LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Components of Long-Term Debt

As of December 31, 2017 and 2016, the Company's debt balances consisted of the following:

	December 31,
	2017			2016
2016 Term Loan Facility: 2016 Term Loan due 2023, net of discounts and debt issuance costs (see (a) below)	$	1,735.9		$	1,747.8
2016 Revolving Credit Facility due 2021, net of debt issuance costs (see (b) below)	152.1			—
6.25% Senior Notes due 2024, net of debt issuance costs (see (c) below)	440.3			439.1
5.75% Senior Notes due 2021, net of debt issuance costs (see (d) below)	495.1			493.8
Spanish Government Loan due 2025	0.5			0.5
	2,823.9			2,681.2
Less current portion (*)	(170.2		)	(18.1		)
	$	2,653.7		$	2,663.1

^(*) At December 31, 2017, the Company classified $170.2 million as its current portion of long-term debt, comprised primarily of $152.1 million of net borrowings under the 2016 Revolving Credit Facility, net of debt issuance costs, and $18.1 million of amortization payments on the 2016 Term Loan Facility scheduled to be paid over the next four calendar quarters. At December 31, 2016, the Company classified $18.1 million as its current portion of long-term debt, comprised primarily of $18 million of amortization payments on the 2016 Term Loan Facility.

Debt Redemption Prices

Optional Redemption: The 5.75% Senior Notes may be redeemed at Products Corporation's option, at any time as a whole, or from time-to-time in part, at the following redemption prices (expressed as percentages of principal amount), plus accrued interest to the date of redemption, if redeemed during the 12-month period beginning on February 15^th of the years indicated below:

Period	Percentage
2017	102.875	%
2018	101.438	%
2019 and thereafter	100.000	%

On and after August 1, 2019, Products Corporation may redeem the 6.25% Senior Notes at its option, at any time as a whole, or from time to time in part, at the following redemption prices (expressed as percentages of principal amount), plus accrued interest to (but not including) the date of redemption, if redeemed during the 12-month period beginning on August 1 of the years indicated below:

Period	Optimal Redemption Premium Percentage
2019	104.688	%
2020	103.125	%
2021	101.563	%
2022 and thereafter	100.000	%

Long-Term Debt Maturities

The aggregate amounts of contractual long-term debt maturities at December 31, 2017 in the years 2018 through 2022 and thereafter are as follows:

Years Ended December 31,	Long-Term Debt Maturities
2018	$	175.1		(a)
2019	18.1			(b)
2020	18.1			(b)
2021	518.1			(c)
2022	18.1			(b)
Thereafter	2,137.5
Total long-term debt	2,885.0
Discounts and deferred finance charges	(61.1		)
Total long-term debt, net of discounts and deferred finance charges	$	2,823.9

^(a)  Amount consists primarily of $157 million in aggregate principal amount of borrowings under the 2016 Revolving Credit Facility and the quarterly amortization payments required under the 2016 Term Loan Facility.

^(b)  Amount consists primarily of quarterly amortization payments described in (a) above.

^(c)  Amount is primarily comprised of the $500 million in aggregate principal amount outstanding as of December 31, 2017 under the 5.75% Senior Notes, which mature on February 15, 2021, and the quarterly amortization payment described in (a) above.