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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2019
Long-Term Debt  
Schedule of debt

December 31, 2019

December 31, 2018

 

    

    

Carrying

    

Approximate

    

Carrying

    

Approximate

 

Maturity

Amount

Fair Value (1)

Amount

Fair Value (1)

Revolving Credit Facility

January 2024

$

$

$

$

U.S. Commercial Paper Program (less unamortized discount of nil and $0.5 at December 31, 2019 and 2018, respectively)

January 2024

160.0

160.0

554.5

554.5

Euro Commercial Paper Program (plus unamortized premium of nil and nil at December 31, 2019 and 2018, respectively)

January 2024

235.5

235.5

68.8

68.8

2.55% Senior Notes (less unamortized discount of nil at December 31, 2018)

January 2019

750.0

749.4

2.20% Senior Notes (less unamortized discount of nil and $0.1 at December 31, 2019 and 2018, respectively)

April 2020

400.0

400.0

399.9

395.5

3.125% Senior Notes (less unamortized discount of $0.1 and $0.1 at December 31, 2019 and 2018, respectively)

September 2021

227.6

231.0

374.9

374.2

4.00% Senior Notes (less unamortized discount of $0.2 and $0.4 at December 31, 2019 and 2018, respectively)

 

February 2022

294.8

304.0

499.6

508.8

3.20% Senior Notes (less unamortized discount of $0.2 and $0.3 at December 31, 2019 and 2018, respectively)

April 2024

349.8

363.7

349.7

334.5

2.000% Euro Senior Notes (less unamortized discount of $2.5 and $2.8 at December 31, 2019 and 2018, respectively)

October 2028

558.2

622.8

570.5

572.8

4.350% Senior Notes (less unamortized discount of $0.4 at December 31, 2019)

June 2029

499.6

562.9

2.800% Senior Notes (less unamortized discount of $0.7 at December 31, 2019)

February 2030

899.3

897.3

Notes payable to foreign banks and other debt

 

2020-2032

5.5

5.5

 

16.6

16.6

Less unamortized deferred debt issuance costs

(23.6)

(13.8)

Total debt

3,606.7

3,782.7

 

3,570.7

 

3,575.1

Less current portion

403.3

 

403.3

 

764.3

 

763.7

Total long-term debt

$

3,203.4

$

3,379.4

$

2,806.4

$

2,811.4

(1)The fair value of each series of the Company’s Senior Notes is based on recent bid prices in an active market and is therefore classified as Level 1 in the fair value hierarchy (Note 5).

Schedule of maturity of the Company's debt (exclusive of unamortized deferred debt issuance costs) over each of the next five years and thereafter

2020

$

403.5

 

2021

 

228.2

2022

 

295.2

2023

 

0.3

2024

 

745.5

Thereafter

 

1,957.6

$

3,630.3