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Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2017
Long-term Debt, Unclassified [Abstract]  
Carrying Value of Long-Term Debt
Long-term debt as of June 30, 2017 is as follows:
(dollars in millions)
 
Interest
Rate
 
Principal
 
Unamortized Discount and Deferred Financing Costs
 
Total
Senior secured asset-based revolving credit facility(1)

3.3
%
 
$
54.0

 
$
—


$
54.0

CDW UK revolving credit facility
 
—
%
 
—

 
—

 
—

Senior secured term loan facility

3.2
%
 
1,475.6

 
(2.3
)

1,473.3

CDW UK term loan
 
1.7
%
 
72.9

 
(1.3
)
 
71.6

Senior notes due 2023

5.0
%
 
525.0

 
(4.9
)

520.1

Senior notes due 2024

5.5
%
 
575.0

 
(5.6
)

569.4

Senior notes due 2025

5.0
%
 
600.0

 
(7.8
)

592.2

Other long-term obligations
 
 
 
15.7

 
—

 
15.7

Total debt
 
 
 
3,318.2

 
(21.9
)
 
3,296.3

Less current maturities
 
 
 
(18.5
)
 
—

 
(18.5
)
Long-term debt, excluding current maturities
 
 
 
$
3,299.7

 
$
(21.9
)
 
$
3,277.8


(1) Represents a weighted-average interest rate.

Long-term debt as of December 31, 2016 is as follows:
(dollars in millions)
 
Interest
Rate
 
Principal
 
Unamortized Discount and Deferred Financing Costs
 
Total
Senior secured asset-based revolving credit facility
 
—
%
 
$
—

 
$
—

 
$
—

CDW UK revolving credit facility
 
—
%
 
—

 
—

 
—

Senior secured term loan facility
 
3.3
%
 
1,483.0

 
(14.9
)
 
1,468.1

CDW UK Term Loan
 
1.8
%
 
69.1

 
(1.6
)
 
67.5

Senior notes due 2022
 
6.0
%
 
600.0

 
(5.6
)
 
594.4

Senior notes due 2023
 
5.0
%
 
525.0

 
(5.3
)
 
519.7

Senior notes due 2024
 
5.5
%
 
575.0

 
(6.0
)
 
569.0

Other long-term obligations
 
 
 
15.7

 
—

 
15.7

Total debt
 
 
 
3,267.8

 
(33.4
)
 
3,234.4

Less current maturities
 
 
 
(18.5
)
 
—

 
(18.5
)
Long-term debt, excluding current maturities
 
 
 
$
3,249.3

 
$
(33.4
)
 
$
3,215.9
Schedule of Long-term Debt Instruments
Fair Value

The fair values of the Senior Notes were estimated using quoted market prices for identical liabilities that are traded in over-the-counter secondary markets that are not considered active. The fair value of the Term Loan was estimated using dealer quotes for identical liabilities in markets that are not considered active. The Senior Notes, Term Loan and the CDW UK Term Loan are classified as Level 2 within the fair value hierarchy. The carrying value of the CDW UK Term Loan was £56 million ($73 million at June 30, 2017), which approximated fair value. The approximate fair values and related carrying values of the Company's long-term debt, including current maturities and excluding unamortized discount and unamortized deferred financing costs, were as follows:
(in millions)
 
June 30, 2017
 
December 31, 2016
Fair value
 
$
3,417.5

 
$
3,334.8

Carrying value
 
3,318.2

 
3,267.8