Financing Arrangements (Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Components of Debt

Debt consists of the following instruments:

As of March 31, 2018 (In millions)	Principal Amount		Unamortized discount and debt issuance cost		Net Debt		Weighted average interest rate
Senior secured revolving credit facility due 2022	$	94.2	$	—	$	94.2	3.22	%
Senior secured term loan due 2022	635.9		8.0		627.9		3.59	%
5.25% senior notes due 2023	600.0		5.7		594.3		5.25	%
Other debt (1)	37.5		—		37.5
Total debt	$	1,367.6	$	13.7	$	1,353.9
Less short-term and current portion of long-term debt	35.1		—		35.1
Total long-term debt, net of current portion	$	1,332.5	$	13.7	$	1,318.8

As of December 31, 2017 (In millions)	Principal Amount		Unamortized discount and debt issuance cost		Net Debt		Weighted average interest rate
Senior secured revolving credit facility due 2022	$	56.5	$	—	$	56.5	2.77	%
Senior secured term loan due 2022	637.5		8.5		629.0		3.27	%
5.25% senior notes due 2023	600.0		6.0		594.0		5.25	%
Other debt (1)	29.5		—		29.5
Total debt	$	1,323.5	$	14.5	$	1,309.0
Less short-term and current portion of long-term debt	32.6		—		32.6
Total long-term debt, net of current portion	$	1,290.9	$	14.5	$	1,276.4

(1) Other debt includes capital lease obligations of $17.8 million as of March 31, 2018 and December 31, 2017.