Debt Obligations 11. Debt As of December 31, 2019 December 31, 2018 (In millions) Senior notes: CAD 500 million 2.75% notes due September 2020 (1) $ 384.9 $ 366.6 CAD 500 million 2.84% notes due July 2023 (2) 384.9 366.6 CAD 500 million 3.44% notes due July 2026 (1)(2) 384.9 366.6 $500 million 1.45% notes due July 2019 (2) — 500.0 $500 million 1.9% notes due March 2019 (3) — 499.8 $500 million 2.25% notes due March 2020 (3) 499.8 499.0 $1.0 billion 2.1% notes due July 2021 (2) 1,000.0 1,000.0 $500 million 3.5% notes due May 2022 (4) 506.5 509.3 $2.0 billion 3.0% notes due July 2026 (2) 2,000.0 2,000.0 $1.1 billion 5.0% notes due May 2042 (4) 1,100.0 1,100.0 $1.8 billion 4.2% notes due July 2046 (2) 1,800.0 1,800.0 EUR 500 million notes due March 2019 (3) — 573.4 EUR 800 million 1.25% notes due July 2024 (2) 897.0 917.4 Finance leases and other (5) 129.5 43.0 Less: unamortized debt discounts and debt issuance costs (56.7) (64.8) Total long-term debt (including current portion) 9,030.8 10,476.9 Less: current portion of long-term debt (921.3) (1,583.1) Total long-term debt $ 8,109.5 $ 8,893.8 Short-term borrowings: Other short-term borrowings (6) $ 6.9 $ 11.4 Current portion of long-term debt 921.3 1,583.1 Current portion of long-term debt and short-term borrowings $ 928.2 $ 1,594.5 (1) Prior to Molson Coors International, L.P., a Delaware limited partnership and wholly-owned subsidiary of MCBC ("Molson Coors International L.P."), issuing our CAD 500 million 2.75% notes due September 18, 2020 (the "2015 Notes"), on September 18, 2015, we entered into forward starting interest rate swap agreements to hedge the interest rate volatility for a 10 year period. We settled these swaps at the time of issuance of the 2015 Notes and are amortizing a portion of the resulting loss from AOCI to interest expense over the remaining term of the 2015 Notes as well as over a portion of the 2016 Notes defined below up to the full 10-year term of the interest rate swap agreements. The amortizing loss will increase our effective cost of borrowing compared to the stated coupon rates by 0.65% and 0.60% on each of the CAD 500 million notes due in 2020 and 2026, respectively. See  Note 16, "Derivative Instruments and Hedging Activities"  for further details on the forward starting interest rate swaps. (2) On July 7, 2016, MCBC issued approximately $5.3 billion senior notes with portions maturing from July 15, 2019 through July 15, 2046 ("2016 USD Notes"), and EUR 800.0 million senior notes maturing July 15, 2024 ("2016 EUR Notes"), and Molson Coors International L.P., completed a private placement of CAD 1.0 billion senior notes maturing July 15, 2023, and July 15, 2026 ("2016 CAD Notes"), in order to partially fund the financing of the Acquisition (2016 USD Notes, 2016 EUR Notes and 2016 CAD Notes, collectively, the "2016 Notes"). These issuances resulted in total proceeds of approximately $6.9 billion, net of underwriting fees and discounts of $36.5 million and $17.7 million, respectively. Total debt issuance costs capitalized in connection with these notes including underwriting fees, discounts and other financing related costs, were approximately $65 million and are being amortized over the respective terms of the 2016 Notes. The 2016 Notes began accruing interest upon issuance, with semi-annual payments due on the 2016 USD Notes and 2016 CAD Notes in January and July beginning in 2017, and annual interest payments due on the 110