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Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
 
 
 
 
As of March 31, 2020
 
As of December 31, 2019
 
 
Maturity
 
Interest Rate
 
Amount
 
Interest Rate
 
Amount
Credit Facilities
 
 
 
 
 
 
 
 
 
 
CDW UK revolving credit facility(1)
 
July 2021
 
%
 
$

 
%
 
$

Senior secured asset-based revolving credit facility
 
March 2022
 
2.62
%
 
212.5

 
5.00
%
 
51.0

Total credit facilities
 
 
 
 
 
212.5

 
 
 
51.0

 
 
 
 
 
 
 
 
 
 
 
Term Loans
 
 
 
 
 
 
 
 
 
 
CDW UK term loan(1)
 
August 2021
 
2.07
%
 
57.1

 
2.19
%
 
61.0

Senior secured term loan facility
 
October 2026
 
2.74
%
 
1,434.5

 
3.55
%
 
1,438.3

Total term loans
 
 
 
 
 
1,491.6

 
 
 
1,499.3

 
 
 
 
 
 
 
 
 
 
 
Unsecured Senior Notes
 
 
 
 
 
 
 
 
 
 
Senior notes due 2024 ("2024 Senior Notes")
 
December 2024
 
5.50
%
 
575.0

 
5.50
%
 
575.0

Senior notes due 2025 ("2025 Senior Notes")
 
September 2025
 
5.00
%
 
600.0

 
5.00
%
 
600.0

Senior notes due 2028 ("2028 Senior Notes")
 
April 2028
 
4.25
%
 
600.0

 
4.25
%
 
600.0

Total unsecured senior notes
 
 
 
 
 
1,775.0

 
 
 
1,775.0

 
 
 
 
 
 
 
 
 
 
 
Other long-term obligations
 
 
 
 
 
12.8

 
 
 
12.6

Unamortized deferred financing fees
 
 
 
 
 
(19.7
)
 
 
 
(20.6
)
Current maturities of long-term debt
 
 
 
 
 
(33.7
)
 
 
 
(34.1
)
Total long-term debt
 
 
 
 
 
$
3,438.5

 
 
 
$
3,283.2

(1)
British pound-denominated debt facilities.
Carrying Value of Long-Term Debt
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, are as follows:
 
 
March 31, 2020
 
December 31, 2019
Fair value
 
$
3,429.4

 
$
3,447.5

Carrying value
 
3,491.9

 
3,337.9