Debt (Tables)

12 Months Ended

Dec. 31, 2016

Debt for the Company consists of the following:



(in millions)	December 31, 2016				December 31, 2015
Debt:	Amount			Rate	Amount			Rate	Maturity Date
2016 Credit Agreement:
Term A Facility	$	585.0		(1)	$	—		N/A	April 6, 2021
Revolving Credit Facility	156.9			(1)	—			N/A	April 6, 2021
2012 Credit Agreement:
Term A Facility	—			N/A	409.4			(2)
Term B Facility	—			N/A	100.1			(3)
2026 Senior Notes	600.0			5.500%	—			N/A	June 15, 2026
2023 Senior Notes	450.0			5.625%	450.0			5.625%	October 15, 2023
2020 Senior Notes	—			N/A	375.0			6.875%
8.0% Sealy Notes	—			8.0%	111.1			8.0%
Capital lease obligations ⁽⁴⁾	73.3				21.2				Various
Other	35.8				12.8
Total debt	1,901.0				1,479.6
Less: deferred financing costs	(12.9		)		(24.8		)
Total debt, net	1,888.1				1,454.8
Less: current portion	(70.3		)		(181.5		)
Total long term debt, net	$	1,817.8			$	1,273.3



(1)	Interest at LIBOR plus applicable margin of 1.50% as of December 31, 2016.
(2)	Interest at LIBOR plus applicable margin of 2.00% as of December 31, 2015.
(3)	Interest at LIBOR, subject to a 0.75% floor plus applicable margin of 2.75% as of December 31, 2015.
(4)	Capital lease obligations are a non-cash financing activity.

Schedule of Estimated Fair Values of Debt Instruments

The fair values of material financial instruments are as follows:



	Fair Value
(in millions)	December 31, 2016		December 31, 2015
2020 Senior Notes	$	—	$	393.8
2023 Senior Notes	468.5		453.4
2026 Senior Notes	606.8		—
8.0% Sealy Notes	—		112.7

Schedule of Maturities of Long-term Debt

As of December 31, 2016, the scheduled maturities of long-term debt outstanding, including capital lease obligations, for each of the next five years and thereafter are as follows:



(in millions)
2017	$	70.3
2018	34.9
2019	42.9
2020	58.5
2021	598.6
Thereafter	1,095.8
Total	$	1,901.0