Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2019

The disclosures below include details of the company’s debt. Debt of CIP is detailed in Note 14, “Consolidated Investment Products.”



	September 30, 2019		December 31, 2018
$ in millions	Carrying Value ⁽²⁾	Fair Value	Carrying Value ⁽²⁾	Fair Value
$1.5 billion floating rate credit facility expiring August 11, 2022	216.9	216.9	330.8	330.8
Unsecured Senior Notes⁽¹⁾:
$600 million 3.125% - due November 30, 2022	597.9	614.6	597.5	585.2
$600 million 4.000% - due January 30, 2024	595.6	639.2	594.9	594.5
$500 million 3.750% - due January 15, 2026	496.0	535.7	495.6	487.6
$400 million 5.375% - due November 30, 2043	390.2	483.8	390.0	420.1
Long-term debt	2,296.6	2,490.2	2,408.8	2,418.2

____________


(1)	The company’s senior note indentures contain certain restrictions on mergers or consolidations. Beyond these items, there are no other restrictive covenants in the indentures.

(2)

The difference between the principal amounts and the carrying values of the senior notes in the table above reflect the unamortized debt issuance costs and discounts.

- 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.

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+ Details