Debt

6 Months Ended

Jun. 30, 2015

Debt

7. Debt

Debt is comprised of the following at June 30, 2015 and December 31, 2014:

(in millions)	June 30, 2015			December 31, 2014
Senior Secured Credit Facility Term Loans	$	2,001.5		$	2,024.6
6 1⁄8% Senior Notes due 2022 (a)		300.0			300.0
3 3⁄4% Senior Notes due 2021 (a)		331.6			357.9
7 1⁄2% Senior Subordinated Notes due 2017 (b)		653.0			650.6
17/8% Senior Subordinated Convertible Notes due 2018 (c)		452.5			445.8
1 1⁄2% Senior Subordinated Convertible Notes due 2019 (c)		229.9			226.0
1 1⁄8% Senior Subordinated Convertible Notes due 2034 (c)		492.9			484.1
Securitization Facility		489.3			479.3
Non-U.S. borrowings		66.5			83.2
Other		8.3			7.4
Total debt		5,025.5			5,058.9
Less: current portion		(588.5	)		(594.9	)
Total long-term debt	$	4,437.0		$	4,464.0

(a) Collectively, the “Senior Notes.”

(b) The “Senior Subordinated Notes.”

(c) Collectively, the “Senior Subordinated Convertible Notes.”

Other

At June 30, 2015 and December 31, 2014, the carrying value of total debt approximates fair market value. The fair market value (Level 1 measurement) of the Senior Notes and the Senior Subordinated Notes is based upon quoted market prices. The fair market value (Level 2 measurement) for all other debt instruments is estimated using interest rates currently available to the Company for debt with similar terms and maturities.

Subsequent Event

In July 2015, the Company borrowed $900 under its senior secured credit facility, which is comprised of $300 under the existing senior secured term loan B1 facility that matures in 2020 and bears interest at LIBOR plus a 275 basis point spread; and $600 under a new senior secured term loan B2 facility that matures in 2022 and bears interest at LIBOR plus a 275 basis point spread. The proceeds were used, in part, to fund a portion of the Acquisition.