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External Debt and Financing Arrangements (Tables)
3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Summary of Outstanding Notes The following table provides a summary of the Company’s outstanding Notes, including the net carrying value of the Notes, net of underwriting commissions, price discounts, and debt issuance costs as of March 31, 2020 and December 31, 2019:

 

(in millions)

 

 

 

 

 

 

 

 

Net Carrying Value

 

Coupon Rate

Principal Amount

 

 

Issuance Date

 

Maturity Date

 

March 31, 2020

 

 

December 31, 2019

 

3.000% Senior Notes

$

400.0

 

 

June 2015

 

June 2020

 

$

399.9

 

 

$

399.7

 

4.000% Senior Notes

 

500.0

 

 

June 2015

 

June 2025

 

 

496.0

 

 

 

495.8

 

4.000% Senior Notes (the “2018 Notes”)

 

600.0

 

 

September 2018

 

September 2023

 

 

596.3

 

 

 

596.1

 

3.250% Senior Notes (the “2019 Notes”)

 

700.0

 

 

September 2019

 

September 2029

 

 

692.9

 

 

 

692.7

 

Total Senior Notes

$

2,200.0

 

 

 

 

 

 

$

2,185.1

 

 

$

2,184.3