Table:
|  | December 31, 2019 |  | December 31, 2018 |  |
| --- | --- | --- | --- | --- |
| (In millions) | Carrying Amount | Fair Value | Carrying Amount | Fair Value |
| Term Loan A Facility due July 2022 | $ 474.6 | $ 474.6 | $ — | $ — |
| Term Loan A Facility due July 2023(1) | 223.8 | 223.8 | 222.2 | 222.2 |
| 6.50% Senior Notes due December 2020 | — | — | 424.0 | 440.1 |
| 4.875% Senior Notes due December 2022 | 421.9 | 450.1 | 421.1 | 421.2 |
| 5.25% Senior Notes due April 2023 | 422.0 | 454.1 | 421.2 | 424.5 |
| 4.50% Senior Notes due September 2023(1) | 445.6 | 509.5 | 454.9 | 489.9 |
| 5.125% Senior Notes due December 2024 | 421.9 | 458.9 | 421.3 | 419.8 |
| 5.50% Senior Notes due September 2025 | 397.4 | 441.2 | 397.1 | 394.8 |
| 4.00% Senior Notes due December 2027 | 420.4 | 431.5 | — | — |
| 6.875% Senior Notes due July 2033 | 445.7 | 528.8 | 445.5 | 453.4 |
| Other foreign borrowings(1) | 12.1 | 12.4 | 98.5 | 99.2 |
| Other domestic borrowings | 89.0 | 89.0 | 168.4 | 170.0 |
| Total debt(2) | $ 3,774.4 | $ 4,073.9 | $ 3,474.2 | $ 3,535.1 |
Paragraphs:
The table below shows the carrying amounts and estimated fair values of our debt, excluding lease liabilities:
(1) Includes borrowings denominated in currencies other than US Dollars.
(2) At December 31, 2019, the carrying amount and estimated fair value of debt exclude lease liabilities.
In addition to the table above, the Company remeasures amounts related to certain equity compensation that are carried at fair value on a recurring basis in the Consolidated Financial Statements or for which a fair value measurement was required. Refer to Note 21, “Stockholders’ Deficit,” of the Notes to Consolidated Financial Statements for share-based compensation in the Notes to Consolidated Financial Statements. Included among our non-financial assets and liabilities that are not required to be measured at fair value on a recurring basis are inventories, net property and equipment, goodwill, intangible assets and asset retirement obligations.
Question:
What is the percentage difference between fair value and carrying amount of total debt as of December 31, 2018?
Answer: (3535.1-3474.2)/3474.2 = 1.75