; 2028—$ 612.2 ; thereafter—$ 1,848.3 . | text | 710.0 | monetaryItemType | text: <entity> 710.0 </entity> <entity type> monetaryItemType </entity type> <context> Aggregate annual maturities of long-term debt as of December 31, 2023 are as follows (in millions): 2024—$ 625.8 ; 2025—$ 416.5 ; 2026—$ 60.0 ; 2027—$ 710.0 ; 2028—$ 612.2 ; thereafter—$ 1,848.3 . </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour |
Aggregate annual maturities of long-term debt as of December 31, 2023 are as follows (in millions): 2024—$ 625.8 ; 2025—$ 416.5 ; 2026—$ 60.0 ; 2027—$ 710.0 ; 2028—$ 612.2 ; thereafter—$ 1,848.3 . | text | 612.2 | monetaryItemType | text: <entity> 612.2 </entity> <entity type> monetaryItemType </entity type> <context> Aggregate annual maturities of long-term debt as of December 31, 2023 are as follows (in millions): 2024—$ 625.8 ; 2025—$ 416.5 ; 2026—$ 60.0 ; 2027—$ 710.0 ; 2028—$ 612.2 ; thereafter—$ 1,848.3 . </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive |
Aggregate annual maturities of long-term debt as of December 31, 2023 are as follows (in millions): 2024—$ 625.8 ; 2025—$ 416.5 ; 2026—$ 60.0 ; 2027—$ 710.0 ; 2028—$ 612.2 ; thereafter—$ 1,848.3 . | text | 1848.3 | monetaryItemType | text: <entity> 1848.3 </entity> <entity type> monetaryItemType </entity type> <context> Aggregate annual maturities of long-term debt as of December 31, 2023 are as follows (in millions): 2024—$ 625.8 ; 2025—$ 416.5 ; 2026—$ 60.0 ; 2027—$ 710.0 ; 2028—$ 612.2 ; thereafter—$ 1,848.3 . </context> | us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive |
$ 650.0 million aggregate principal amount of senior notes, bearing interest at a rate of 4.65 % payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2022. The effective interest rate on these senior notes is approximately 4.84 %. These senior notes mature on June 1, 2027. | text | 650.0 | monetaryItemType | text: <entity> 650.0 </entity> <entity type> monetaryItemType </entity type> <context> $ 650.0 million aggregate principal amount of senior notes, bearing interest at a rate of 4.65 % payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2022. The effective interest rate on these senior notes is approximately 4.84 %. These senior notes mature on June 1, 2027. </context> | us-gaap:DebtInstrumentFaceAmount |
$ 650.0 million aggregate principal amount of senior notes, bearing interest at a rate of 4.65 % payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2022. The effective interest rate on these senior notes is approximately 4.84 %. These senior notes mature on June 1, 2027. | text | 4.65 | percentItemType | text: <entity> 4.65 </entity> <entity type> percentItemType </entity type> <context> $ 650.0 million aggregate principal amount of senior notes, bearing interest at a rate of 4.65 % payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2022. The effective interest rate on these senior notes is approximately 4.84 %. These senior notes mature on June 1, 2027. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
$ 650.0 million aggregate principal amount of senior notes, bearing interest at a rate of 4.65 % payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2022. The effective interest rate on these senior notes is approximately 4.84 %. These senior notes mature on June 1, 2027. | text | 4.84 | percentItemType | text: <entity> 4.84 </entity> <entity type> percentItemType </entity type> <context> $ 650.0 million aggregate principal amount of senior notes, bearing interest at a rate of 4.65 % payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2022. The effective interest rate on these senior notes is approximately 4.84 %. These senior notes mature on June 1, 2027. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
$ 600.0 million aggregate principal amount of senior notes, bearing interest at a rate of 5.05 % payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2022. The effective interest rate on these senior notes is approximately 5.18 %. These senior notes mature on June 1, 2032. | text | 600.0 | monetaryItemType | text: <entity> 600.0 </entity> <entity type> monetaryItemType </entity type> <context> $ 600.0 million aggregate principal amount of senior notes, bearing interest at a rate of 5.05 % payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2022. The effective interest rate on these senior notes is approximately 5.18 %. These senior notes mature on June 1, 2032. </context> | us-gaap:DebtInstrumentFaceAmount |
$ 600.0 million aggregate principal amount of senior notes, bearing interest at a rate of 5.05 % payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2022. The effective interest rate on these senior notes is approximately 5.18 %. These senior notes mature on June 1, 2032. | text | 5.05 | percentItemType | text: <entity> 5.05 </entity> <entity type> percentItemType </entity type> <context> $ 600.0 million aggregate principal amount of senior notes, bearing interest at a rate of 5.05 % payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2022. The effective interest rate on these senior notes is approximately 5.18 %. These senior notes mature on June 1, 2032. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
$ 600.0 million aggregate principal amount of senior notes, bearing interest at a rate of 5.05 % payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2022. The effective interest rate on these senior notes is approximately 5.18 %. These senior notes mature on June 1, 2032. | text | 5.18 | percentItemType | text: <entity> 5.18 </entity> <entity type> percentItemType </entity type> <context> $ 600.0 million aggregate principal amount of senior notes, bearing interest at a rate of 5.05 % payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2022. The effective interest rate on these senior notes is approximately 5.18 %. These senior notes mature on June 1, 2032. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
$ 450.0 million aggregate principal amount of senior notes, bearing interest at a rate of 5.65 % payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2022. The effective interest rate on these senior notes is approximately 5.71 %. These senior notes mature on June 1, 2052. | text | 450.0 | monetaryItemType | text: <entity> 450.0 </entity> <entity type> monetaryItemType </entity type> <context> $ 450.0 million aggregate principal amount of senior notes, bearing interest at a rate of 5.65 % payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2022. The effective interest rate on these senior notes is approximately 5.71 %. These senior notes mature on June 1, 2052. </context> | us-gaap:DebtInstrumentFaceAmount |
$ 450.0 million aggregate principal amount of senior notes, bearing interest at a rate of 5.65 % payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2022. The effective interest rate on these senior notes is approximately 5.71 %. These senior notes mature on June 1, 2052. | text | 5.65 | percentItemType | text: <entity> 5.65 </entity> <entity type> percentItemType </entity type> <context> $ 450.0 million aggregate principal amount of senior notes, bearing interest at a rate of 5.65 % payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2022. The effective interest rate on these senior notes is approximately 5.71 %. These senior notes mature on June 1, 2052. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
$ 450.0 million aggregate principal amount of senior notes, bearing interest at a rate of 5.65 % payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2022. The effective interest rate on these senior notes is approximately 5.71 %. These senior notes mature on June 1, 2052. | text | 5.71 | percentItemType | text: <entity> 5.71 </entity> <entity type> percentItemType </entity type> <context> $ 450.0 million aggregate principal amount of senior notes, bearing interest at a rate of 5.65 % payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2022. The effective interest rate on these senior notes is approximately 5.71 %. These senior notes mature on June 1, 2052. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
The net proceeds from the issuance of the 2022 Notes were used to repay the balance of the commercial paper notes, the remaining balance of $ 425.0 million of the 4.15 % Senior Notes due 2024 (the “2024 Notes”) and for general corporate purposes. The 2024 Notes were originally due to mature on December 15, 2024 and bore interest at a rate of 4.15 %. During the year ended December 31, 2022, the Company recorded a loss on early extinguishment of debt of $ 19.2 million in Interest and financing expenses, representing the tender premiums, fees, unamortized discounts and unamortized deferred financing costs from the redemption of the 2024 Notes. In addition, the loss on early extinguishment of debt includes the accelerated amortization of the interest rate swap associated with the 2024 Notes from Accumulated other comprehensive income. | text | 425.0 | monetaryItemType | text: <entity> 425.0 </entity> <entity type> monetaryItemType </entity type> <context> The net proceeds from the issuance of the 2022 Notes were used to repay the balance of the commercial paper notes, the remaining balance of $ 425.0 million of the 4.15 % Senior Notes due 2024 (the “2024 Notes”) and for general corporate purposes. The 2024 Notes were originally due to mature on December 15, 2024 and bore interest at a rate of 4.15 %. During the year ended December 31, 2022, the Company recorded a loss on early extinguishment of debt of $ 19.2 million in Interest and financing expenses, representing the tender premiums, fees, unamortized discounts and unamortized deferred financing costs from the redemption of the 2024 Notes. In addition, the loss on early extinguishment of debt includes the accelerated amortization of the interest rate swap associated with the 2024 Notes from Accumulated other comprehensive income. </context> | us-gaap:DebtInstrumentFaceAmount |
The net proceeds from the issuance of the 2022 Notes were used to repay the balance of the commercial paper notes, the remaining balance of $ 425.0 million of the 4.15 % Senior Notes due 2024 (the “2024 Notes”) and for general corporate purposes. The 2024 Notes were originally due to mature on December 15, 2024 and bore interest at a rate of 4.15 %. During the year ended December 31, 2022, the Company recorded a loss on early extinguishment of debt of $ 19.2 million in Interest and financing expenses, representing the tender premiums, fees, unamortized discounts and unamortized deferred financing costs from the redemption of the 2024 Notes. In addition, the loss on early extinguishment of debt includes the accelerated amortization of the interest rate swap associated with the 2024 Notes from Accumulated other comprehensive income. | text | 4.15 | percentItemType | text: <entity> 4.15 </entity> <entity type> percentItemType </entity type> <context> The net proceeds from the issuance of the 2022 Notes were used to repay the balance of the commercial paper notes, the remaining balance of $ 425.0 million of the 4.15 % Senior Notes due 2024 (the “2024 Notes”) and for general corporate purposes. The 2024 Notes were originally due to mature on December 15, 2024 and bore interest at a rate of 4.15 %. During the year ended December 31, 2022, the Company recorded a loss on early extinguishment of debt of $ 19.2 million in Interest and financing expenses, representing the tender premiums, fees, unamortized discounts and unamortized deferred financing costs from the redemption of the 2024 Notes. In addition, the loss on early extinguishment of debt includes the accelerated amortization of the interest rate swap associated with the 2024 Notes from Accumulated other comprehensive income. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
The net proceeds from the issuance of the 2022 Notes were used to repay the balance of the commercial paper notes, the remaining balance of $ 425.0 million of the 4.15 % Senior Notes due 2024 (the “2024 Notes”) and for general corporate purposes. The 2024 Notes were originally due to mature on December 15, 2024 and bore interest at a rate of 4.15 %. During the year ended December 31, 2022, the Company recorded a loss on early extinguishment of debt of $ 19.2 million in Interest and financing expenses, representing the tender premiums, fees, unamortized discounts and unamortized deferred financing costs from the redemption of the 2024 Notes. In addition, the loss on early extinguishment of debt includes the accelerated amortization of the interest rate swap associated with the 2024 Notes from Accumulated other comprehensive income. | text | 19.2 | monetaryItemType | text: <entity> 19.2 </entity> <entity type> monetaryItemType </entity type> <context> The net proceeds from the issuance of the 2022 Notes were used to repay the balance of the commercial paper notes, the remaining balance of $ 425.0 million of the 4.15 % Senior Notes due 2024 (the “2024 Notes”) and for general corporate purposes. The 2024 Notes were originally due to mature on December 15, 2024 and bore interest at a rate of 4.15 %. During the year ended December 31, 2022, the Company recorded a loss on early extinguishment of debt of $ 19.2 million in Interest and financing expenses, representing the tender premiums, fees, unamortized discounts and unamortized deferred financing costs from the redemption of the 2024 Notes. In addition, the loss on early extinguishment of debt includes the accelerated amortization of the interest rate swap associated with the 2024 Notes from Accumulated other comprehensive income. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
$ 200.0 million aggregate principal amount of notes, bearing interest at a floating rate, which were fully repaid in the first quarter of 2021, as noted below. | text | 200.0 | monetaryItemType | text: <entity> 200.0 </entity> <entity type> monetaryItemType </entity type> <context> $ 200.0 million aggregate principal amount of notes, bearing interest at a floating rate, which were fully repaid in the first quarter of 2021, as noted below. </context> | us-gaap:DebtInstrumentFaceAmount |
€ 500.0 million aggregate principal amount of notes, bearing interest at a rate of 1.125 % payable annually on November 25 of each year, beginning in 2020. The effective interest rate on these notes is approximately 1.30 %. These notes mature on November 25, 2025. These notes were partially repaid in the first quarter of 2021, as noted below. | text | 500.0 | monetaryItemType | text: <entity> 500.0 </entity> <entity type> monetaryItemType </entity type> <context> € 500.0 million aggregate principal amount of notes, bearing interest at a rate of 1.125 % payable annually on November 25 of each year, beginning in 2020. The effective interest rate on these notes is approximately 1.30 %. These notes mature on November 25, 2025. These notes were partially repaid in the first quarter of 2021, as noted below. </context> | us-gaap:DebtInstrumentFaceAmount |
€ 500.0 million aggregate principal amount of notes, bearing interest at a rate of 1.125 % payable annually on November 25 of each year, beginning in 2020. The effective interest rate on these notes is approximately 1.30 %. These notes mature on November 25, 2025. These notes were partially repaid in the first quarter of 2021, as noted below. | text | 1.125 | percentItemType | text: <entity> 1.125 </entity> <entity type> percentItemType </entity type> <context> € 500.0 million aggregate principal amount of notes, bearing interest at a rate of 1.125 % payable annually on November 25 of each year, beginning in 2020. The effective interest rate on these notes is approximately 1.30 %. These notes mature on November 25, 2025. These notes were partially repaid in the first quarter of 2021, as noted below. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
€ 500.0 million aggregate principal amount of notes, bearing interest at a rate of 1.125 % payable annually on November 25 of each year, beginning in 2020. The effective interest rate on these notes is approximately 1.30 %. These notes mature on November 25, 2025. These notes were partially repaid in the first quarter of 2021, as noted below. | text | 1.30 | percentItemType | text: <entity> 1.30 </entity> <entity type> percentItemType </entity type> <context> € 500.0 million aggregate principal amount of notes, bearing interest at a rate of 1.125 % payable annually on November 25 of each year, beginning in 2020. The effective interest rate on these notes is approximately 1.30 %. These notes mature on November 25, 2025. These notes were partially repaid in the first quarter of 2021, as noted below. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
€ 500.0 million aggregate principal amount of notes, bearing interest at a rate of 1.625 % payable annually on November 25 of each year, beginning in 2020. The effective interest rate on these notes is approximately 1.74 %. These notes mature on November 25, 2028. | text | 500.0 | monetaryItemType | text: <entity> 500.0 </entity> <entity type> monetaryItemType </entity type> <context> € 500.0 million aggregate principal amount of notes, bearing interest at a rate of 1.625 % payable annually on November 25 of each year, beginning in 2020. The effective interest rate on these notes is approximately 1.74 %. These notes mature on November 25, 2028. </context> | us-gaap:DebtInstrumentFaceAmount |
€ 500.0 million aggregate principal amount of notes, bearing interest at a rate of 1.625 % payable annually on November 25 of each year, beginning in 2020. The effective interest rate on these notes is approximately 1.74 %. These notes mature on November 25, 2028. | text | 1.625 | percentItemType | text: <entity> 1.625 </entity> <entity type> percentItemType </entity type> <context> € 500.0 million aggregate principal amount of notes, bearing interest at a rate of 1.625 % payable annually on November 25 of each year, beginning in 2020. The effective interest rate on these notes is approximately 1.74 %. These notes mature on November 25, 2028. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
€ 500.0 million aggregate principal amount of notes, bearing interest at a rate of 1.625 % payable annually on November 25 of each year, beginning in 2020. The effective interest rate on these notes is approximately 1.74 %. These notes mature on November 25, 2028. | text | 1.74 | percentItemType | text: <entity> 1.74 </entity> <entity type> percentItemType </entity type> <context> € 500.0 million aggregate principal amount of notes, bearing interest at a rate of 1.625 % payable annually on November 25 of each year, beginning in 2020. The effective interest rate on these notes is approximately 1.74 %. These notes mature on November 25, 2028. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
$ 300.0 million aggregate principal amount of senior notes, bearing interest at a rate of 3.45 % payable semi-annually on May 15 and November 15 of each year, beginning in 2020. The effective interest rate on these senior notes is approximately 3.58 %. These senior notes mature on November 15, 2029. These notes were partially repaid in the first quarter of 2021, as noted below. | text | 300.0 | monetaryItemType | text: <entity> 300.0 </entity> <entity type> monetaryItemType </entity type> <context> $ 300.0 million aggregate principal amount of senior notes, bearing interest at a rate of 3.45 % payable semi-annually on May 15 and November 15 of each year, beginning in 2020. The effective interest rate on these senior notes is approximately 3.58 %. These senior notes mature on November 15, 2029. These notes were partially repaid in the first quarter of 2021, as noted below. </context> | us-gaap:DebtInstrumentFaceAmount |
$ 300.0 million aggregate principal amount of senior notes, bearing interest at a rate of 3.45 % payable semi-annually on May 15 and November 15 of each year, beginning in 2020. The effective interest rate on these senior notes is approximately 3.58 %. These senior notes mature on November 15, 2029. These notes were partially repaid in the first quarter of 2021, as noted below. | text | 3.45 | percentItemType | text: <entity> 3.45 </entity> <entity type> percentItemType </entity type> <context> $ 300.0 million aggregate principal amount of senior notes, bearing interest at a rate of 3.45 % payable semi-annually on May 15 and November 15 of each year, beginning in 2020. The effective interest rate on these senior notes is approximately 3.58 %. These senior notes mature on November 15, 2029. These notes were partially repaid in the first quarter of 2021, as noted below. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
$ 300.0 million aggregate principal amount of senior notes, bearing interest at a rate of 3.45 % payable semi-annually on May 15 and November 15 of each year, beginning in 2020. The effective interest rate on these senior notes is approximately 3.58 %. These senior notes mature on November 15, 2029. These notes were partially repaid in the first quarter of 2021, as noted below. | text | 3.58 | percentItemType | text: <entity> 3.58 </entity> <entity type> percentItemType </entity type> <context> $ 300.0 million aggregate principal amount of senior notes, bearing interest at a rate of 3.45 % payable semi-annually on May 15 and November 15 of each year, beginning in 2020. The effective interest rate on these senior notes is approximately 3.58 %. These senior notes mature on November 15, 2029. These notes were partially repaid in the first quarter of 2021, as noted below. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
We currently have outstanding $ 350.0 million aggregate principal amount of senior notes issued on November 24, 2014, bearing interest at a rate of 5.45 % payable semi-annually on June 1 and December 1 of each year, beginning June 1, 2015. The effective interest rate on these senior notes is approximately 5.50 %. These senior notes mature on December 1, 2044. | text | 350.0 | monetaryItemType | text: <entity> 350.0 </entity> <entity type> monetaryItemType </entity type> <context> We currently have outstanding $ 350.0 million aggregate principal amount of senior notes issued on November 24, 2014, bearing interest at a rate of 5.45 % payable semi-annually on June 1 and December 1 of each year, beginning June 1, 2015. The effective interest rate on these senior notes is approximately 5.50 %. These senior notes mature on December 1, 2044. </context> | us-gaap:DebtInstrumentFaceAmount |
We currently have outstanding $ 350.0 million aggregate principal amount of senior notes issued on November 24, 2014, bearing interest at a rate of 5.45 % payable semi-annually on June 1 and December 1 of each year, beginning June 1, 2015. The effective interest rate on these senior notes is approximately 5.50 %. These senior notes mature on December 1, 2044. | text | 5.45 | percentItemType | text: <entity> 5.45 </entity> <entity type> percentItemType </entity type> <context> We currently have outstanding $ 350.0 million aggregate principal amount of senior notes issued on November 24, 2014, bearing interest at a rate of 5.45 % payable semi-annually on June 1 and December 1 of each year, beginning June 1, 2015. The effective interest rate on these senior notes is approximately 5.50 %. These senior notes mature on December 1, 2044. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
We currently have outstanding $ 350.0 million aggregate principal amount of senior notes issued on November 24, 2014, bearing interest at a rate of 5.45 % payable semi-annually on June 1 and December 1 of each year, beginning June 1, 2015. The effective interest rate on these senior notes is approximately 5.50 %. These senior notes mature on December 1, 2044. | text | 5.50 | percentItemType | text: <entity> 5.50 </entity> <entity type> percentItemType </entity type> <context> We currently have outstanding $ 350.0 million aggregate principal amount of senior notes issued on November 24, 2014, bearing interest at a rate of 5.45 % payable semi-annually on June 1 and December 1 of each year, beginning June 1, 2015. The effective interest rate on these senior notes is approximately 5.50 %. These senior notes mature on December 1, 2044. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
In the first quarter of 2021, the Company made certain debt principal payments using proceeds from the February 2021 underwritten public offering of common stock. As a result, included in Interest and financing expenses for the year ended December 31, 2021 is a loss on early extinguishment of debt of $ 29.0 million representing the tender premiums, fees, unamortized discounts and unamortized deferred financing costs from the redemption of this debt. | text | 29.0 | monetaryItemType | text: <entity> 29.0 </entity> <entity type> monetaryItemType </entity type> <context> In the first quarter of 2021, the Company made certain debt principal payments using proceeds from the February 2021 underwritten public offering of common stock. As a result, included in Interest and financing expenses for the year ended December 31, 2021 is a loss on early extinguishment of debt of $ 29.0 million representing the tender premiums, fees, unamortized discounts and unamortized deferred financing costs from the redemption of this debt. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
On January 22, 2014, we entered into a pay fixed, receive variable rate forward starting interest rate swap, with a notional amount of $ 325.0 million, with J.P. Morgan Chase Bank, N.A., to be effective October 15, 2014. Our risk management objective and strategy for undertaking this hedge was to eliminate the variability in the interest rate and partial credit spread on the 20 future semi-annual coupon payments that were to be paid in connection with the 2024 Notes. On October 15, 2014, the swap was settled, resulting in a payment to the counterparty of $ 33.4 million. This amount was recorded in Accumulated other comprehensive loss and was to be amortized to interest expense over the life of the 2024 Notes. As noted above, the 2024 Notes were repaid in the second quarter of 2022, and as a result, the unamortized balance of this interest rate swap was reclassified to interest expense during the same period as part of the early extinguishment of debt. | text | 325.0 | monetaryItemType | text: <entity> 325.0 </entity> <entity type> monetaryItemType </entity type> <context> On January 22, 2014, we entered into a pay fixed, receive variable rate forward starting interest rate swap, with a notional amount of $ 325.0 million, with J.P. Morgan Chase Bank, N.A., to be effective October 15, 2014. Our risk management objective and strategy for undertaking this hedge was to eliminate the variability in the interest rate and partial credit spread on the 20 future semi-annual coupon payments that were to be paid in connection with the 2024 Notes. On October 15, 2014, the swap was settled, resulting in a payment to the counterparty of $ 33.4 million. This amount was recorded in Accumulated other comprehensive loss and was to be amortized to interest expense over the life of the 2024 Notes. As noted above, the 2024 Notes were repaid in the second quarter of 2022, and as a result, the unamortized balance of this interest rate swap was reclassified to interest expense during the same period as part of the early extinguishment of debt. </context> | us-gaap:DerivativeNotionalAmount |
Prior to repayment in the first quarter of 2021, the carrying value of the 1.875 % Euro-denominated senior notes was designated as an effective hedge of our net investment in certain foreign subsidiaries where the Euro serves as the functional currency, and gains or losses on the revaluation of these senior notes to our reporting currency were recorded in accumulated other comprehensive loss. Upon repayment of these notes, this net investment hedge was discontinued. The balance of foreign exchange revaluation gains and losses associated with this discontinued net investment hedge will remain within accumulated other comprehensive loss until the hedged net investment is sold or liquidated. Prior to the net investment hedge being discontinued a gain of $ 5.1 million (net of income taxes), during the year ended December 31, 2021, was recorded in Accumulated other comprehensive loss. | text | 1.875 | percentItemType | text: <entity> 1.875 </entity> <entity type> percentItemType </entity type> <context> Prior to repayment in the first quarter of 2021, the carrying value of the 1.875 % Euro-denominated senior notes was designated as an effective hedge of our net investment in certain foreign subsidiaries where the Euro serves as the functional currency, and gains or losses on the revaluation of these senior notes to our reporting currency were recorded in accumulated other comprehensive loss. Upon repayment of these notes, this net investment hedge was discontinued. The balance of foreign exchange revaluation gains and losses associated with this discontinued net investment hedge will remain within accumulated other comprehensive loss until the hedged net investment is sold or liquidated. Prior to the net investment hedge being discontinued a gain of $ 5.1 million (net of income taxes), during the year ended December 31, 2021, was recorded in Accumulated other comprehensive loss. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
Prior to repayment in the first quarter of 2021, the carrying value of the 1.875 % Euro-denominated senior notes was designated as an effective hedge of our net investment in certain foreign subsidiaries where the Euro serves as the functional currency, and gains or losses on the revaluation of these senior notes to our reporting currency were recorded in accumulated other comprehensive loss. Upon repayment of these notes, this net investment hedge was discontinued. The balance of foreign exchange revaluation gains and losses associated with this discontinued net investment hedge will remain within accumulated other comprehensive loss until the hedged net investment is sold or liquidated. Prior to the net investment hedge being discontinued a gain of $ 5.1 million (net of income taxes), during the year ended December 31, 2021, was recorded in Accumulated other comprehensive loss. | text | 5.1 | monetaryItemType | text: <entity> 5.1 </entity> <entity type> monetaryItemType </entity type> <context> Prior to repayment in the first quarter of 2021, the carrying value of the 1.875 % Euro-denominated senior notes was designated as an effective hedge of our net investment in certain foreign subsidiaries where the Euro serves as the functional currency, and gains or losses on the revaluation of these senior notes to our reporting currency were recorded in accumulated other comprehensive loss. Upon repayment of these notes, this net investment hedge was discontinued. The balance of foreign exchange revaluation gains and losses associated with this discontinued net investment hedge will remain within accumulated other comprehensive loss until the hedged net investment is sold or liquidated. Prior to the net investment hedge being discontinued a gain of $ 5.1 million (net of income taxes), during the year ended December 31, 2021, was recorded in Accumulated other comprehensive loss. </context> | us-gaap:OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax |
Given the current economic conditions, specifically around the market pricing of lithium, and the related impact on the Company’s future earnings, on February 9, 2024 we amended our revolving, unsecured amended and restated credit agreement dated October 28, 2022 (the “2022 Credit Agreement”), which provides for borrowings of up to $ 1.5 billion and matures on October 28, 2027. Borrowings under the 2022 Credit Agreement bear interest at variable rates based on a benchmark rate depending on the currency in which the loans are denominated, plus an applicable margin which ranges from 0.910 % to 1.375 %, depending on the Company’s credit rating from Standard & Poor’s Ratings Services LLC (“S&P”), Moody’s Investors Services, Inc. (“Moody’s”) and Fitch Ratings, Inc. (“Fitch”). With respect to loans denominated in U.S. dollars, interest is calculated using the term Secured Overnight Financing Rate (“SOFR”) plus a term SOFR adjustment of 0.10 %, plus the applicable margin. The applicable margin on the facility was 1.125 % as of December 31, 2023. There were no borrowings outstanding under the 2022 Credit Agreement as of December 31, 2023. | text | 1.5 | monetaryItemType | text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> Given the current economic conditions, specifically around the market pricing of lithium, and the related impact on the Company’s future earnings, on February 9, 2024 we amended our revolving, unsecured amended and restated credit agreement dated October 28, 2022 (the “2022 Credit Agreement”), which provides for borrowings of up to $ 1.5 billion and matures on October 28, 2027. Borrowings under the 2022 Credit Agreement bear interest at variable rates based on a benchmark rate depending on the currency in which the loans are denominated, plus an applicable margin which ranges from 0.910 % to 1.375 %, depending on the Company’s credit rating from Standard & Poor’s Ratings Services LLC (“S&P”), Moody’s Investors Services, Inc. (“Moody’s”) and Fitch Ratings, Inc. (“Fitch”). With respect to loans denominated in U.S. dollars, interest is calculated using the term Secured Overnight Financing Rate (“SOFR”) plus a term SOFR adjustment of 0.10 %, plus the applicable margin. The applicable margin on the facility was 1.125 % as of December 31, 2023. There were no borrowings outstanding under the 2022 Credit Agreement as of December 31, 2023. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
Given the current economic conditions, specifically around the market pricing of lithium, and the related impact on the Company’s future earnings, on February 9, 2024 we amended our revolving, unsecured amended and restated credit agreement dated October 28, 2022 (the “2022 Credit Agreement”), which provides for borrowings of up to $ 1.5 billion and matures on October 28, 2027. Borrowings under the 2022 Credit Agreement bear interest at variable rates based on a benchmark rate depending on the currency in which the loans are denominated, plus an applicable margin which ranges from 0.910 % to 1.375 %, depending on the Company’s credit rating from Standard & Poor’s Ratings Services LLC (“S&P”), Moody’s Investors Services, Inc. (“Moody’s”) and Fitch Ratings, Inc. (“Fitch”). With respect to loans denominated in U.S. dollars, interest is calculated using the term Secured Overnight Financing Rate (“SOFR”) plus a term SOFR adjustment of 0.10 %, plus the applicable margin. The applicable margin on the facility was 1.125 % as of December 31, 2023. There were no borrowings outstanding under the 2022 Credit Agreement as of December 31, 2023. | text | 0.910 | percentItemType | text: <entity> 0.910 </entity> <entity type> percentItemType </entity type> <context> Given the current economic conditions, specifically around the market pricing of lithium, and the related impact on the Company’s future earnings, on February 9, 2024 we amended our revolving, unsecured amended and restated credit agreement dated October 28, 2022 (the “2022 Credit Agreement”), which provides for borrowings of up to $ 1.5 billion and matures on October 28, 2027. Borrowings under the 2022 Credit Agreement bear interest at variable rates based on a benchmark rate depending on the currency in which the loans are denominated, plus an applicable margin which ranges from 0.910 % to 1.375 %, depending on the Company’s credit rating from Standard & Poor’s Ratings Services LLC (“S&P”), Moody’s Investors Services, Inc. (“Moody’s”) and Fitch Ratings, Inc. (“Fitch”). With respect to loans denominated in U.S. dollars, interest is calculated using the term Secured Overnight Financing Rate (“SOFR”) plus a term SOFR adjustment of 0.10 %, plus the applicable margin. The applicable margin on the facility was 1.125 % as of December 31, 2023. There were no borrowings outstanding under the 2022 Credit Agreement as of December 31, 2023. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
Given the current economic conditions, specifically around the market pricing of lithium, and the related impact on the Company’s future earnings, on February 9, 2024 we amended our revolving, unsecured amended and restated credit agreement dated October 28, 2022 (the “2022 Credit Agreement”), which provides for borrowings of up to $ 1.5 billion and matures on October 28, 2027. Borrowings under the 2022 Credit Agreement bear interest at variable rates based on a benchmark rate depending on the currency in which the loans are denominated, plus an applicable margin which ranges from 0.910 % to 1.375 %, depending on the Company’s credit rating from Standard & Poor’s Ratings Services LLC (“S&P”), Moody’s Investors Services, Inc. (“Moody’s”) and Fitch Ratings, Inc. (“Fitch”). With respect to loans denominated in U.S. dollars, interest is calculated using the term Secured Overnight Financing Rate (“SOFR”) plus a term SOFR adjustment of 0.10 %, plus the applicable margin. The applicable margin on the facility was 1.125 % as of December 31, 2023. There were no borrowings outstanding under the 2022 Credit Agreement as of December 31, 2023. | text | 1.375 | percentItemType | text: <entity> 1.375 </entity> <entity type> percentItemType </entity type> <context> Given the current economic conditions, specifically around the market pricing of lithium, and the related impact on the Company’s future earnings, on February 9, 2024 we amended our revolving, unsecured amended and restated credit agreement dated October 28, 2022 (the “2022 Credit Agreement”), which provides for borrowings of up to $ 1.5 billion and matures on October 28, 2027. Borrowings under the 2022 Credit Agreement bear interest at variable rates based on a benchmark rate depending on the currency in which the loans are denominated, plus an applicable margin which ranges from 0.910 % to 1.375 %, depending on the Company’s credit rating from Standard & Poor’s Ratings Services LLC (“S&P”), Moody’s Investors Services, Inc. (“Moody’s”) and Fitch Ratings, Inc. (“Fitch”). With respect to loans denominated in U.S. dollars, interest is calculated using the term Secured Overnight Financing Rate (“SOFR”) plus a term SOFR adjustment of 0.10 %, plus the applicable margin. The applicable margin on the facility was 1.125 % as of December 31, 2023. There were no borrowings outstanding under the 2022 Credit Agreement as of December 31, 2023. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
Given the current economic conditions, specifically around the market pricing of lithium, and the related impact on the Company’s future earnings, on February 9, 2024 we amended our revolving, unsecured amended and restated credit agreement dated October 28, 2022 (the “2022 Credit Agreement”), which provides for borrowings of up to $ 1.5 billion and matures on October 28, 2027. Borrowings under the 2022 Credit Agreement bear interest at variable rates based on a benchmark rate depending on the currency in which the loans are denominated, plus an applicable margin which ranges from 0.910 % to 1.375 %, depending on the Company’s credit rating from Standard & Poor’s Ratings Services LLC (“S&P”), Moody’s Investors Services, Inc. (“Moody’s”) and Fitch Ratings, Inc. (“Fitch”). With respect to loans denominated in U.S. dollars, interest is calculated using the term Secured Overnight Financing Rate (“SOFR”) plus a term SOFR adjustment of 0.10 %, plus the applicable margin. The applicable margin on the facility was 1.125 % as of December 31, 2023. There were no borrowings outstanding under the 2022 Credit Agreement as of December 31, 2023. | text | 0.10 | percentItemType | text: <entity> 0.10 </entity> <entity type> percentItemType </entity type> <context> Given the current economic conditions, specifically around the market pricing of lithium, and the related impact on the Company’s future earnings, on February 9, 2024 we amended our revolving, unsecured amended and restated credit agreement dated October 28, 2022 (the “2022 Credit Agreement”), which provides for borrowings of up to $ 1.5 billion and matures on October 28, 2027. Borrowings under the 2022 Credit Agreement bear interest at variable rates based on a benchmark rate depending on the currency in which the loans are denominated, plus an applicable margin which ranges from 0.910 % to 1.375 %, depending on the Company’s credit rating from Standard & Poor’s Ratings Services LLC (“S&P”), Moody’s Investors Services, Inc. (“Moody’s”) and Fitch Ratings, Inc. (“Fitch”). With respect to loans denominated in U.S. dollars, interest is calculated using the term Secured Overnight Financing Rate (“SOFR”) plus a term SOFR adjustment of 0.10 %, plus the applicable margin. The applicable margin on the facility was 1.125 % as of December 31, 2023. There were no borrowings outstanding under the 2022 Credit Agreement as of December 31, 2023. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
Given the current economic conditions, specifically around the market pricing of lithium, and the related impact on the Company’s future earnings, on February 9, 2024 we amended our revolving, unsecured amended and restated credit agreement dated October 28, 2022 (the “2022 Credit Agreement”), which provides for borrowings of up to $ 1.5 billion and matures on October 28, 2027. Borrowings under the 2022 Credit Agreement bear interest at variable rates based on a benchmark rate depending on the currency in which the loans are denominated, plus an applicable margin which ranges from 0.910 % to 1.375 %, depending on the Company’s credit rating from Standard & Poor’s Ratings Services LLC (“S&P”), Moody’s Investors Services, Inc. (“Moody’s”) and Fitch Ratings, Inc. (“Fitch”). With respect to loans denominated in U.S. dollars, interest is calculated using the term Secured Overnight Financing Rate (“SOFR”) plus a term SOFR adjustment of 0.10 %, plus the applicable margin. The applicable margin on the facility was 1.125 % as of December 31, 2023. There were no borrowings outstanding under the 2022 Credit Agreement as of December 31, 2023. | text | 1.125 | percentItemType | text: <entity> 1.125 </entity> <entity type> percentItemType </entity type> <context> Given the current economic conditions, specifically around the market pricing of lithium, and the related impact on the Company’s future earnings, on February 9, 2024 we amended our revolving, unsecured amended and restated credit agreement dated October 28, 2022 (the “2022 Credit Agreement”), which provides for borrowings of up to $ 1.5 billion and matures on October 28, 2027. Borrowings under the 2022 Credit Agreement bear interest at variable rates based on a benchmark rate depending on the currency in which the loans are denominated, plus an applicable margin which ranges from 0.910 % to 1.375 %, depending on the Company’s credit rating from Standard & Poor’s Ratings Services LLC (“S&P”), Moody’s Investors Services, Inc. (“Moody’s”) and Fitch Ratings, Inc. (“Fitch”). With respect to loans denominated in U.S. dollars, interest is calculated using the term Secured Overnight Financing Rate (“SOFR”) plus a term SOFR adjustment of 0.10 %, plus the applicable margin. The applicable margin on the facility was 1.125 % as of December 31, 2023. There were no borrowings outstanding under the 2022 Credit Agreement as of December 31, 2023. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
Given the current economic conditions, specifically around the market pricing of lithium, and the related impact on the Company’s future earnings, on February 9, 2024 we amended our revolving, unsecured amended and restated credit agreement dated October 28, 2022 (the “2022 Credit Agreement”), which provides for borrowings of up to $ 1.5 billion and matures on October 28, 2027. Borrowings under the 2022 Credit Agreement bear interest at variable rates based on a benchmark rate depending on the currency in which the loans are denominated, plus an applicable margin which ranges from 0.910 % to 1.375 %, depending on the Company’s credit rating from Standard & Poor’s Ratings Services LLC (“S&P”), Moody’s Investors Services, Inc. (“Moody’s”) and Fitch Ratings, Inc. (“Fitch”). With respect to loans denominated in U.S. dollars, interest is calculated using the term Secured Overnight Financing Rate (“SOFR”) plus a term SOFR adjustment of 0.10 %, plus the applicable margin. The applicable margin on the facility was 1.125 % as of December 31, 2023. There were no borrowings outstanding under the 2022 Credit Agreement as of December 31, 2023. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> Given the current economic conditions, specifically around the market pricing of lithium, and the related impact on the Company’s future earnings, on February 9, 2024 we amended our revolving, unsecured amended and restated credit agreement dated October 28, 2022 (the “2022 Credit Agreement”), which provides for borrowings of up to $ 1.5 billion and matures on October 28, 2027. Borrowings under the 2022 Credit Agreement bear interest at variable rates based on a benchmark rate depending on the currency in which the loans are denominated, plus an applicable margin which ranges from 0.910 % to 1.375 %, depending on the Company’s credit rating from Standard & Poor’s Ratings Services LLC (“S&P”), Moody’s Investors Services, Inc. (“Moody’s”) and Fitch Ratings, Inc. (“Fitch”). With respect to loans denominated in U.S. dollars, interest is calculated using the term Secured Overnight Financing Rate (“SOFR”) plus a term SOFR adjustment of 0.10 %, plus the applicable margin. The applicable margin on the facility was 1.125 % as of December 31, 2023. There were no borrowings outstanding under the 2022 Credit Agreement as of December 31, 2023. </context> | us-gaap:LineOfCredit |
On August 14, 2019, the Company entered into a $ 1.2 billion unsecured credit facility with several banks and other financial institutions, which was amended and restated on December 15, 2020 and again on December 10, 2021 (the “2019 Credit Facility”). On October 24, 2022, the 2019 Credit Facility was terminated, with the outstanding balance of $ 250 million repaid using cash on hand. | text | 1.2 | monetaryItemType | text: <entity> 1.2 </entity> <entity type> monetaryItemType </entity type> <context> On August 14, 2019, the Company entered into a $ 1.2 billion unsecured credit facility with several banks and other financial institutions, which was amended and restated on December 15, 2020 and again on December 10, 2021 (the “2019 Credit Facility”). On October 24, 2022, the 2019 Credit Facility was terminated, with the outstanding balance of $ 250 million repaid using cash on hand. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
On August 14, 2019, the Company entered into a $ 1.2 billion unsecured credit facility with several banks and other financial institutions, which was amended and restated on December 15, 2020 and again on December 10, 2021 (the “2019 Credit Facility”). On October 24, 2022, the 2019 Credit Facility was terminated, with the outstanding balance of $ 250 million repaid using cash on hand. | text | 250 | monetaryItemType | text: <entity> 250 </entity> <entity type> monetaryItemType </entity type> <context> On August 14, 2019, the Company entered into a $ 1.2 billion unsecured credit facility with several banks and other financial institutions, which was amended and restated on December 15, 2020 and again on December 10, 2021 (the “2019 Credit Facility”). On October 24, 2022, the 2019 Credit Facility was terminated, with the outstanding balance of $ 250 million repaid using cash on hand. </context> | us-gaap:RepaymentsOfLinesOfCredit |
On May 29, 2013, we entered into agreements to initiate a commercial paper program on a private placement basis under which we may issue unsecured commercial paper notes (the “Commercial Paper Notes”) from time-to-time. On May 17, 2023, we entered into definitive documentation to increase the size of our existing commercial paper program. The maximum aggregate face amount of Commercial Paper Notes outstanding at any time is $ 1.5 billion (up from $ 750 million prior to the increase). The proceeds from the issuance of the Commercial Paper Notes are expected to be used for general corporate purposes, including the repayment of other debt of the Company. The 2022 Credit Agreement is available to repay the Commercial Paper Notes, if necessary. Aggregate borrowings outstanding under the 2022 Credit Agreement and the Commercial Paper Notes will not exceed the $ 1.5 billion current maximum amount available under the 2022 Credit Agreement. The Commercial Paper Notes will be sold at a discount from par, or alternatively, will be sold at par and bear interest at rates that will vary based upon market conditions at the time of issuance. The maturities of the Commercial Paper Notes will vary but may not exceed 397 days. At December 31, 2023, we had $ 620.0 million of Commercial Paper Notes outstanding bearing a | text | 1.5 | monetaryItemType | text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> On May 29, 2013, we entered into agreements to initiate a commercial paper program on a private placement basis under which we may issue unsecured commercial paper notes (the “Commercial Paper Notes”) from time-to-time. On May 17, 2023, we entered into definitive documentation to increase the size of our existing commercial paper program. The maximum aggregate face amount of Commercial Paper Notes outstanding at any time is $ 1.5 billion (up from $ 750 million prior to the increase). The proceeds from the issuance of the Commercial Paper Notes are expected to be used for general corporate purposes, including the repayment of other debt of the Company. The 2022 Credit Agreement is available to repay the Commercial Paper Notes, if necessary. Aggregate borrowings outstanding under the 2022 Credit Agreement and the Commercial Paper Notes will not exceed the $ 1.5 billion current maximum amount available under the 2022 Credit Agreement. The Commercial Paper Notes will be sold at a discount from par, or alternatively, will be sold at par and bear interest at rates that will vary based upon market conditions at the time of issuance. The maturities of the Commercial Paper Notes will vary but may not exceed 397 days. At December 31, 2023, we had $ 620.0 million of Commercial Paper Notes outstanding bearing a </context> | us-gaap:CommercialPaper |
On May 29, 2013, we entered into agreements to initiate a commercial paper program on a private placement basis under which we may issue unsecured commercial paper notes (the “Commercial Paper Notes”) from time-to-time. On May 17, 2023, we entered into definitive documentation to increase the size of our existing commercial paper program. The maximum aggregate face amount of Commercial Paper Notes outstanding at any time is $ 1.5 billion (up from $ 750 million prior to the increase). The proceeds from the issuance of the Commercial Paper Notes are expected to be used for general corporate purposes, including the repayment of other debt of the Company. The 2022 Credit Agreement is available to repay the Commercial Paper Notes, if necessary. Aggregate borrowings outstanding under the 2022 Credit Agreement and the Commercial Paper Notes will not exceed the $ 1.5 billion current maximum amount available under the 2022 Credit Agreement. The Commercial Paper Notes will be sold at a discount from par, or alternatively, will be sold at par and bear interest at rates that will vary based upon market conditions at the time of issuance. The maturities of the Commercial Paper Notes will vary but may not exceed 397 days. At December 31, 2023, we had $ 620.0 million of Commercial Paper Notes outstanding bearing a | text | 750 | monetaryItemType | text: <entity> 750 </entity> <entity type> monetaryItemType </entity type> <context> On May 29, 2013, we entered into agreements to initiate a commercial paper program on a private placement basis under which we may issue unsecured commercial paper notes (the “Commercial Paper Notes”) from time-to-time. On May 17, 2023, we entered into definitive documentation to increase the size of our existing commercial paper program. The maximum aggregate face amount of Commercial Paper Notes outstanding at any time is $ 1.5 billion (up from $ 750 million prior to the increase). The proceeds from the issuance of the Commercial Paper Notes are expected to be used for general corporate purposes, including the repayment of other debt of the Company. The 2022 Credit Agreement is available to repay the Commercial Paper Notes, if necessary. Aggregate borrowings outstanding under the 2022 Credit Agreement and the Commercial Paper Notes will not exceed the $ 1.5 billion current maximum amount available under the 2022 Credit Agreement. The Commercial Paper Notes will be sold at a discount from par, or alternatively, will be sold at par and bear interest at rates that will vary based upon market conditions at the time of issuance. The maturities of the Commercial Paper Notes will vary but may not exceed 397 days. At December 31, 2023, we had $ 620.0 million of Commercial Paper Notes outstanding bearing a </context> | us-gaap:CommercialPaper |
On May 29, 2013, we entered into agreements to initiate a commercial paper program on a private placement basis under which we may issue unsecured commercial paper notes (the “Commercial Paper Notes”) from time-to-time. On May 17, 2023, we entered into definitive documentation to increase the size of our existing commercial paper program. The maximum aggregate face amount of Commercial Paper Notes outstanding at any time is $ 1.5 billion (up from $ 750 million prior to the increase). The proceeds from the issuance of the Commercial Paper Notes are expected to be used for general corporate purposes, including the repayment of other debt of the Company. The 2022 Credit Agreement is available to repay the Commercial Paper Notes, if necessary. Aggregate borrowings outstanding under the 2022 Credit Agreement and the Commercial Paper Notes will not exceed the $ 1.5 billion current maximum amount available under the 2022 Credit Agreement. The Commercial Paper Notes will be sold at a discount from par, or alternatively, will be sold at par and bear interest at rates that will vary based upon market conditions at the time of issuance. The maturities of the Commercial Paper Notes will vary but may not exceed 397 days. At December 31, 2023, we had $ 620.0 million of Commercial Paper Notes outstanding bearing a | text | 1.5 | monetaryItemType | text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> On May 29, 2013, we entered into agreements to initiate a commercial paper program on a private placement basis under which we may issue unsecured commercial paper notes (the “Commercial Paper Notes”) from time-to-time. On May 17, 2023, we entered into definitive documentation to increase the size of our existing commercial paper program. The maximum aggregate face amount of Commercial Paper Notes outstanding at any time is $ 1.5 billion (up from $ 750 million prior to the increase). The proceeds from the issuance of the Commercial Paper Notes are expected to be used for general corporate purposes, including the repayment of other debt of the Company. The 2022 Credit Agreement is available to repay the Commercial Paper Notes, if necessary. Aggregate borrowings outstanding under the 2022 Credit Agreement and the Commercial Paper Notes will not exceed the $ 1.5 billion current maximum amount available under the 2022 Credit Agreement. The Commercial Paper Notes will be sold at a discount from par, or alternatively, will be sold at par and bear interest at rates that will vary based upon market conditions at the time of issuance. The maturities of the Commercial Paper Notes will vary but may not exceed 397 days. At December 31, 2023, we had $ 620.0 million of Commercial Paper Notes outstanding bearing a </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
On May 29, 2013, we entered into agreements to initiate a commercial paper program on a private placement basis under which we may issue unsecured commercial paper notes (the “Commercial Paper Notes”) from time-to-time. On May 17, 2023, we entered into definitive documentation to increase the size of our existing commercial paper program. The maximum aggregate face amount of Commercial Paper Notes outstanding at any time is $ 1.5 billion (up from $ 750 million prior to the increase). The proceeds from the issuance of the Commercial Paper Notes are expected to be used for general corporate purposes, including the repayment of other debt of the Company. The 2022 Credit Agreement is available to repay the Commercial Paper Notes, if necessary. Aggregate borrowings outstanding under the 2022 Credit Agreement and the Commercial Paper Notes will not exceed the $ 1.5 billion current maximum amount available under the 2022 Credit Agreement. The Commercial Paper Notes will be sold at a discount from par, or alternatively, will be sold at par and bear interest at rates that will vary based upon market conditions at the time of issuance. The maturities of the Commercial Paper Notes will vary but may not exceed 397 days. At December 31, 2023, we had $ 620.0 million of Commercial Paper Notes outstanding bearing a | text | 620.0 | monetaryItemType | text: <entity> 620.0 </entity> <entity type> monetaryItemType </entity type> <context> On May 29, 2013, we entered into agreements to initiate a commercial paper program on a private placement basis under which we may issue unsecured commercial paper notes (the “Commercial Paper Notes”) from time-to-time. On May 17, 2023, we entered into definitive documentation to increase the size of our existing commercial paper program. The maximum aggregate face amount of Commercial Paper Notes outstanding at any time is $ 1.5 billion (up from $ 750 million prior to the increase). The proceeds from the issuance of the Commercial Paper Notes are expected to be used for general corporate purposes, including the repayment of other debt of the Company. The 2022 Credit Agreement is available to repay the Commercial Paper Notes, if necessary. Aggregate borrowings outstanding under the 2022 Credit Agreement and the Commercial Paper Notes will not exceed the $ 1.5 billion current maximum amount available under the 2022 Credit Agreement. The Commercial Paper Notes will be sold at a discount from par, or alternatively, will be sold at par and bear interest at rates that will vary based upon market conditions at the time of issuance. The maturities of the Commercial Paper Notes will vary but may not exceed 397 days. At December 31, 2023, we had $ 620.0 million of Commercial Paper Notes outstanding bearing a </context> | us-gaap:LongTermDebt |
weighted-average interest rate of approximately 6.05 % and a weighted-average maturity of 11 days. The Commercial Paper Notes are classified as Current portion of long-term debt in our condensed consolidated balance sheets at December 31, 2023. | text | 6.05 | percentItemType | text: <entity> 6.05 </entity> <entity type> percentItemType </entity type> <context> weighted-average interest rate of approximately 6.05 % and a weighted-average maturity of 11 days. The Commercial Paper Notes are classified as Current portion of long-term debt in our condensed consolidated balance sheets at December 31, 2023. </context> | us-gaap:DebtWeightedAverageInterestRate |
In the second quarter of 2023, the Company received a loan of $ 300.0 million to be repaid in five equal annual installments beginning on December 31, 2026. This interest-free loan was discounted using an imputed interest rate of 5.53 % and the Company will amortize that discount through Interest and financing expenses over the term of the loan. | text | 300.0 | monetaryItemType | text: <entity> 300.0 </entity> <entity type> monetaryItemType </entity type> <context> In the second quarter of 2023, the Company received a loan of $ 300.0 million to be repaid in five equal annual installments beginning on December 31, 2026. This interest-free loan was discounted using an imputed interest rate of 5.53 % and the Company will amortize that discount through Interest and financing expenses over the term of the loan. </context> | us-gaap:LongTermDebt |
In the second quarter of 2023, the Company received a loan of $ 300.0 million to be repaid in five equal annual installments beginning on December 31, 2026. This interest-free loan was discounted using an imputed interest rate of 5.53 % and the Company will amortize that discount through Interest and financing expenses over the term of the loan. | text | 5.53 | percentItemType | text: <entity> 5.53 </entity> <entity type> percentItemType </entity type> <context> In the second quarter of 2023, the Company received a loan of $ 300.0 million to be repaid in five equal annual installments beginning on December 31, 2026. This interest-free loan was discounted using an imputed interest rate of 5.53 % and the Company will amortize that discount through Interest and financing expenses over the term of the loan. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
We have additional uncommitted credit lines with various U.S. and foreign financial institutions that provide for borrowings of up to approximately $ 279.8 million at December 31, 2023. Outstanding borrowings under these agreements were $ 30.2 million and $ 3.0 million at December 31, 2023 and 2022, respectively. The average interest rate on borrowings under these agreements during 2023, 2022 and 2021 was approximately 0.4 %. | text | 279.8 | monetaryItemType | text: <entity> 279.8 </entity> <entity type> monetaryItemType </entity type> <context> We have additional uncommitted credit lines with various U.S. and foreign financial institutions that provide for borrowings of up to approximately $ 279.8 million at December 31, 2023. Outstanding borrowings under these agreements were $ 30.2 million and $ 3.0 million at December 31, 2023 and 2022, respectively. The average interest rate on borrowings under these agreements during 2023, 2022 and 2021 was approximately 0.4 %. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
We have additional uncommitted credit lines with various U.S. and foreign financial institutions that provide for borrowings of up to approximately $ 279.8 million at December 31, 2023. Outstanding borrowings under these agreements were $ 30.2 million and $ 3.0 million at December 31, 2023 and 2022, respectively. The average interest rate on borrowings under these agreements during 2023, 2022 and 2021 was approximately 0.4 %. | text | 30.2 | monetaryItemType | text: <entity> 30.2 </entity> <entity type> monetaryItemType </entity type> <context> We have additional uncommitted credit lines with various U.S. and foreign financial institutions that provide for borrowings of up to approximately $ 279.8 million at December 31, 2023. Outstanding borrowings under these agreements were $ 30.2 million and $ 3.0 million at December 31, 2023 and 2022, respectively. The average interest rate on borrowings under these agreements during 2023, 2022 and 2021 was approximately 0.4 %. </context> | us-gaap:LineOfCredit |
We have additional uncommitted credit lines with various U.S. and foreign financial institutions that provide for borrowings of up to approximately $ 279.8 million at December 31, 2023. Outstanding borrowings under these agreements were $ 30.2 million and $ 3.0 million at December 31, 2023 and 2022, respectively. The average interest rate on borrowings under these agreements during 2023, 2022 and 2021 was approximately 0.4 %. | text | 3.0 | monetaryItemType | text: <entity> 3.0 </entity> <entity type> monetaryItemType </entity type> <context> We have additional uncommitted credit lines with various U.S. and foreign financial institutions that provide for borrowings of up to approximately $ 279.8 million at December 31, 2023. Outstanding borrowings under these agreements were $ 30.2 million and $ 3.0 million at December 31, 2023 and 2022, respectively. The average interest rate on borrowings under these agreements during 2023, 2022 and 2021 was approximately 0.4 %. </context> | us-gaap:LineOfCredit |
At December 31, 2023 and 2022, we had the ability and intent to refinance our borrowings under our other existing credit lines with borrowings under the 2022 Credit Agreement. Therefore, the amounts outstanding under those credit lines, if any, are classified as long-term debt at December 31, 2023 and 2022. At December 31, 2023, we had the ability to borrow $ 880.0 million under our commercial paper program and the Credit Agreements. | text | 880.0 | monetaryItemType | text: <entity> 880.0 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2023 and 2022, we had the ability and intent to refinance our borrowings under our other existing credit lines with borrowings under the 2022 Credit Agreement. Therefore, the amounts outstanding under those credit lines, if any, are classified as long-term debt at December 31, 2023 and 2022. At December 31, 2023, we had the ability to borrow $ 880.0 million under our commercial paper program and the Credit Agreements. </context> | us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity |
The accumulated benefit obligation for all defined benefit pension plans was $ 700.4 million and $ 688.0 million at December 31, 2023 and 2022, respectively. | text | 700.4 | monetaryItemType | text: <entity> 700.4 </entity> <entity type> monetaryItemType </entity type> <context> The accumulated benefit obligation for all defined benefit pension plans was $ 700.4 million and $ 688.0 million at December 31, 2023 and 2022, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
The accumulated benefit obligation for all defined benefit pension plans was $ 700.4 million and $ 688.0 million at December 31, 2023 and 2022, respectively. | text | 688.0 | monetaryItemType | text: <entity> 688.0 </entity> <entity type> monetaryItemType </entity type> <context> The accumulated benefit obligation for all defined benefit pension plans was $ 700.4 million and $ 688.0 million at December 31, 2023 and 2022, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
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