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DEBT (Tables)
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

Long-term debt consisted of the following:

 

In millions

 

 

March 31, 2019

 

 

December 31, 2018

 

$1.2 billion senior credit facility, due in 2022

$

633.9

 

 

$

583.3

 

$950 million term loan, due in 2022

 

890.6

 

 

 

902.5

 

$125 million private placement notes, due in 2019

 

125.0

 

 

 

125.0

 

$225 million private placement notes, due in 2020

 

225.0

 

 

 

225.0

 

$150 million private placement notes, due in 2021

 

150.0

 

 

 

150.0

 

$125 million private placement notes, due in 2022

 

125.0

 

 

 

125.0

 

$200 million private placement notes, due in 2022

 

200.0

 

 

 

200.0

 

$100 million private placement notes, due in 2023

 

100.0

 

 

 

100.0

 

$150 million private placement notes, due in 2023

 

150.0

 

 

 

150.0

 

Promissory notes and deferred consideration weighted average maturity 2.6 years at 2019 and 2.7 years at 2018

 

114.3

 

 

 

120.9

 

Foreign bank debt weighted average maturity 1.6 years at 2019 and 1.9 years at 2018

 

82.8

 

 

 

76.7

 

Obligations under capital leases

 

18.7

 

 

 

20.3

 

Total debt

 

2,815.3

 

 

 

2,778.7

 

Less: current portion of total debt

 

101.9

 

 

 

104.3

 

Less: unamortized debt issuance costs

 

11.0

 

 

 

10.5

 

Long-term portion of total debt

$

2,702.4

 

 

$

2,663.9

 

Schedule of Outstanding Letters of Credit, Unused Portion of Senior Credit Facility And Other Letters of Credit Outstanding

Amounts committed to outstanding letters of credit, the unused portion of our senior credit facility and other letters of credit outstanding as of March 31, 2019 and December 31, 2018, were as follows:

 

In millions

 

 

March 31, 2019

 

 

December 31, 2018

 

Outstanding letters of credit under senior credit facility

$

50.4

 

 

$

63.1

 

Unused portion of the revolving credit facility

 

515.7

 

 

 

553.6

 

Other letters of credit outstanding

 

52.2

 

 

 

52.2