XML 48 R34.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt (Tables)
 9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Debt Maturing within One Year
Debt maturing within one year:
(in Millions)
September 30, 2017
 
December 31, 2016
Short-term foreign debt (1)
$
100.1

 
$
85.5

Commercial paper (2)
8.4

 
6.3

Total short-term debt
$
108.5

 
$
91.8

Current portion of long-term debt
105.7

 
2.4

Short-term debt and current portion of long-term debt
$
214.2

 
$
94.2


____________________
(1)
At September 30, 2017, the average interest rate on the borrowings was 8.4%.
(2)
At September 30, 2017, the average effective interest rate on the borrowings was 1.5%.
Schedule of long-term debt
Long-term debt:
(in Millions)
September 30, 2017
 
 
 
 
Interest Rate Percentage
 
Maturity
Date
 
September 30, 2017
 
December 31, 2016
Pollution control and industrial revenue bonds (less unamortized discounts of $0.2 and $0.2, respectively)
1.1 - 6.5%
 
2021 - 2032
 
$
51.6

 
$
51.6

Senior notes (less unamortized discount of $1.2 and $1.4, respectively)
3.95 - 5.2%
 
2019 - 2024
 
998.8

 
998.6

2014 Term Loan Facility
2.5%
 
2020
 
450.0

 
750.0

2017 Term Loan Facility
2.5%
 
2022
 
—

 
—

Revolving Credit Facility (1)
3.8%
 
2022
 
—

 
—

Foreign debt
0 - 10.8%
 
2018 - 2024
 
112.2

 
10.7

Debt issuance cost
 
 
 
 
(14.0
)
 
(9.7
)
Total long-term debt
 
 
 
 
$
1,598.6

 
$
1,801.2

Less: debt maturing within one year
 
 
 
 
105.7

 
2.4

Total long-term debt, less current portion
 
 
 
 
$
1,492.9

 
$
1,798.8

____________________
(1)
Letters of credit outstanding under our Revolving Credit Facility totaled $136.1 million and available funds under this facility were $1,355.5 million at September 30, 2017.