Indebtedness

3 Months Ended

Mar. 28, 2020

INDEBTEDNESS

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



			March 28, 2020			December 31, 2019
Revolving Credit Agreement
	2018 Revolver due March 8, 2023		$	100.0		$	—
Term loan
	2019 Term loan due August 15, 2022		600.0			600.0

Notes and Bonds
	Coupon	Due
	3.500%	March 15, 2021	280.4			280.4
	3.500%	December 15, 2021	309.6			309.6
	5.105%	July 28, 2023⁽¹⁾	150.5			151.4
	4.000%	November 15, 2023	215.6			215.6
	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			90.5
	4.900%	December 15, 2044	303.9			303.9
	Total notes and bonds		2,750.5			2,751.4
Other financing			27.1			24.6
Unamortized premium (discount), net			6.5			7.3
Deferred financing fees			(13.4		)	(14.1		)
Total borrowings outstanding			3,470.7			3,369.2
	Current indebtedness		(287.8		)	(3.4		)
Total long-term debt less current portion			$	3,182.9		$	3,365.8

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

We are in compliance with all covenants under our debt agreements as of March 28, 2020.

Revolving Credit Agreements

On March 8, 2018, we entered into a $1.0 billion revolving credit agreement maturing on March 8, 2023 (the "2018 Revolver"). There were $100.0 million of borrowings outstanding under the 2018 Revolver as of March 28, 2020. There were no borrowings outstanding under the 2018 Revolver as of December 31, 2019.

Term Loans

On March 8, 2018, we refinanced the €350.0 million outstanding under the previous term loan with the proceeds of a new €350.0 million ($431.0 million) term loan, maturing on March 8, 2020 (the "2018 Term Loan"). During the year ended December 31, 2019, we made $24.7 million in scheduled principal repayments on the 2018 Term Loan.

On August 15, 2019, we refinanced the €284.4 million ($317.1 million) outstanding under the 2018 Term Loan with the proceeds of a new $600.0 million term loan (the "2019 Term Loan"), maturing on August 15, 2022.

Other Financing

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". The balance outstanding under the facilities was $2.0 million as of March 28, 2020. There were no borrowings outstanding under the facilities as of December 31, 2019.

We have financing leases that are reported in the above table under "Other financing" (refer to Note 9).