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Debt | 3 Months Ended
--- | ---
Mar. 31, 2020
Debt |
Debt | 10. Debt ​ The Company’s debt obligations as of March 31, 2020 and December 31, 2019 consisted of the following (dollars in millions): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, |  | December 31,
​ |  | 2020 |  | 2019
US Dollar notes under the 2012 Note Purchase Agreement | ​ | $ | 205.0 | ​ | $ | 205.0
CHF Dollar notes under the 2019 Note Purchase Agreement | ​ | ​ | 307.7 | ​ | ​ | 306.8
US Dollar notes under the 2019 Term Loan | ​ | ​ | 300.0 | ​ | ​ | 300.0
US Dollar under the 2019 Revolving Credit Agreement | ​ |  | 196.3 | ​ |  | —
Unamortized debt issuance costs | ​ | ​ | (2.5) | ​ | ​ | (2.6)
Capital lease obligations and other loans | ​ |  | 4.1 | ​ |  | 4.1
Total debt | ​ |  | 1,010.6 | ​ |  | 813.3
Current portion of long-term debt | ​ |  | (95.8) | ​ |  | (0.5)
Total long-term debt, less current portion | ​ | $ | 914.8 | ​ | $ | 812.8
​ The following is a summary of the maximum commitments and the net amounts available to the Company under its credit agreements and other lines of credit with various financial institutions located primarily in Germany and Switzerland that are unsecured and typically due upon demand with interest payable monthly, at March 31, 2020 (in millions): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Weighted |  | Total Amount |  | ​ | ​ |  | Outstanding |  | ​ | ​
​ | ​ | Average | ​ | Committed by | ​ | Outstanding | ​ | Letters of | ​ | Total Amount
​ |  | Interest Rate |  | Lenders |  | Borrowings |  | Credit |  | Available
2019 Credit Agreement |  | 1.3 | % | $ | 600.0 | ​ | $ | 196.3 | ​ | $ | 0.3 | ​ | $ | 403.4
Other lines of credit |  | 0.0 | % |  | 245.3 | ​ |  | — | ​ |  | 133.5 | ​ |  | 111.8
Total revolving lines of credit | ​ | ​ | ​ | $ | 845.3 | ​ | $ | 196.3 | ​ | $ | 133.8 | ​ | $ | 515.2
​ As of March 31, 2020, the Company was in compliance with the financial covenants of all debt agreements. ​ As of March 31, 2020, the Company has entered into several cross-currency and interest rate swap agreements with a notional value of $150.0 million of U.S. to Swiss Franc and a notional value of $355.0 million of U.S. to Euro to hedge the variability in the movement of foreign currency exchange rates on portions of our Euro and Swiss Franc denominated net asset investments. These agreements qualify for hedge accounting and accordingly the change in fair value of the derivative are recorded in other comprehensive income as part of foreign currency translation adjustments and remain in accumulated comprehensive income (loss) attributable to Bruker Corporation in shareholders' equity until the sale or substantial liquidation of the foreign operation. The difference between the interest rate received and paid under the interest rate and cross-currency swap agreements is recorded in interest and other income (expenses) in the consolidated statements of income and comprehensive income. As a result of entering into these agreements, the Company has lowered net interest expense by $2.6 million during the three months ended March 31, 2020. The gains (losses) related to hedges of net asset investments in international operations that were recorded within the cumulative translational adjustment section of other comprehensive income were $10.9 million for the three months ended March 31, 2020. The Company did not have any cross-currency and interest rate swap agreements for the three months ended March 31, 2019. The Company presents the cross-currency swap periodic settlements in investing activities and the interest rate swap periodic settlements in operating activities in the statement of cash flows.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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