Total borrowings are summarized as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | October 1, 2022 | | December 31, 2021 | | | | | | | | | | | | | Term loan | | | | | | | | | | | | | | 2019 Term loan due August 15, 2022(1) | | | $ | — | | | $ | 600.0 | | | 2022 Term loan A due April 1, 2027 | | | 496.9 | | | — | | | 2022 Term loan B due April 1, 2029 | | | 1,097.3 | | | — | | | | | | | | | | | Total term loans | | | 1,594.2 | | | 600.0 | | | Notes and Bonds | | | | | | | Coupon | Due | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 5.105% | July 28, 2023(1,2) | | | $ | — | | | $ | 153.5 | | | 4.000% | November 15, 2023(1) | | | — | | | 215.6 | | | 3.900% | December 15, 2024 | | | 700.0 | | | 700.0 | | | 4.375% | March 15, 2026 | | | 700.0 | | | 700.0 | | | 4.400% | June 15, 2030(3) | | | 750.0 | | | 750.0 | | | 5.300% | November 15, 2043 | | | 90.5 | | | 90.5 | | | 4.900% | December 15, 2044 | | | 303.9 | | | 303.9 | | | Total notes and bonds | | | 2,544.4 | | | 2,913.5 | | | Other financing | 21.2 | | | 25.8 | | | Unamortized premium (discount), net | (16.6) | | | (4.8) | | | Deferred financing fees | (32.2) | | | (14.0) | | | Total borrowings outstanding | 4,111.0 | | | 3,520.5 | | | Current indebtedness | (33.5) | | | (603.8) | | | Total long-term debt less current portion | $ | 4,077.5 | | | $ | 2,916.7 | |
(1) Redeemed in connection with the New Senior Secured Credit Facilities entered into during the second quarter of 2022. (2) Debt denominated in euros subject to fluctuations in the euro-to-U.S. dollar exchange rate. (3) The coupon rate noted above is that as of October 1, 2022, which increased from 3.900% to 4.400% on payments starting after June 15, 2022, following a credit rating downgrade in the first quarter of 2022.
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