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Debt (Tables) | 3 Months Ended
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Mar. 31, 2021
Debt Disclosure [Abstract] |
Debt and capital lease obligations | The Company’s debt obligations consisted of the following:
(dollars in millions) | Maturity Date |  | Interest Rate |  | March 31, 2021 |  | December 31, 2020
Term Loans (1) | 2026 |  | LIBOR plus 2.00% |  | $ | 726.0 |  |  | $ | 727.5 |
Senior Notes - $800 million (2) | 2028 |  | 3.875% |  | 788.4 |  |  | 788.0 |
Total debt |  | 1,514.4 |  |  | 1,515.5 |
Less: current installments of long-term debt |  | 7.4 |  |  | 7.4 |
Total long-term debt |  | $ | 1,507.0 |  |  | $ | 1,508.1 |
(1) Term loans, net of unamortized discounts and debt issuance costs of $7.2 million and $7.6 million at March 31, 2021 and December 31, 2020, respectively. The effective interest rate was 2.3% and 2.4% at March 31, 2021 and December 31, 2020, respectively, including the effects of interest rate swaps and net investment hedges. See Note 6, Financial Instruments, for further information regarding the Company's interest rate swaps and net investment hedges. (2) Senior notes, net of unamortized debt issuance costs of $11.6 million and $12.0 million at March 31, 2021 and December 31, 2020, respectively. The effective interest rate was 4.1% at March 31, 2021 and December 31, 2020, respectively.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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