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Long-Term Debt (Tables)
 9 Months Ended
Sep. 30, 2018
Long-term Debt, Unclassified [Abstract]  
Schedule of Long-term Debt Instruments Long-term debt as of September 30, 2018 is as follows:
(dollars in millions)
 
Interest
Rate
 
Principal
 
Unamortized Discount and Deferred Financing Fees
 
Total
Senior secured asset-based revolving credit facility

—
%
 
$
—

 
$
—


$
—

CDW UK revolving credit facility
 
2.1
%
 
6.5

 
—

 
6.5

Senior secured term loan facility (1)

3.8
%
 
1,456.9

 
(2.7
)

1,454.2

CDW UK term loan
 
2.3
%
 
66.5

 
(1.1
)
 
65.4

Senior notes due 2023

5.0
%
 
525.0

 
(3.8
)

521.2

Senior notes due 2024

5.5
%
 
575.0

 
(4.6
)

570.4

Senior notes due 2025

5.0
%
 
600.0

 
(6.6
)

593.4

Other long-term obligations
 
 
 
8.3

 
—

 
8.3

Total debt
 
 
 
3,238.2

 
(18.8
)
 
3,219.4

Less current maturities
 
 
 
(32.0
)
 
—

 
(32.0
)
Long-term debt, excluding current maturities
 
 
 
$
3,206.2

 
$
(18.8
)
 
$
3,187.4

(1)
The Senior secured term loan facility has a variable interest rate, which has effectively been capped through the use of an interest rate cap (see Note 5 (Financial Instruments)). The interest rate disclosed represents the variable interest rate in effect as of September 30, 2018.

Long-term debt as of December 31, 2017 is as follows:
(dollars in millions)
 
Interest
Rate
 
Principal
 
Unamortized Discount and Deferred Financing Fees
 
Total
Senior secured asset-based revolving credit facility
 
—
%
 
$
—

 
$
—

 
$
—

CDW UK revolving credit facility
 
—
%
 
—

 
—

 
—

Senior secured term loan facility (1)
 
3.7
%
 
1,468.0

 
(2.0
)
 
1,466.0

CDW UK term loan
 
1.9
%
 
75.7

 
(1.4
)
 
74.3

Senior notes due 2023
 
5.0
%
 
525.0

 
(4.5
)
 
520.5

Senior notes due 2024
 
5.5
%
 
575.0

 
(5.2
)
 
569.8

Senior notes due 2025
 
5.0
%
 
600.0

 
(7.3
)
 
592.7

Other long-term obligations
 
 
 
12.2

 
—

 
12.2

Total debt
 
 
 
3,255.9

 
(20.4
)
 
3,235.5

Less current maturities
 
 
 
(25.5
)
 
—

 
(25.5
)
Long-term debt, excluding current maturities
 
 
 
$
3,230.4

 
$
(20.4
)
 
$
3,210.0


(1)
The Senior secured term loan facility has a variable interest rate, which has effectively been capped through the use of an interest rate cap (see Note 5 (Financial Instruments)). The interest rate disclosed represents the variable interest rate in effect as of December 31, 2017.
Carrying Value of Long-Term Debt 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 Revolving Loan and the CDW UK Revolving Credit Facility approximate fair value if there are outstanding borrowings. As of September 30, 2018, the carrying value of the CDW UK Term Loan 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 fees, were as follows:
(in millions)
 
September 30, 2018
 
December 31, 2017
Fair value
 
$
3,275.3

 
$
3,366.5

Carrying value
 
3,238.2

 
3,255.9