Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2019

The fair values and carrying values of the Company’s debt instruments are detailed as follows:



	At December 31, 2019					At December 31, 2018
	Fair Value			Carrying Value		Fair Value		Carrying Value
3.85% senior notes, payable February 1, 2023; interest payable semiannually	$	627,144		600,000		599,904		600,000
2.00% senior notes, payable January 14, 2022; interest payable annually	580,235			560,099		587,487		572,148
Floating Rate Notes, payable May 18, 2020, interest payable quarterly	336,066			336,059		343,004		343,289
Floating Rate Notes, payable September 11, 2019, interest payable quarterly	—			—		343,560		343,289
Floating rate notes, payable September 4, 2021, interest payable quarterly	335,965			336,059		—		—
U.S. commercial paper	317,000			317,000		632,668		632,668
European commercial paper	376,946			376,946		707,175		707,175
Five-year senior unsecured credit facility, due October 18, 2024	16,803			16,803		57,896		57,896
Finance leases and other	30,049			30,049		6,664		6,664
Unamortized debt issuance costs	(3,129		)	(3,129	)	(5,155	)	(5,155	)
Total debt	2,617,079			2,569,886		3,273,203		3,257,974
Less current portion of long-term debt and commercial paper	1,051,498			1,051,498		1,742,373		1,742,373
Long-term debt, less current portion	$	1,565,581		1,518,388		1,530,830		1,515,601

The aggregate maturities of total debt as of December 31, 2019 are as follows⁽¹⁾:

⁽¹⁾ Debt maturity table excludes deferred loan costs.