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DEBT (Tables)
3 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]  
Long-Term Debt

Long-term debt consisted of the following:

 

In millions

 

 

March 31, 2018

 

 

December 31, 2017

 

Obligations under capital leases

$

19.3

 

 

$

9.4

 

$1.2 billion senior credit facility weighted average rate 2.74% in 2018 and 2.55% in 2017, due in 2022

 

446.9

 

 

 

471.7

 

$950 million term loan weighted average rate 3.20% in 2018 and 2.83% in 2017, due in 2022

 

938.1

 

 

 

950.0

 

$125 million private placement notes 2.68%, due in 2019

 

125.0

 

 

 

125.0

 

$225 million private placement notes 4.47%, due in 2020

 

225.0

 

 

 

225.0

 

$150 million private placement notes 2.89%, due in 2021

 

150.0

 

 

 

150.0

 

$125 million private placement notes 3.26%, due in 2022

 

125.0

 

 

 

125.0

 

$200 million private placement notes 2.72%, due in 2022

 

200.0

 

 

 

200.0

 

$100 million private placement notes 2.79%, due in 2023

 

100.0

 

 

 

100.0

 

$150 million private placement notes 3.18%, due in 2023

 

150.0

 

 

 

150.0

 

Promissory notes and deferred consideration weighted average rate 1.59% in 2018 and 1.49% in 2017 and weighted average maturity 2.9 years in 2018 and 2017

 

153.0

 

 

 

155.9

 

Foreign bank debt weighted average rate 5.38% in 2018 and 6.11% in 2017 and weighted average maturity 1.5 years in 2018 and 1.7 years in 2017

 

87.7

 

 

 

85.2

 

Total debt

 

2,720.0

 

 

 

2,747.2

 

Less: current portion of total debt

 

121.9

 

 

 

119.5

 

Less: unamortized debt issuance costs

 

11.9

 

 

 

12.4

 

Long-term portion of total debt

$

2,586.2

 

 

$

2,615.3