DEBT

3 Months Ended

Apr. 03, 2020

Debt is summarized below:


(In millions)	April 3, 2020		January 3, 2020
Long-term debt:
6.00% Senior notes due 2025	$	247.4	$	247.3
5.50% Senior notes due 2023	348.1		347.9
5.125% Senior notes due 2021	398.5		398.3
Revolving lines of credit	310.0		56.0
Finance lease obligations	7.9		6.0
Other	9.1		8.8
Unamortized deferred financing costs	(4.2)		(4.6)
Total long-term debt	$	1,316.8	$	1,059.7

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 April 3, 2020, the Company's total carrying value and estimated fair value of debt outstanding was $1,316.8 million and $1,317.8 million, respectively. This compares to a carrying value and estimated fair value of debt outstanding at January 3, 2020 of $1,059.7 million and $1,122.1 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.