Debt (Tables)

6 Months Ended

Jun. 30, 2019

Carrying value of notes payable, capital leases and long-term debt

The carrying value of our notes payable, finance leases and long-term debt as of June 30, 2019 and December 31, 2018 is listed in the following table, and is adjusted for the fair value of interest rate swaps, unamortized discounts, deferred issuance costs and the unamortized portion of adjustments to fair value recorded in purchase accounting. Original issue discounts and adjustments to fair value recorded in purchase accounting are amortized to interest expense over the term of the applicable instrument using the effective interest method.


		June 30, 2019										December 31, 2018
Maturity	Interest Rate	Principal		Adjustments		Carrying Value		Principal		Adjustments		Carrying Value
Credit facilities:
Uncommitted Credit Facility	Variable	$	89.0	$	—	$	89.0	$	33.4	$	—	$	33.4

June 2023	Variable	170.0		—		170.0		159.0		—		159.0
Senior notes:

September 2019	5.500	650.0		(0.3)		649.7		650.0		(0.9)		649.1
March 2020	5.000	850.0		(0.6)		849.4		850.0		(1.0)		849.0
November 2021	5.250	600.0		(1.0)		599.0		600.0		(1.2)		598.8
June 2022	3.550	850.0		(3.2)		846.8		850.0		(3.6)		846.4
May 2023	4.750	550.0		3.7		553.7		550.0		(5.5)		544.5
March 2025	3.200	500.0		(3.9)		496.1		500.0		(4.3)		495.7
June 2026	2.900	500.0		(4.2)		495.8		500.0		(4.4)		495.6
November 2027	3.375	650.0		(5.5)		644.5		650.0		(5.9)		644.1
May 2028	3.950	800.0		(16.5)		783.5		800.0		(17.3)		782.7
March 2035	6.086	181.9		(14.2)		167.7		181.9		(14.4)		167.5
March 2040	6.200	399.9		(3.7)		396.2		399.9		(3.8)		396.1
May 2041	5.700	385.7		(5.3)		380.4		385.7		(5.3)		380.4
Debentures:
May 2021	9.250	35.3		(0.6)		34.7		35.3		(0.7)		34.6
September 2035	7.400	148.1		(33.4)		114.7		148.1		(33.8)		114.3
Tax-exempt:
2020 - 2049	1.500 - 1.950	1,072.4		(6.1)		1,066.3		1,042.4		(5.6)		1,036.8
Finance leases:
2019 - 2046	3.070 - 12.203	107.7		—		107.7		109.5		—		109.5
Total Debt		$	8,540.0	$	(94.8)	8,445.2		$	8,445.2	$	(107.7)	8,337.5
Less: current portion						(1,561.3)						(690.7)
Long-term portion						$	6,883.9					$	7,646.8