DEBT (Tables)

6 Months Ended

Jun. 30, 2018

DEBT

Schedule of debt

The Company’s debt consisted of the following as of June 30, 2018 and December 31, 2017 (in millions):

	June 30, 2018		December 31, 2017
Term Loan Agreement	$	270.4	$	—
Prior Term Loan Agreement		—		294.9
3.650% Senior Notes		644.2		643.8
1.950% Senior Notes		299.5		299.2
Revolving Credit Agreement		—		—
Total debt	$	1,214.1	$	1,237.9

Schedule of maturities of long-term debt

The future expected loan repayments related to the Term Loan Agreement and the Notes as of June 30, 2018 are as follows (in millions):

2018	$	—
2019		300.0
2020		—
2021		275.0
2022		—
Thereafter		650.0
Principal amounts repayable		1,225.0
Debt issuance cost		(5.8)
Unamortized discounts on notes		(5.1)
Total debt outstanding	$	1,214.1

Schedule of interest expense

Interest expense recognized on the Term Loan Agreement and the Notes is included in interest expense, net in the condensed consolidated statements of income, for the three months and six ended June 30, 2018 and 2017 is as follows (in millions):

	Three Months Ended  June 30,				Six Months Ended  June 30,
	2018		2017		2018		2017
Components of interest expense:
Contractual interest	$	9.5	$	10.9	$	18.9	$	18.5
Amortization of debt discount		0.2		0.2		0.4		0.2
Amortization of debt issuance cost		0.5		1.4		0.9		2.3
Interest expense	$	10.2	$	12.5		20.2		21.0
Interest income		(0.9)		—		(1.3)		(0.6)
Interest expense, net	$	9.3	$	12.5	$	18.9	$	20.4