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Debt
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Debt DEBT
On March 6, 2020, GPIL completed a private offering of $450.0 million aggregate principal amount of its senior unsecured notes due 2028. The Senior Notes bear interest at an annual rate of 3.50%. The net proceeds were used by the Company to repay a portion of the outstanding borrowings under GPIL's revolving credit facility, which is under its senior secured credit facility.

On August 28, 2020, GPIL completed a private offering of $350.0 million aggregate principal amount of its senior unsecured notes due 2029. The Senior Notes bear interest at an annual rate of 3.50%. The net proceeds were used by the Company to repay a portion of the outstanding borrowings under GPIL's revolving credit facility, which is under its senior secured credit facility.
Long-Term Debt is comprised of the following:

In millionsSeptember 30, 2020December 31, 2019
Senior Notes with interest payable semi-annually at 3.50%, effective rate of 3.55%, payable in 2029
$350.0 $— 
Senior Notes with interest payable semi-annually at 3.50%, effective rate of 3.55%, payable in 2028
450.0 — 
Senior Notes with interest payable semi-annually at 4.75%, effective rate of 4.82%, payable in 2027
300.0 300.0 
Senior Notes with interest payable semi-annually at 4.125%, effective rate of 4.16%, payable in 2024
300.0 300.0 
Senior Notes with interest payable semi-annually at 4.875%, effective rate of 4.90%, payable in 2022
250.0 250.0 
Senior Notes with interest payable semi-annually at 4.75%, effective rate of 4.76%, payable in 2021
425.0 425.0 
Senior Secured Term Loan Facilities with interest payable at various dates at floating rates (1.62% at September 30, 2020) payable through 2023
1,368.8 1,396.1 
Senior Secured Revolving Facilities with interest payable at floating rates (1.52% at September 30, 2020) payable in 2023
113.2 52.8 
Finance Leases and Financing Obligations140.7 134.2 
Other
5.1 5.4 
Total Long-Term Debt3,702.8 2,863.5 
Less: Current Portion484.7 41.1 
3,218.1 2,822.4 
Less: Unamortized Deferred Debt Issuance Costs 21.2 12.5 
Total$3,196.9 $2,809.9 

At September 30, 2020, the Company and its U.S. and international subsidiaries had the following commitments, amounts outstanding and amounts available under revolving credit facilities:

In millionsTotal
Commitments		Total
Outstanding		Total Available
Senior Secured Domestic Revolving Credit Facility(a)
$1,450.0 $20.0 $1,409.3 
Senior Secured International Revolving Credit Facility185.5 93.2 92.3 
Other International Facilities54.7 16.2 38.5 
Total$1,690.2 $129.4 $1,540.1 
(a) In accordance with its debt agreements, the Company’s availability under its revolving credit facilities has been reduced by the amount of standby letters of credit issued of $20.7 million as of September 30, 2020. These letters of credit are primarily used as security against the Company's self-insurance obligations and workers’ compensation obligations. These letters of credit expire at various dates through 2020 and 2021 unless extended.

The Third Amended and Restated Credit Agreement dated as of January 1, 2018 and the Amended and Restated Term Loan Agreement dated as of January 1, 2018 (collectively, the "Credit Agreement"), the 4.75% Senior Notes due 2027, the 3.50% Senior Notes due 2028 and the 3.50% Senior Notes due 2029 are guaranteed by GPIP and certain domestic subsidiaries. The 4.75% Senior Notes due 2021, 4.875% Senior Notes due 2022 and 4.125% Senior Notes due 2024 are guaranteed by GPHC and certain domestic subsidiaries.

The Credit Agreement and the indentures governing the 4.75% Senior Notes due 2021, 4.875% Senior Notes due 2022, 4.125% Senior Notes due 2024, 4.75% Senior Notes due 2027, 3.50% Senior Notes due 2028 and 3.50% Senior Notes due 2029 (the "Indentures") limit the Company's ability to incur additional indebtedness. Additional covenants contained in the Credit Agreement and the Indentures may, among other things, restrict the ability of the Company to dispose of assets, incur guarantee obligations, prepay other indebtedness, repurchase stock, pay dividends and make other restricted payments, create liens, make equity or debt investments, make acquisitions, modify terms of the Indentures, engage in mergers or consolidations, change the business conducted by the Company and its subsidiaries, and engage in certain transactions with affiliates. Such restrictions could limit the Company’s ability to respond to changing market conditions, fund its capital spending program, provide for unexpected capital investments or take advantage of business opportunities.

As of September 30, 2020, the Company was in compliance with the covenants in the Credit Agreement and the Indentures.