INDEBTEDNESS

Total borrowings outstanding are summarized as follows (in millions):



				September 30, 2017			December 31, 2016
Term loans
	2014 term loan due December 5, 2019		⁽¹⁾	$	428.3		$	420.7
Notes and Bonds
	Coupon	Due
	4.500%	May 23, 2017	⁽¹⁾⁽²⁾	—			189.3
	5.125%	December 12, 2017	⁽¹⁾⁽²⁾	354.5			315.6
	2.300%	November 8, 2018		—			600.0
	5.000%	May 23, 2019	⁽¹⁾⁽²⁾	141.8			126.2
	3.500%	March 15, 2021		280.4			500.0
	3.500%	December 15, 2021		309.6			500.0
	5.105%	July 19, 2023	⁽¹⁾⁽²⁾	159.5			142.0
	4.000%	November 15, 2023		215.6			800.0
	3.900%	December 15, 2024		700.0			700.0
	4.375%	March 15, 2026		700.0			700.0
	5.300%	November 15, 2043		90.5			400.0
	4.900%	December 15, 2044		303.9			400.0
	Total notes and bonds			3,255.8			5,373.1
Other financing				2.9			3.6
Unamortized premium (discount), net				24.8			33.0
Deferred financing fees				(19.0		)	(33.1		)
Total borrowings outstanding				3,692.8			5,797.3
	Current indebtedness			(417.1		)	(572.8		)
Total long-term debt less current portion				$	3,275.7		$	5,224.5


(1)	Debt denominated in Euros subject to fluctuations in the euro-to-U.S. dollar exchange rate.


(2)	Debt assumed from Omega.

During the three months ended April 1, 2017, we entered into amendments to the 2014 Revolver (as defined below) and the 2014 term loan to modify provisions of such agreements necessary as a result of the correction in accounting related to the Tysabri^® financial asset, as well as waivers of any default or event of default that may have arisen from any restatement of or deficiencies in our financial statements for the periods specified in such amendments and waivers. We are in compliance with all covenants under our debt agreements as of September 30, 2017.

Revolving Credit Agreements

We have a revolving credit agreement with a borrowing capacity of $1.0 billion (the "2014 Revolver"). There were no borrowings outstanding under the 2014 Revolver as of September 30, 2017 and December 31, 2016.

Other Financing

Overdraft Facilities

We have overdraft facilities available that we use to support our cash management operations. We report any balances outstanding in the above table under "Other financing". There were no balances outstanding under the facilities at September 30, 2017 and December 31, 2016.

Debt Repayments and Related Extinguishment

During the nine months ended September 30, 2017, we reduced our outstanding debt through a variety of transactions (in millions):



Date	Series	Transaction Type	Principal Retired
April 1, 2017	2014 term loan due December 5, 2019	Scheduled quarterly payment	$	13.3
July 1, 2017	2014 term loan due December 5, 2019	Scheduled quarterly payment	14.3
September 30, 2017	2014 term loan due December 5, 2019	Scheduled quarterly payment	14.8
May 8, 2017	$600.0 2.300% senior notes due 2018	Early redemption	600.0
May 23, 2017	€180.0 4.500% retail bonds due 2017	Scheduled maturity	201.3
June 15, 2017	$500.0 3.500% senior notes due 2021	Tender offer	190.4
June 15, 2017	$500.0 3.500% senior notes due 2021	Tender offer	219.6
June 15, 2017	$800.0 4.000% senior notes due 2023	Tender offer	584.4
June 15, 2017	$400.0 5.300% senior notes due 2043	Tender offer	309.5
June 15, 2017	$400.0 4.900% senior notes due 2044	Tender offer	96.1
			$	2,243.7

As a result of the of the early redemption and tender offer transactions discussed above, we recorded a loss of $135.2 million during the three months ended July 1, 2017 in Loss on extinguishment of debt (in millions):



Premium on debt repayment	$	116.1
Transaction costs	3.8
Write-off of deferred financing fees	10.6
Write-off of remaining discount on bond	4.7
Total loss on extinguishment of debt	$	135.2