

	2019			2018
2.60% senior notes due 2019	$	—		$	267.3
4.70% senior notes due 2020	304.9			304.6
3.15% senior notes due 2021	93.6			97.5
3.75% senior notes due 2021	342.1			353.2
4.00% senior notes due 2022	249.3			249.0
3.85% senior notes due 2023	1,387.5			1,740.8
5.00% senior notes due 2023	—			310.0
4.00% senior notes due 2024	199.5			496.4
3.90% senior notes due 2025	46.9			90.3
4.20% senior notes due 2026	1,986.3			1,984.5
5.375% senior notes due 2036	416.1			415.8
5.50% senior notes due 2046	657.3			657.2
Commercial paper	25.0			—
Other debt	15.2			48.4
Total debt	5,723.7			7,015.0
Short-term debt and current portion of long-term debt	(332.4		)	(318.7		)
Long-term debt	$	5,391.3		$	6,696.3

In November 2019, the Company redeemed the entire $300 million aggregate principal of its 5.00% senior notes due 2023 for total consideration, excluding accrued interest, of approximately $308 million.

In August 2019, the Company commenced cash tender offers (the “Tender Offers”) totaling approximately $700 million for up to a maximum aggregate principal amount of certain series of its senior notes. In August 2019, pursuant to the Tender Offers, the Company repurchased approximately $357 million aggregate principal amount of its 3.85% senior notes due 2023, $299 million of its 4.00% senior notes due 2024 and $44.0 million of its 3.90% senior notes due 2025 for total consideration, excluding accrued interest, of approximately $728 million.

As a result of the aforementioned debt extinguishments, the Company recorded a loss on the extinguishment of debt of $28.3 million, primarily comprised of a non-cash charge due to the write-off of deferred debt issuance costs, partially offset by prepayment gains.

In March 2019, the Company repaid approximately $268 million of the entire principal amount outstanding of its 2.60% senior notes due 2019 upon maturity.

Generally, the senior notes are redeemable by the Company at a price equal to the greater of (i) the aggregate principal amount of the senior notes to be redeemed or (ii) the sum of the present values of the remaining scheduled payments, plus in each case, accrued and unpaid interest. Additionally, generally within three and six months to scheduled maturity, depending on the debt instrument, the senior notes may be redeemed at a price equal to the aggregate principal amount of the notes being redeemed, plus accrued and unpaid interest.

The Company maintains a $1.25 billion revolving credit facility that matures in December 2023 (the “Facility”). Under the Facility, the Company may borrow funds on a variety of interest rate terms. Since the Facility provides the committed backup liquidity required to issue commercial paper, the Company may issue commercial paper up to a maximum of $800 million provided there is a sufficient amount available for borrowing under the Facility. The Facility also provides for the issuance of up to $100 million of letters of credit, so long as there is a sufficient amount available for borrowing under the Facility.

In October 2019, the Company refinanced its then existing receivables purchase agreement. The new $600 million receivables purchase agreement matures in October 2022 (the “Securitization Facility”) and bears interest at a margin over a variable interest rate.

In connection with entering into the Customer Receivables Purchase Agreement, the Company amended its existing receivables purchase agreement in June 2019 to remove certain customer receivables which are subject to the Customer Receivables Purchase Agreement. As a result of the amendment, the parties reduced the aggregate commitment under the Company's then existing securitization facility from $950 million to $700 million.

In connection with the ATP, the Company completed the sale of several businesses during 2019. In 2019, the Company sold: its Process Solutions business, Rexair, The United States Playing Card Company and other related subsidiaries. As a result of these transactions, the Company received gross proceeds of $996 million in 2019, most of which was used to pay down debt.

The indentures governing the Company’s senior notes contain usual and customary nonfinancial covenants. The Company’s borrowing arrangements other than the senior notes contain usual and customary nonfinancial covenants and certain financial covenants, including minimum interest coverage and maximum debt-to-total-capitalization ratios.

At December 31, 2019 and 2018, unamortized deferred debt issue costs were $33.3 and $43.7. These costs are included in total debt and are being amortized over the respective terms of the underlying debt.

The Company has designated the €300.0 million principal balance of the 3.75% senior notes due October 2021 as a net investment hedge of the foreign currency exposure of its net investment in certain Euro-functional currency subsidiaries with Euro-denominated net assets. At December 31, 2019, $4.0 million of deferred gains have been recorded in AOCL. See Footnote 11 for disclosures regarding the Company’s derivative financial instruments.