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Note 10 - Debt
 9 Months Ended
Sep. 30, 2021
Notes to Financial Statements  
Debt Disclosure [Text Block]

10. Debt:

 

The following table presents short-term and long-term debt by issuance as of September 30, 2021 and December 31, 2020:

 

 

Issuance Date

Maturity Date

 

2021

  

2020

 

Short-term debt and current portion of long-term debt:

          

Syndicated revolving credit facility

Various

Various

 $405.0  $50.0 

Senior notes:

          

4.125% senior notes, less unamortized discount and debt issuance costs of $(0.6)

9/12/2012

9/12/2022

  349.4   — 

5.800% senior notes, less unamortized discount and debt issuance costs of $(0.1)

4/6/2011

5/1/2021

  —   449.9 

Finance lease liabilities (1)

Various

Various

  12.2   14.4 

Short-term debt and current portion of long-term debt

  766.6   514.3 

Long-term debt:

          

Senior notes:

          

3.625% senior notes, less unamortized discount and debt issuance costs of $(10.4) and $(10.7), respectively

5/13/2020

5/15/2050

  489.6   489.3 

4.125% senior notes, inclusive of unamortized premium, and net of unamortized discount and debt issuance costs of $11.3 and $12.4, respectively

3/6/2019

3/15/2029

  611.3   612.4 

4.000% senior notes, less unamortized discount and debt issuance costs of $(4.5) and $(5.4), respectively

5/15/2015

6/15/2025

  895.5   894.6 

5.500% senior notes, less unamortized discount and debt issuance costs of $(4.2) and $(4.3), respectively

5/15/2015

6/15/2045

  345.8   345.7 

4.125% senior notes, less unamortized discount and debt issuance costs of $(1.1)

9/12/2012

9/12/2022

  —   348.9 

Finance lease liabilities (1)

Various

Various

  2.2   10.3 

Syndicated revolving credit facility debt issuance costs

Various

Various

  (1.3)  (1.6)

Long-term debt

  2,343.1   2,699.6 

Total debt

 $3,109.7  $3,213.9 

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(1) Refer to Note 5. Leases

 

As of September 30, 2021 and December 31, 2020, we had senior notes with an aggregate principal amount of $2,700.0 million and $3,150.0 million outstanding, respectively, and were in compliance with our financial and other debt covenants.

 

As of September 30, 2021, we had a $1,000.0 million committed senior unsecured Credit Facility (the "Credit Facility") with Bank of America N.A., HSBC Bank USA, N.A., JP Morgan Chase Bank, N.A., Wells Fargo Bank, National Association, Citibank, N.A., Credit Suisse AG, Cayman Islands Branch, Morgan Stanley Bank, N.A., First Commercial Bank, Ltd., Los Angeles Branch, TD Bank, N.A., and the Northern Trust Company. The Credit Facility may be used for general corporate purposes, including working capital needs and capital expenditures, acquisitions, dividend payments, and the share repurchase program (the "Repurchase Program"). As of September 30, 2021, we were in compliance with all financial and other debt covenants under the Credit Facility. As of September 30, 2021 and December 31, 2020, the available capacity under the Credit Facility was $589.9 million and $944.6 million, net of the letters of credit of $5.1 million and $5.4 million, respectively. Subsequent to September 30, 2021, we made repayments of $20.0 million under the Credit Facility.