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Long-Term Debt (Tables)
 3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consisted of the following:
EffectiveMarch 31, 2021December 31, 2020
In millionsInterest RateBook Value
Fair Value 1
Book Value
Fair Value 1
Senior Credit and 364 Day Facility:
U.S. dollar-denominated Term Loans, net of unamortized debt issuance costs of $0.5 and $0.9
2.3 %625.5 625.5 645.1 645.1 
Multi-Currency Revolving loan facility net of unamortized debt issuance costs of $0.4 and $0.8
1.5 %149.6 149.6 — — 
Senior Notes:
4.375% Senior Notes, due 2023, net of unamortized discount and debt issuance costs of $0.6 and $0.7
4.5 %249.4 266.4 249.3 267.0 
4.15% Senior Notes, due 2024, net of unamortized debt issuance costs of $4.0 and $4.3
4.6 %746.0 810.8 745.7 817.3 
3.20% Senior Notes, due 2025, net of unamortized debt discount and debt issuance costs of $4.1 and $4.4
3.4 %495.9 524.8 495.6 533.4 
3.45% Senior Notes, due 2026, net of unamortized debt issuance costs of $1.2 and $1.3
3.5 %748.8 803.1 748.7 819.5 
4.70% Senior Notes, due 2028, net of unamortized debt issuance costs of $8.0 and $8.2
5.0 %1,242.1 1,419.1 1,241.8 1472.2
Other Borrowings19.9 19.9 113.2 113.1 
Total4,277.2 4,619.2 4,239.4 4,667.6 
Less - current portion353.9 353.9 447.2 447.2 
Long-term portion$3,923.3 $4,265.3 $3,792.2 $4,220.4 
1. See Note 14 for information on the fair value measurement of the Company's long-term debt.
Schedule of Debt
The Company has agreed that, so long as any lender has any commitment under the Senior Credit Facility, any letter of credit is outstanding under the Senior Credit Facility, or any loan or other obligation is outstanding under the Senior Credit Facility, it will maintain the following as of the end of each fiscal quarter or the period of four quarters the ended:
Interest Coverage Ratio 1
3.0x
Leverage Ratio 2
3.25x
1. The interest coverage ratio is defined as EBITDA (defined as earnings before interest, taxes, depreciation and amortization), as defined in the Senior Credit Facility, to net interest expense for the four quarters then ended.
2. The leverage ratio is defined as net debt as of the last day of such fiscal quarter to EBITDA, as defined in the Senior Credit Facility, for the four quarters then ended.
Schedule of Line of Credit Facilities
The following table presents availability under the Revolving Credit Facility and the 364 Day Revolver (the "Revolving Facilities"):
(in millions)Revolving Credit Facility364 Day Revolver
Maximum Availability$1,200.0 $144.0 
Outstanding Borrowings(149.6)— 
Letters of Credit Under Credit Agreement(5.8)— 
Current Availability$1,044.6 $144.0