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Debt (Tables)
12 Months Ended
Dec. 31, 2018
Debt [Abstract]  
Debt
Debt as of December 31, 2018 and 2017 consisted of the following.
  
2018
  
2017
 
Short-term borrowings
 
$
-
  
$
-
 
Long-term debt:
        
Revolving credit facility, due 2020
 
$
-
  
$
-
 
Receivables financing agreement, due 2020
  
-
   
-
 
Term loan denominated in U.S. dollars, due 2024(1)
  
952.6
   
1,282.3
 
Term loan denomoinated in Euros, due 2024(2)
  
696.5
   
735.9
 
Capitalized leases and other long-term debt
  
26.3
   
26.9
 
Unamortized debt issuance costs
  
(3.3
)
  
(4.9
)
Total long-term debt, net, including current maturities
  
1,672.1
   
2,040.2
 
Current maturities of long-term debt
  
7.9
   
20.9
 
Total long-term debt, net
 
$
1,664.2
  
$
2,019.3
 


(1)
As of December 31, 2018, the applicable interest rate was 5.27% and the weighted-average rate was 4.84% for the year ended December 31, 2018.


(2)
As of December 31, 2018, the applicable interest rate was 3.00% and the weighted-average rate was 3.00% for the year ended December 31, 2018.