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Debt (Tables) | 12 Months Ended
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Dec. 31, 2016
Debt Disclosure [Abstract] |
Schedule of Borrowings Outstanding | Debt for the Company consists of the following:
(in millions) | December 31, 2016 |  | December 31, 2015 |  |
Debt: | Amount |  | Rate |  | Amount |  | Rate |  | Maturity Date
2016 Credit Agreement: |  |  |  |  |  |  |  |  |
Term A Facility | $ | 585.0 |  |  | (1) |  | $ | — |  |  | N/A |  | April 6, 2021
Revolving Credit Facility | 156.9 |  |  | (1) |  | — |  |  | N/A |  | April 6, 2021
2012 Credit Agreement: |  |  |  |  |  |  |  |  |
Term A Facility | — |  |  | N/A |  | 409.4 |  |  | (2) |  |
Term B Facility | — |  |  | N/A |  | 100.1 |  |  | (3) |  |
2026 Senior Notes | 600.0 |  |  | 5.500% |  | — |  |  | N/A |  | June 15, 2026
2023 Senior Notes | 450.0 |  |  | 5.625% |  | 450.0 |  |  | 5.625% |  | October 15, 2023
2020 Senior Notes | — |  |  | N/A |  | 375.0 |  |  | 6.875% |  |
8.0% Sealy Notes | — |  |  | 8.0% |  | 111.1 |  |  | 8.0% |  |
Capital lease obligations (4) | 73.3 |  |  |  |  | 21.2 |  |  |  |  | Various
Other | 35.8 |  |  |  |  | 12.8 |  |  |  |  |
Total debt | 1,901.0 |  |  |  |  | 1,479.6 |  |  |  |  |
Less: deferred financing costs | (12.9 | ) |  |  |  | (24.8 | ) |  |  |  |
Total debt, net | 1,888.1 |  |  |  |  | 1,454.8 |  |  |  |  |
Less: current portion | (70.3 | ) |  |  |  | (181.5 | ) |  |  |  |
Total long term debt, net | $ | 1,817.8 |  |  |  |  | $ | 1,273.3 |  |  |  |  |
(1) | Interest at LIBOR plus applicable margin of 1.50% as of December 31, 2016.
(2) | Interest at LIBOR plus applicable margin of 2.00% as of December 31, 2015.
(3) | Interest at LIBOR, subject to a 0.75% floor plus applicable margin of 2.75% as of December 31, 2015.
(4) | Capital lease obligations are a non-cash financing activity.
Schedule of Estimated Fair Values of Debt Instruments | The fair values of material financial instruments are as follows:
|  | Fair Value
(in millions) |  | December 31, 2016 |  | December 31, 2015
2020 Senior Notes |  | $ | — |  |  | $ | 393.8 |
2023 Senior Notes |  | 468.5 |  |  | 453.4 |
2026 Senior Notes |  | 606.8 |  |  | — |
8.0% Sealy Notes |  | — |  |  | 112.7 |
Schedule of Maturities of Long-term Debt | As of December 31, 2016, the scheduled maturities of long-term debt outstanding, including capital lease obligations, for each of the next five years and thereafter are as follows:
(in millions) |  |
2017 |  | $ | 70.3 |
2018 |  | 34.9 |
2019 |  | 42.9 |
2020 |  | 58.5 |
2021 |  | 598.6 |
Thereafter |  | 1,095.8 |
Total |  | $ | 1,901.0 |

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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