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Debt | 6 Months Ended
--- | ---
Jun. 30, 2018
Debt Disclosure [Abstract] |
Debt | Debt Debt consisted of the following:
| Interest Rate as of June 30, 2018 |  | Principal Amount |  | Maturity Date
| June 30, 2018 |  | December 30, 2017 |
Senior Secured Credit Facility: |  |  |  |  |  |  |
Revolving Loan Facility | 3.60% |  | $ | 488,000 |  |  | $ | — |  |  | December 2022
Term Loan A | 3.48% |  | 731,250 |  |  | 750,000 |  |  | December 2022
Term Loan B | 3.84% |  | 497,500 |  |  | 500,000 |  |  | December 2024
Australian Term A-1 | 3.47% |  | 128,860 |  |  | 135,826 |  |  | July 2019
4.875% Senior Notes | 4.88% |  | 900,000 |  |  | 900,000 |  |  | May 2026
4.625% Senior Notes | 4.63% |  | 900,000 |  |  | 900,000 |  |  | May 2024
3.5% Senior Notes | 3.50% |  | 584,249 |  |  | 599,649 |  |  | June 2024
European Revolving Loan Facility | 1.50% |  | 116,850 |  |  | 81,539 |  |  | September 2018
Accounts Receivable Securitization Facility | 2.81% |  | 153,386 |  |  | 125,209 |  |  | March 2019
Other International Debt | Various |  | 22,103 |  |  | 1,044 |  |  | Various
|  |  | 4,522,198 |  |  | 3,993,267 |  |  |
Less long-term debt issuance cost |  |  | 38,262 |  |  | 41,624 |  |  |
Less current maturities |  |  | 334,735 |  |  | 249,589 |  |  |
|  |  | $ | 4,149,201 |  |  | $ | 3,702,054 |  |  |
As of June 30, 2018, the Company had $507,915 of borrowing availability under the $1,000,000 Revolving Loan Facility after taking into account outstanding borrowings and $4,085 of standby and trade letters of credit issued and outstanding under this facility. The Company’s maximum borrowing capacity under the Accounts Receivable Securitization Facility was $200,000 as of June 30, 2018, however based on the outstanding borrowings and net eligible receivables balance within the collateral pool, the Accounts Receivable Securitization Facility was fully utilized as of June 30, 2018. Borrowings under the Accounts Receivable Securitization Facility are permitted only to the extent that the face of the receivables in the collateral pool, net of applicable reserves and other deductions, exceeds the outstanding loans and also subject to a fluctuating facility limit, not to exceed $225,000. The Company had $47,710 of borrowing availability under the Australian Revolving Loan Facility, no borrowing availability under the European Revolving Loan Facility and $120,726 of borrowing availability under other international lines of credit after taking into account outstanding borrowings and letters of credit outstanding under the applicable facility. In March 2018, the Company amended the Accounts Receivable Securitization Facility that it entered into in November 2007 (the “Accounts Receivable Securitization Facility”). This amendment primarily extended the maturity date to March 2019. In June 2018, the Company amended the Accounts Receivable Securitization Facility to remove certain receivables from being pledged as collateral for the facility and reduce the maximum availability to $225,000. As of June 30, 2018, the Company was in compliance with all financial covenants under its credit facilities.

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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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