Debt and Other Borrowings (Tables)

3 Months Ended

Mar. 31, 2020

The following is a summary of obligations under senior notes and other borrowings at March 31, 2020 and December 31, 2019:


(In millions)	March 31, 2020			December 31, 2019
5.5% Senior Notes due in 2026, net of unamortized debt issuance costs of $3.7 million and $3.9 million, respectively, at March 31, 2020 and December 31, 2019	$	346.3		$	346.1
Revolving credit facility due 2023⁽¹⁾	—			—
Other borrowings⁽²⁾	5.2			3.1
Total debt	351.5			349.2
Less: debt payable within one year	2.9			2.7
Debt payable after one year	$	348.6		$	346.5
Weighted average interest rates on total debt obligations	5.5		%	5.5		%

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⁽¹⁾Represents borrowings under the Revolving Credit Facility with an aggregate available principal amount of $350.0 million as of March 31, 2020 and December 31, 2019.

⁽²⁾Represents borrowings of $1.7 million and $1.8 million, respectively, at March 31, 2020 and December 31, 2019, under various lines of credit and other borrowings, primarily by non-U.S. subsidiaries, as well as $3.5 million and $1.3 million, respectively, of finance lease obligations.

Principal Maturities of Debt and Finance Lease Obligations Outstanding

The principal maturities of debt obligations outstanding, net of debt issuance costs, were as follows at March 31, 2020:


(In millions)	Amount
Remainder of 2020	$	2.9
2021	0.6
2022	0.6
2023	0.6
2024	0.5
Thereafter	346.3
Total debt	$	351.5

Carrying Amounts and Fair Values of Debt Instruments

The carrying amount and fair value of GCP's debt and other borrowings were as follows:


	March 31, 2020						December 31, 2019
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value



5.5% Senior Notes due in 2026	$	346.3	$	328.7	$	346.1	$	366.3
Other borrowings	5.2		5.2		3.1		3.1
Total debt	$	351.5	$	333.9	$	349.2	$	369.4