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LONG-TERM DEBT (Tables)
3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

The Company’s long-term debt consisted of the following:

 

In millions

 

 

March 31,

2020

 

 

December 31, 2019

 

$1.2 billion Senior Credit Facility, due in 2022

$

774.0

 

 

$

758.7

 

$1.3 billion Term Loan, due in 2022

 

1,128.3

 

 

 

1,172.2

 

$600 million Senior Notes, due 2024

 

600.0

 

 

 

600.0

 

Promissory notes and deferred consideration weighted average maturity 2.3 years at 2020 and 2.5 years at 2019

 

66.2

 

 

 

73.1

 

Foreign bank debt weighted average maturity 1.4 years at 2020 and 1.6 years at 2019

 

37.3

 

 

 

42.2

 

Obligations under finance leases

 

28.9

 

 

 

30.4

 

Total debt

 

2,634.7

 

 

 

2,676.6

 

Less: current portion of total debt

 

101.4

 

 

 

103.1

 

Less: unamortized debt issuance costs

 

14.5

 

 

 

14.2

 

Long-term portion of total debt

$

2,518.8

 

 

$

2,559.3

 

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 the Company’s Senior Credit Facility and other letters of credit outstanding at were as follows:

 

In millions

 

 

March 31, 2020

 

 

December 31, 2019

 

Outstanding letters of credit under Senior Credit Facility

$

29.0

 

 

$

33.0

 

Unused portion of the Senior Credit Facility

 

397.0

 

 

 

408.3