Long-Term Debt (Tables)

6 Months Ended

Jul. 03, 2015

Long-term Debt, Unclassified [Abstract]

Long-Term Debt

The Company's long-term debt consists of the following (annualized rates, dollars in millions):

	July 3, 2015			December 31, 2014
Senior Revolving Credit Facility due 2020, interest payable monthly at 1.69% as of December 31, 2014	$	—		$	350.0
1.00% Notes (net of discount of $109.1 million) (1)	580.9			—
2.625% Notes, Series B (net of discount of $11.0 million and $14.7 million, respectively) (2)	345.9			342.2
Loan with Japanese bank due 2015 through 2018, interest payable quarterly at 2.03% and 2.01%, respectively (3)	207.5			235.9
U.S. real estate mortgages payable monthly through 2019 at an average rate of 3.35% (4)	52.4			54.8
Loans with Philippine bank due 2015 through 2019, interest payable monthly and quarterly at an average rate of 2.41% and 2.37%, respectively (5)	36.6			54.2
Loan with Hong Kong bank, interest payable weekly at 1.44% and 1.92%, respectively (6)	25.0			35.0
Malaysia revolving line of credit, interest payable quarterly at 1.73% and 1.71%, respectively (7)	25.0			25.0
Loan with Singapore bank, interest payable weekly at 1.44% and 1.42%, respectively (6)	30.0			20.0
Vietnam revolving line of credit, interest payable quarterly and annually at an average rate of 1.81% and 1.87%, respectively (7)	25.0			10.7
Canada revolving lines of credit, interest payable quarterly at 1.88% and 1.84%, respectively (7)	15.0			15.0
Loans with Philippine bank due 2020 (8)	—			—
Canada equipment financing payable monthly through 2017 at 3.81% (9)	3.3			4.2
U.S. equipment financing payable monthly through 2016 at 2.94% (9)	2.4			4.8
Capital lease obligations	29.2			40.8
Long-term debt, including current maturities	1,378.2			1,192.6
Less: Current maturities	(555.9		)	(209.6		)
Long-term debt	$	822.3		$	983.0

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(1) Interest is payable on June 1 and December 1 of each year at 1.00% annually. See below under the heading "1.00% Notes" for additional information.

(2) Interest is payable on June 15 and December 15 of each year at 2.625% annually. The 2.625% Notes, Series B may be put back to the Company at the option of the holders of the notes on December 15 of 2016 and 2021 or called at the option of the Company on or after December 20, 2016. The notes can be convertible at any time on or after June 15, 2016.

(3) This loan represents SCI LLC's non-collateralized loan with SMBC, which is guaranteed by the Company.

(4) Debt arrangement collateralized by real estate, including certain of our facilities in California, Oregon and Idaho.

(5) $36.6 million collateralized by equipment as of July 3, 2015 with $15.0 million non-collateralized and $39.2 million collateralized by equipment as of December 31, 2014.

(6) Debt arrangement collateralized by accounts receivable.

(7) Non-collateralized debt arrangement.

(8) See below under the heading "Philippine Term Loans" for additional information.

(9) Debt arrangement collateralized by equipment.

Annual Maturities Relating To Long-Term Debt

Expected maturities relating to the Company’s long-term debt as of July 3, 2015 are as follows (in millions):

Period	Expected Maturities
Remainder of 2015	$	160.1
2016	426.9
2017	53.7
2018	132.8
2019	34.8
Thereafter	690.0
Total	$	1,498.3