Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2018

Debt consists of the following:



				Carrying Value at
	Maturity Date	Interest Rate at December 31, 2018		December 31, 2018			December 31, 2017
Senior Notes due 2027	April 15, 2027	6.625	%	$	350.0		$	350.0
Revolving credit facility	April 17, 2022	3.48	%	165.1			124.7
Industrial Equipment Group European Facilities	December 21, 2021	3.25	%	12.6			27.0
Capital leases	Various	Various		20.7			20.3
Other	Various	Various		24.7			19.9
Total debt				573.1			541.9
Less: Current portion of long-term debt				(14.2		)	(15.4		)
Less: Short-term debt				(3.7		)	(2.3		)
Less: Unamortized debt issuance costs				(7.7		)	(8.7		)
Total long-term debt, net				$	547.5		$	515.5

Fair value of debt

The following table represents fair value information of the Notes, classified as Level 1, at December 31, 2018 and 2017. The fair value was estimated using quoted market prices.



	December 31, 2018		December 31, 2017
Carrying amount	$	350.0	$	350.0
Fair value	$	345.8	$	380.6

Maturities of long-term debt

Maturities of short-term and long-term debt, excluding capital leases, during each of the five years subsequent to December 31, 2018 are as follows:



2019	$	11.3
2020	$	10.3
2021	$	4.1
2022	$	167.7
2023	$	2.6

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details