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Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt | The Company's long-term debt consists of the following (annualized interest rates, dollars in millions):
| As of
| December 31, 2020 |  | December 31, 2019
Amended Credit Agreement: |  |  |
Revolving Credit Facility due 2024, interest payable monthly at 1.90% and 3.30%, respectively | $ | 700.0 |  |  | $ | 800.0 |
Term Loan "B" Facility due 2026, interest payable monthly at 2.15% and 3.80%, respectively | 1,614.5 |  |  | 1,630.9 |
3.875% Notes due 2028 (1) | 700.0 |  |  | — |
1.00% Notes due 2020 (2) | — |  |  | 690.0 |
1.625% Notes due 2023 (3) | 575.0 |  |  | 575.0 |
Other long-term debt (4) | — |  |  | 53.3 |
Gross long-term debt, including current maturities | 3,589.5 |  |  | 3,749.2 |
Less: Debt discount (5) | (69.7) |  |  | (102.7) |
Less: Debt issuance costs (6) | (28.5) |  |  | (34.0) |
Net long-term debt, including current maturities | 3,491.3 |  |  | 3,612.5 |
Less: Current maturities | (531.6) |  |  | (736.0) |
Net long-term debt | $ | 2,959.7 |  |  | $ | 2,876.5 |
_______________________ (1)Interest is payable on March 1 and September 1 of each year at 3.875% annually. (2)Interest was payable on June 1 and December 1 of each year at 1.00% annually. Balance was fully repaid during 2020. (3)Interest is payable on April 15 and October 15 of each year at 1.625% annually. (4)Consisted of a term loan, finance lease and other facility at certain international locations where interest is payable monthly or quarterly, with interest rates ranging between 1.00% and 1.48% and maturity dates in 2020. (5)Debt discount of $6.5 million and zero for the 3.875% Notes, zero and $20.4 million for the 1.00% Notes, $54.2 million and $71.8 million for the 1.625% Notes and $9.0 million and $10.5 million for the Term Loan "B" Facility, in each case as of December 31, 2020 and December 31, 2019, respectively. (6)Debt issuance costs of $2.3 million and zero for the 3.875% Notes, zero and $2.8 million for the 1.00% Notes, $5.2 million and $6.9 million for the 1.625% Notes and $21.0 million and $24.3 million for the Term Loan "B" Facility, in each case as of December 31, 2020 and December 31, 2019, respectively.
Schedule of Annual Maturities Relating to Long-Term Debt | Expected maturities relating to the Company’s gross long-term debt (including current maturities) as of December 31, 2020 are as follows (in millions):
|  | Annual Maturities
2021 |  | $ | 591.4 |
2022 |  | 16.3 |
2023 |  | 16.3 |
2024 |  | 716.4 |
2025 |  | 16.3 |
Thereafter |  | 2,232.8 |
Total |  | $ | 3,589.5 |

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