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Debt (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Summary of Debt

At December 31, 2017 and 2016, our long-term debt and interest rates on that debt were as follows (dollars in millions):

 

 

 

December 31, 2017

 

 

December 31, 2016

 

 

 

Amount

 

 

Interest Rate

 

 

Amount

 

 

Interest rate

 

Revolving Credit Facility, due August 2021

 

$

 

 

 

%

 

$

 

 

 

%

Five-Year Term Loan, due August 2021

 

 

 

 

 

%

 

 

380.2

 

 

 

2.02

%

Seven-Year Term Loan, due October 2020

 

 

 

 

 

%

 

 

630.5

 

 

 

2.40

%

6.50% Senior Notes due March 2018

 

 

150.0

 

 

 

6.50

%

 

 

150.0

 

 

 

6.50

%

2.45% Senior Notes, net of discount of $0.5 million

   as of December 31, 2017 due December 2020

 

 

499.5

 

 

 

2.45

%

 

 

 

 

 

%

3.90% Senior Notes, net of discounts of $0.2 million

   and $0.2 million as of December 30, 2017 and 2016,

   respectively, due June 2022

 

 

399.8

 

 

 

3.90

%

 

 

399.8

 

 

 

3.90

%

4.50% Senior Notes, net of discount of $1.2 million

   a $1.4 million as of December 30, 2017 and 2016,

   respectively, due November 2023

 

 

698.8

 

 

 

4.50

%

 

 

698.6

 

 

 

4.50

%

3.65% Senior Notes, net of discount of $0.8 million

   and $0.9 million as of December 31, 2017 and 2016,

   respectively, due September 2024

 

 

399.2

 

 

 

3.65

%

 

 

399.1

 

 

 

3.65

%

3.40% Senior Notes, net of discount of $1.6 million

   as of December 31, 2017 due December 2027

 

 

498.4

 

 

 

3.40

%

 

 

 

 

 

%

Total

 

 

2,645.7

 

 

 

3.80

%

 

 

2,658.2

 

 

 

3.54

%

Less current portion

 

 

150.0

 

 

 

6.50

%

 

 

25.8

 

 

 

2.11

%

Less unamortized debt issuance costs

 

 

15.3

 

 

 

 

 

 

 

12.5

 

 

 

 

 

Total long-term debt

 

$

2,480.4

 

 

 

3.64

%

 

$

2,620.0

 

 

 

3.57

%