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Debt and Credit Facilities (Tables) | 12 Months Ended
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Dec. 31, 2016
Debt Disclosure [Abstract] |
Total Debt Outstanding | Our total debt outstanding consisted of the amounts set forth on the following table:
|  | December 31, |  |  | December 31, |
(In millions) |  | 2016 |  |  | 2015(3) |
Short-term borrowings (1) |  | $ | 92.6 |  |  | $ | 248.2 |
Current portion of long-term debt (2) |  |  | 328.1 |  |  |  | 46.6 |
Total current debt |  |  | 420.7 |  |  |  | 294.8 |
Term Loan A due July 2017(2) |  |  | — |  |  |  | 249.7 |
Term Loan A due July 2019(2) |  |  | 992.2 |  |  |  | 1,058.9 |
6.50% Senior Notes due December 2020 |  |  | 423.1 |  |  |  | 422.7 |
4.875% Senior Notes due December 2022 |  |  | 419.6 |  |  |  | 418.9 |
5.25% Senior Notes due April 2023 |  |  | 419.7 |  |  |  | 419.0 |
4.50% Senior Notes due September 2023 |  |  | 416.7 |  |  |  | 432.9 |
5.125% Senior Notes due December 2024 |  |  | 420.2 |  |  |  | 419.7 |
5.50% Senior Notes due September 2025 |  |  | 396.4 |  |  |  | 396.1 |
6.875% Senior Notes due July 2033 |  |  | 445.3 |  |  |  | 445.2 |
Other |  |  | 5.1 |  |  |  | 3.7 |
Total long-term debt, less current portion(5) |  |  | 3,938.3 |  |  |  | 4,266.8 |
Total debt(4)(6) |  | $ | 4,359.0 |  |  | $ | 4,561.6 |
(1) | Short-term borrowings of $92.6 million at December 31, 2016 are comprised of borrowings outstanding under various lines of credit. Short-term borrowings at December 31, 2015 are comprised primarily of $67.0 million of borrowings outstanding under our U.S. accounts receivable securitization program, $76.7 million of borrowings outstanding under our European accounts receivable securitization program, and $104.5 million borrowings outstanding under various lines of credit. As of December 31, 2016 and 2015, there were $52.9 million and $56.5 million of cash held on deposit, respectively, as a compensating balance for certain short-term borrowings.
(2) | The Term Loan A facilities due in July 2017 and the July 2019 prepayments are included in the current portion of long-term debt.
(3) | As of January 1, 2016, we have adopted ASU 2015-03 and ASU 2015-15 which resulted in $35.9 million of unamortized debt issuance costs being reclassified from other non-current assets to long-term debt as of December 31, 2015. See Note 2, “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” of the Notes to Consolidated Financial Statements for additional information related to this adoption.
(4) | As of December 31, 2016, our weighted average interest rate on our short-term borrowings outstanding was 4.8% and on our long-term debt outstanding was 4.7%. As of December 31, 2015, our weighted average interest rate on our short-term borrowings outstanding was 3.4% and on our long-term debt outstanding was 4.6%.
(5) | Amounts are net of unamortized discounts and issuance costs of $36.7 million as December 31, 2016 and $42.9 million as of December 31, 2015.
(6) | Long-term debt instruments are listed in order of priority.
Lines of Credit | The following table summarizes our available lines of credit and committed and uncommitted lines of credit, including the revolving credit facility discussed above, and the amounts available under our accounts receivable securitization programs.
|  | December 31, |  |  | December 31, |
(In millions) |  | 2016 |  |  | 2015 |
Used lines of credit (1)(2) |  | $ | 92.6 |  |  | $ | 248.2 |
Unused lines of credit |  |  | 1,166.7 |  |  |  | 1,039.9 |
Total available lines of credit(3) |  | $ | 1,259.3 |  |  | $ | 1,288.1 |
(1) | Includes total borrowings under the accounts receivable securitization programs, the revolving credit facility and borrowings under lines of credit available to several subsidiaries.
(2) | As of December 31, 2016 and 2015, there were $52.9 million and $56.5 million of cash held on deposit, respectively, as a compensating balance for certain short-term borrowings.
(3) | Of the total available lines of credit, $887.8 million were committed as of December 31, 2016.
Scheduled Annual Maturities for Next Five Years and Thereafter | The following table summarizes the scheduled annual maturities for the next five years and thereafter of our long-term debt, including the current portion of long-term debt and capital leases. This schedule represents the principle portion of our debt, and therefore excludes debt discounts, interest rate swaps and lender and finance fees.
Year |  | Amount (in millions) |
2017 |  | $ | 328.1 |
2018 |  |  | 75.9 |
2019 |  |  | 927.1 |
2020 |  |  | 425.9 |
2021 |  |  | 0.1 |
Thereafter |  |  | 2,546.1 |
Total |  | $ | 4,303.2 |

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