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Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
 
 
 
 
As of June 30, 2020
 
As of December 31, 2019
 
 
Maturity Date
 
Interest Rate
 
Amount
 
Interest Rate
 
Amount
Credit Facilities
 
 
 
 
 
 
 
 
 
 
CDW UK revolving credit facility(1)
 
July 2021
 
%
 
$

 
%
 
$

Senior secured asset-based revolving credit facility
 
March 2022
 
1.438
%
 
50.0

 
5.000
%
 
51.0

Total credit facilities
 
 
 
 
 
50.0

 
 
 
51.0

 
 
 
 
 
 
 
 
 
 
 
Term Loans
 
 
 
 
 
 
 
 
 
 
CDW UK term loan(1)
 
August 2021
 
1.622
%
 
57.0

 
2.190
%
 
61.0

Senior secured term loan facility
 
October 2026
 
1.930
%
 
1,430.8

 
3.550
%
 
1,438.3

Total term loans
 
 
 
 
 
1,487.8

 
 
 
1,499.3

 
 
 
 
 
 
 
 
 
 
 
Unsecured Senior Notes
 
 
 
 
 
 
 
 
 
 
Senior notes due 2024
 
December 2024
 
5.500
%
 
575.0

 
5.500
%
 
575.0

Senior notes due 2025
 
May 2025
 
4.125
%
 
600.0

 
%
 

Senior notes due 2025
 
September 2025
 
5.000
%
 
600.0

 
5.000
%
 
600.0

Senior notes due 2028
 
April 2028
 
4.250
%
 
600.0

 
4.250
%
 
600.0

Total unsecured senior notes
 
 
 
 
 
2,375.0

 
 
 
1,775.0

 
 
 
 
 
 
 
 
 
 
 
Other long-term obligations
 
 
 
 
 
12.7

 
 
 
12.6

Unamortized deferred financing fees
 
 
 
 
 
(26.0
)
 
 
 
(20.6
)
Current maturities of long-term debt
 
 
 
 
 
(37.9
)
 
 
 
(34.1
)
Total long-term debt
 
 
 
 
 
$
3,861.6

 
 
 
$
3,283.2

(1)
British pound-denominated debt facilities.
Carrying Value of Long-Term Debt
The approximate fair values and related carrying values of the Company's long-term debt, including current maturities and excluding unamortized discount and unamortized deferred financing fees, are as follows:
 
 
June 30, 2020
 
December 31, 2019
Fair value
 
$
3,965.2

 
$
3,447.5

Carrying value
 
3,925.5

 
3,337.9