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DEBT
3 Months Ended
Mar. 29, 2019
Text Block [Abstract]  
DEBT DEBT
Debt is summarized below:
(In millions)
 
March 29,
2019
 
December 28,
2018
Long-term debt:
 
 
 
 
6.00% Senior notes due 2025
 
$
247.0

 
$
246.9

5.50% Senior notes due 2023
 
347.5

 
347.4

5.125% Senior notes due 2021
 
397.6

 
397.4

Revolving lines of credit
 
368.2

 
260.0

Finance lease obligations
 
2.1

 
0.9

Other
 
11.5

 
6.1

Unamortized deferred financing costs
 
(5.6
)
 
(6.0
)
Total long-term debt
 
$
1,368.3

 
$
1,252.7


Fair Value of Debt
The fair value of Anixter's debt instruments is measured using observable market information which would be considered Level 2 in the fair value hierarchy described in accounting guidance on fair value measurements. The Company's fixed-rate debt consists of Senior notes due 2025, Senior notes due 2023 and Senior notes due 2021.
 
At March 29, 2019, the Company's total carrying value and estimated fair value of debt outstanding was $1,368.3 million and $1,416.4 million, respectively. This compares to a carrying value and estimated fair value of debt outstanding at December 28, 2018 of $1,252.7 million and $1,261.7 million, respectively. The increase in the carrying value and estimated fair value is primarily due to higher outstanding borrowings under Anixter's revolving lines of credit.