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v3.19.3.a.u2

Debt (Tables) | 12 Months Ended
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Dec. 31, 2019
Debt Disclosure [Abstract] |
Components of Debt | Debt consisted of the following at December 31:
(DOLLARS IN THOUSANDS) | Effective Interest Rate |  | 2019 |  | 2018
2020 Notes(1) | 3.69 | % |  | $ | 299,381 |  |  | $ | 298,499 |
2021 Euro Notes(1) | 0.82 | % |  | 334,561 |  |  | 337,704 |
2023 Notes(1) | 3.30 | % |  | 299,004 |  |  | 298,698 |
2024 Euro Notes(1) | 1.88 | % |  | 558,124 |  |  | 564,034 |
2026 Euro Notes(1) | 1.93 | % |  | 890,183 |  |  | 899,886 |
2028 Notes(1) | 4.57 | % |  | 396,688 |  |  | 396,377 |
2047 Notes(1) | 4.44 | % |  | 493,571 |  |  | 493,151 |
2048 Notes(1) | 5.12 | % |  | 785,996 |  |  | 785,788 |
Term Loan(1) | 3.65 | % |  | 239,621 |  |  | 349,163 |
Amortizing Notes(1) | 6.09 | % |  | 82,079 |  |  | 125,007 |
Bank overdrafts and other |  |  | 3,131 |  |  | 4,695 |
Deferred realized gains on interest rate swaps |  |  | 57 |  |  | 57 |
Total debt |  |  | $ | 4,382,396 |  |  | $ | 4,553,059 |
Less: Short term borrowings(2) |  |  | (384,958 | ) |  | (48,642 | )
Total Long-term debt |  |  | $ | 3,997,438 |  |  | $ | 4,504,417 |
_______________________
(1) | Amount is net of unamortized discount and debt issuance costs.
(2)
Debt Instrument Redemption | However, no make-whole premium will be paid for redemptions of each note on or after the following date:
Note |  | Redemption Date
2020 Notes |  | September 25, 2020
2021 Euro Notes |  | August 25, 2021
2023 Notes |  | February 1, 2023
2024 Euro Notes |  | December 14, 2023
2026 Euro Notes |  | June 25, 2026
2028 Notes |  | June 26, 2028
2047 Notes |  | December 1, 2046
2048 Notes |  | March 26, 2048
Schedule of Maturities of Long-term Debt | The following table shows the contractual maturities of the Company's long-term debt as of December 31, 2019.
| Payments Due by Period
(DOLLARS IN THOUSANDS) | Total |  | Less than 1 Year |  | 1-3 Years |  | 3-5 Years |  | More than 5 Years
2020 Notes | $ | 300,000 |  |  | $ | 300,000 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
2021 Euro Notes | 336,360 |  |  | — |  |  | 336,360 |  |  | — |  |  | — |
2023 Notes | 300,000 |  |  | — |  |  | — |  |  | 300,000 |  |  | — |
2024 Euro Notes | 560,600 |  |  | — |  |  | — |  |  | 560,600 |  |  | — |
2026 Euro Notes | 896,960 |  |  | — |  |  | — |  |  | — |  |  | 896,960 |
2028 Notes | 400,000 |  |  | — |  |  | — |  |  | — |  |  | 400,000 |
2047 Notes | 500,000 |  |  | — |  |  | — |  |  | — |  |  | 500,000 |
2048 Notes | 800,000 |  |  | — |  |  | — |  |  | — |  |  | 800,000 |
Term Loan | 240,000 |  |  | 35,000 |  |  | 205,000 |  |  | — |  |  | — |
Amortizing Notes | 83,433 |  |  | 47,001 |  |  | 36,432 |  |  | — |  |  | — |
Total | $ | 4,417,353 |  |  | $ | 382,001 |  |  | $ | 577,792 |  |  | $ | 860,600 |  |  | $ | 2,596,960 |

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- Definition Tabular disclosure of debt instruments or arrangements with redemption features. Includes, but is not limited to, description of debt redemption features, percentage price at which debt can be redeemed by the issuer, and period start and end for debt maturity or redemption. + References No definition available. + Details
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