Debt, Factoring and Customer Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s debt and capital lease obligations consisted of the following:

($ amounts in millions)	Maturity Date	Interest Rate	December 31, 2017		December 31, 2016
USD Senior Notes (1)	2022	6.50%	$	1,086.1	$	1,083.2
EUR Senior Notes (1)	2023	6.00%	415.1		362.4
USD Senior Notes (1)	2021	10.375%	—		489.0
USD Senior Notes (1)	2025	5.875%	783.2		—
First Lien Credit Facility - USD Term Loans (2)	2020	> of 4.50% or LIBOR plus 3.50%	—		582.5
First Lien Credit Facility - USD Term Loans (2)	2020	> of 3.50% or LIBOR plus 2.50%	620.4		—
First Lien Credit Facility - USD Term Loans (2) (3)	2021	> of 5.00% or LIBOR plus 4.00%	—		1,444.2
First Lien Credit Facility - USD Term Loans (2) (3)	2021	> of 4.00% or LIBOR plus 3.00%	1,121.2		—
First Lien Credit Facility - Euro Term Loans (2)	2020	> of 4.25% or EURIBOR plus 3.25%	—		726.5
First Lien Credit Facility - Euro Term Loans (2)	2020	> of 3.25% or EURIBOR plus 2.50%	694.3		—
First Lien Credit Facility - Euro Term Loans (2) (3)	2021	> of 4.75% or EURIBOR plus 3.75%	—		450.7
First Lien Credit Facility - Euro Term Loans (2) (3)	2021	> of 3.50% or EURIBOR plus 2.75%	716.0		—
Borrowings under the Revolving Credit Facility		LIBOR plus 3.00%	—		—
Borrowings under lines of credit (4)			28.5		86.0
Capital leases and other			14.7		14.5
Total debt and capital lease obligations			5,479.5		5,239.0
Less: current installments of long-term debt and revolving credit facilities			38.9		116.1
Total long-term debt and capital lease obligations			$	5,440.6	$	5,122.9

⁽¹⁾   Net of unamortized premium, discounts and debt issuance costs of $35.5 million and $33.4 million at December 31, 2017 and 2016, respectively. Weighted average effective interest rate of 6.53% and 7.81% at December 31, 2017 and 2016, respectively.

⁽²⁾ First Lien Credit Facility term loans net of unamortized discounts and debt issuance costs of $33.3 million and $64.0 million at December 31, 2017 and 2016, respectively. Weighted average effective interest rate of 4.53% and 5.64% at December 31, 2017 and 2016, respectively, including the effects of interest rate swaps. See Note 13, Financial Instruments, to the Consolidated Financial Statements for further information regarding the Company's interest rate swaps.

⁽³⁾ The maturity date will extend to June 7, 2023, provided that the Company is able to prepay, redeem or otherwise retire and/or refinance in full its 1.10 billion, 6.50% USD Notes due 2022, as permitted under the Amended and Restated Credit Agreement, on or prior to November 2, 2021.

⁽⁴⁾ Weighted average interest rate of 3.51% and 4.48% at December 31, 2017 and 2016, respectively.

Schedule of Maturities of Long-term Debt

Minimum future principal payments on long-term debt and capital lease obligations were as follows:

($ amounts in millions)		Long-Term Debt		Capital Leases		Total
2018		$	—	$	0.7	$	0.7
2019		—		0.6		0.6
2020		1,330.8		0.5		1,331.3
2021	(*)	1,854.4		0.5		1,854.9
2022		1,100.0		0.4		1,100.4
Thereafter		1,219.9		1.6		1,221.5
Total		$	5,505.1	$	4.3	$	5,509.4

^(*) In the event the Company is able to prepay, redeem or otherwise retire and/or refinance in full its $1.10 billion, 6.50% USD Notes due 2022, as permitted under the Amended and Restated Credit Agreement, on or prior to November 2, 2021, the maturity date of approximately $1.85 billion of first lien debt will be extended to June 7, 2023 from November 2, 2021.

Schedule of Long-term Debt Refinancing

The effects of the term loan refinancings resulting from Amendments No. 7 and 8 were as follows:

($ amounts in millions)	Balance before refinancing		Refinancing			Balance after refinancing
U.S. Dollar Tranche B-4 Term Loan due 2021	$	1,467.6	$	(1,467.6	)	$	—
U.S. Dollar Tranche B-6 Term Loan due 2021	—		1,231.0			1,231.0
U.S. Dollar Tranche B-5 Term Loan due 2020	603.9		(603.9		)	—
U.S. Dollar Tranche B-7 Term Loan due 2020	—		680.0			680.0
Euro Tranche C-3 Term Loan due 2021	462.3		(462.3		)	—
Euro Tranche C-5 Term Loan due 2021	—		697.5			697.5
Euro Tranche C-4 Term Loan due 2020	814.0		(814.0		)	—
Euro Tranche C-6 Term Loan due 2020	—		740.0			740.0
Totals repriced first lien debt	$	3,347.8	$	0.7		$	3,348.5