Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Summary of Long-Term Debt

Long-term debt consist of the following (in millions):

	As of December 31,
	2017			2016
Term Loan Facility (due February 17, 2024)	$	6,388.7		$	5,046.1
2017 4.25% Senior Notes (due May 15, 2024)	1,500.0			—
2015 4.625% Senior Notes (due January 15, 2022)	1,250.0			1,250.0
2017 5.00% Senior Notes (due October 15, 2025)	2,800.0			—
2014 6.00% Senior Notes (due April 1, 2022)	—			2,250.0
Other (a)	89.1			126.0
Less: unamortized deferred financing costs and deferred issuance discount	(170.1		)	(187.1		)
Total debt, net	11,857.7			8,485.0
Less: current maturities of debt	(56.8		)	(74.8		)
Total long-term debt	$	11,800.9		$	8,410.2

(a) $35.6 million of Tim Hortons Series 1 notes were repaid on June 1, 2017, the original maturity date.

Summary of Aggregate Maturities of Long-Term Debt

The aggregate maturities of our long-term debt as of December 31, 2017 are as follows (in millions):

Year Ended December 31,	Principal Amount
2018	$	56.8
2019	73.8
2020	71.0
2021	71.0
2022	1,320.9
Thereafter	10,434.3
Total	$	12,027.8

Schedule of Interest Expense, Net

Interest expense, net consists of the following (in millions):

	2017			2016			2015
Debt	$	484.5		$	412.2		$	426.8
Capital lease obligations	21.4			19.9			20.8
Amortization of deferred financing costs and debt issuance discount	32.7			38.9			34.9
Interest income	(26.4		)	(4.1		)	(4.2		)
Interest expense, net	$	512.2		$	466.9		$	478.3