Indebtedness (Tables)

12 Months Ended

Dec. 31, 2017

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



				December 31, 2017			December 31, 2016			December 31, 2015
Revolving credit agreements
	2015 Revolver			$	—		$	—		$	380.0
	2014 Revolver			—			—			300.0
	Total revolving credit agreements			—			—			680.0
Term loans
*	2014 term loan due December 5, 2019			420.0			420.7			488.8
Notes and bonds
	Coupon	Due
	1.300%	November 8, 2016	⁽²⁾	—			—			500.0
*	4.500%	May 23, 2017	⁽³⁾	—			189.3			195.5
*	5.125%	December 12, 2017	⁽³⁾	—			315.6			325.8
	2.300%	November 8, 2018	⁽²⁾	—			600.0			600.0
*	5.000%	May 23, 2019	⁽³⁾	144.0			126.2			130.3
	3.500%	March 15, 2021	⁽⁴⁾	280.4			500.0			—
	3.500%	December 15, 2021	⁽¹⁾	309.6			500.0			500.0
*	5.105%	July 19, 2023	⁽³⁾	162.0			142.0			146.7
	4.000%	November 15, 2023	⁽²⁾	215.6			800.0			800.0
	3.900%	December 15, 2024	⁽¹⁾	700.0			700.0			700.0
	4.375%	March 15, 2026	⁽⁴⁾	700.0			700.0			—
	5.300%	November 15, 2043	⁽²⁾	90.5			400.0			400.0
	4.900%	December 15, 2044	⁽¹⁾	303.9			400.0			400.0
	Total notes and bonds			2,906.0			5,373.1			4,698.3
Other financing				11.7			3.6			128.2
Unamortized premium (discount), net				21.4			33.0			73.4
Deferred financing fees				(17.9		)	(33.1		)	(36.6		)
Total borrowings outstanding				3,341.2			5,797.3			6,032.1
	Current indebtedness			(70.4		)	(572.8		)	(1,060.5		)
Total long-term debt less current portion				$	3,270.8		$	5,224.5		$	4,971.6


(1)	Discussed below collectively as the "2014 Notes."


(2)	Discussed below collectively as the "2013 Notes."


(3)	Debt assumed from Omega.


(4)	Discussed below collectively as the "2016 Notes."


*	Debt denominated in euros subject to fluctuations in the euro-to-U.S. dollar exchange rate.

Schedule of extinguishment of debt

During the year ended December 31, 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
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
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
December 12, 2017	€300.0 5.125% senior notes due 2017	Scheduled maturity	352.3
December 31, 2017	2014 term loan due December 5, 2019	Scheduled quarterly payment	15.0
			$	2,611.0

As a result of the early redemption and tender offer transactions, 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

Schedule of maturities of short-term and long-term debt

The annual future maturities of our short-term and long-term debt, including capitalized leases, are as follows (in millions):



Payment Due	Amount
2018	$	70.4
2019	504.7
2020	0.7
2021	590.0
2022	—
Thereafter	2,171.9