Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt consisted of the following at December 31:



(DOLLARS IN THOUSANDS)	Effective Interest Rate		2019			2018
2020 Notes⁽¹⁾	3.69	%	$	299,381		$	298,499
2021 Euro Notes⁽¹⁾	0.82	%	334,561			337,704
2023 Notes⁽¹⁾	3.30	%	299,004			298,698
2024 Euro Notes⁽¹⁾	1.88	%	558,124			564,034
2026 Euro Notes⁽¹⁾	1.93	%	890,183			899,886
2028 Notes⁽¹⁾	4.57	%	396,688			396,377
2047 Notes⁽¹⁾	4.44	%	493,571			493,151
2048 Notes⁽¹⁾	5.12	%	785,996			785,788
Term Loan⁽¹⁾	3.65	%	239,621			349,163
Amortizing Notes⁽¹⁾	6.09	%	82,079			125,007
Bank overdrafts and other			3,131			4,695
Deferred realized gains on interest rate swaps			57			57
Total debt			$	4,382,396		$	4,553,059
Less: Short term borrowings⁽²⁾			(384,958		)	(48,642		)
Total Long-term debt			$	3,997,438		$	4,504,417

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(1)	Amount is net of unamortized discount and debt issuance costs.

(2)

However, no make-whole premium will be paid for redemptions of each note on or after the following date:

The following table shows the contractual maturities of the Company's long-term debt as of December 31, 2019.