11.EQUITY METHOD INVESTMENTS 12.DEBT AND FINANCE LEASE OBLIGATIONS Senior Notes We occasionally enter into joint venture arrangements with local country partners as our preferred means of entry into countries where barriers to entry may exist. Similar to our consolidated subsidiaries, these unconsolidated joint ventures generally operate within our primary businesses of designing, manufacturing, assembling and distributing fluid motion and control products and services. We have agreements with certain of these joint ventures that restrict us from otherwise entering the respective market and certain joint ventures produce and/or sell our products as part of their broader product offering. Net earnings from investments in unconsolidated joint ventures is reported in net earnings from affiliates in our consolidated statements of income. Given the integrated role of the unconsolidated joint ventures in our business, net earnings from affiliates is presented as a component of operating income. As of December 31, 2019, we had investments in six joint ventures, one located in each of Chile, China, India, Saudi Arabia, South Korea and the United Arab Emirates that were accounted for using the equity method and are immaterial for disclosure purposes. Debt, including finance lease obligations, consisted of: Scheduled maturities of our Senior Notes and other debt, are (amounts in thousands): On March 17, 2015, we completed a public offering of €500.0 million of Euro senior notes in aggregate principal amount due March 17, 2022 ("2022 EUR Senior Notes"). The 2022 EUR Senior Notes bear an interest rate of 1.25% per year, payable each year on March 17. The 2022 EUR Senior Notes were priced at 99.336% of par value, reflecting a discount to the aggregate principal amount. 80 December 31, 2019 2018 (Amounts in thousands) 1.25% EUR Senior Notes due March 17, 2022, net of unamortized discount and debt issuance costs of $2,653 and $3,914 at December 31, 2019 and 2018, respectively $ 557,847 $ 569,536 3.50% USD Senior Notes due September 15, 2022, net of unamortized discount and debt issuance costs of $1,924 and $2,589 at December 31, 2019 and 2018, respectively 498,076 497,411 4.00% USD Senior Notes due November 15, 2023, net of unamortized discount and debt issuance costs of $1,777 and $2,192 at December 31, 2019 and 2018, respectively 298,223 297,808 Term Loan Facility, interest rate of 4.30% at December 31, 2018, net of debt issuance costs of $249 — 104,751 Finance lease obligations and other borrowings 23,103 13,541 Debt and finance lease obligations 1,377,249 1,483,047 Less amounts due within one year 11,272 68,218 Total debt due after one year $ 1,365,977 $ 1,414,829 2020 $ 11,272 2021 11,831 2022 1,055,923 2023 298,223 Total $ 1,377,249