DEBT (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Long-Term Debt

Long-term debt consisted of the following at December 31:

In millions
	2017		2016
Obligations under capital leases	$	9.4	$	11.1
$1.2 billion senior credit facility weighted average rate 2.55%, due in 2022		471.7		407.1
$1.0 billion term loan weighted average rate 2.83%, due in 2022		950.0		1,000.0
$175 million private placement notes 3.89%, due in 2017		-		175.0
$125 million private placement notes 2.68%, due in 2019		125.0		125.0
$225 million private placement notes 4.47%, due in 2020		225.0		225.0
$150 million private placement notes 2.89%, due in 2021		150.0		150.0
$125 million private placement notes 3.26%, due in 2022		125.0		125.0
$200 million private placement notes 2.72%, due in 2022		200.0		200.0
$100 million private placement notes 2.79%, due in 2023		100.0		100.0
$150 million private placement notes 3.18%, due in 2023		150.0		150.0
Promissory notes and deferred consideration weighted average rate of 1.49% and weighted average maturity of 2.9 years		155.9		191.7
Foreign bank debt weighted average rate 6.11% and weighted average maturity of 1.7 years		85.2		99.4
Total debt		2,747.2		2,959.3
Less: current portion of total debt		119.5		72.8
Less: unamortized debt issuance costs		12.4		9.2
Long-term portion of total debt	$	2,615.3	$	2,877.3

Payments due on Long-Term Debt, Excluding Capital Lease Obligations

Payments due on long-term debt, excluding capital lease obligations, during each of the five years subsequent to December 31, 2017 are as follows:

In millions
2018	$	117.0
2019		269.9
2020		318.7
2021		211.8
2022		1,563.0
Thereafter		257.4
	$	2,737.8

Property under Capital Leases Included within Property, Plant and Equipment

Property under capital leases included within property, plant and equipment on the Consolidated Balance Sheets is as follows at December 31:

In millions
	2017			2016
Land	$	0.2		$	0.1
Buildings		0.9			0.8
Machinery and equipment		6.7			6.6
Vehicles		9.4			9.9
Less: accumulated depreciation		(6.0	)		(5.5	)
	$	11.2		$	11.9

Minimum Future Lease Payments Under Capital Leases

Minimum future lease payments under capital leases are as follows:

In millions
2018	$	3.0
2019		3.4
2020		1.9
2021		1.9
2022		0.1
Thereafter		0.3
Total minimum lease payments		10.6
Less: amounts representing interest		(1.2	)
Present value of net minimum lease payments		9.4
Less: current portion included in current portion of long-term debt		(2.5	)
Long-term obligations under capital leases	$	6.9