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Long-Term Debt | 3 Months Ended
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Mar. 31, 2013
Long-term Debt, Unclassified [Abstract] |
Long-term Debt [Text Block] | 4. LONG-TERM DEBT Long-term debt consists of the following:
|  | March 31, 2013 |  | December 31, 2012
|  | (in millions)
Revolving credit facility |  | $ | — |  |  | $ | — |
9.25% Notes, net of discount |  | 337.6 |  |  | 337.5 |
7.875% Notes |  | — |  |  | 300.0 |
7.75% Notes |  | 200.0 |  |  | 200.0 |
6.625% Notes |  | 550.0 |  |  | 550.0 |
6.25% Notes |  | 400.0 |  |  | — |
Foreign credit facilities |  | 77.0 |  |  | 61.0 |
Capital lease obligations |  | 5.6 |  |  | 5.6 |
Long-term debt |  | $ | 1,570.2 |  |  | $ | 1,454.1 |
6.25% Notes In the first quarter of 2013, we issued $400.0 million of 6.25% senior unsecured notes due 2021 (6.25% Notes). Concurrent with the offering of the 6.25% Notes, we made a tender offer to purchase our 7.875% Notes, of which the aggregate principal amount outstanding at the time of the tender offer was $300.0 million. Net proceeds from the 6.25% Notes were used to fund the purchase pursuant to the tender offer and the subsequent redemption of the entire $300.0 million of the 7.875% Notes and for other general corporate purposes. We paid debt issuance costs of $6.2 million in the first quarter of 2013 related to the 6.25% Notes. 7.875% Notes On March 1, 2013, in connection with the cash tender offer, we purchased $172.6 million aggregate principal amount of the 7.875% Notes, and paid accrued interest. Upon purchase, we expensed $5.2 million related to a tender premium, $0.2 million of professional fees and unamortized debt issuance costs of $1.2 million related to this debt. We had been amortizing the debt issuance costs over the expected life of the borrowing. On March 15, 2013, we voluntarily redeemed the remaining 7.875% Notes outstanding. This resulted in a principal payment of $127.4 million, a payment of $3.3 million related to a redemption premium, as well as payment of accrued interest. Upon redemption, we expensed $0.9 million of unamortized debt issuance costs related to this debt. We had been amortizing the debt issuance costs over the expected life of the borrowing. Revolving Credit Facility On March 20, 2013, we terminated our class C loan facility of $72.8 million, which would have matured on June 30, 2013. Upon termination, we expensed $0.5 million of unamortized debt issuance costs related to the class C facility. We had been amortizing the debt issuance costs over the expected life of the borrowing. As of March 31, 2013, the Revolving Credit Facility provided up to $365.0 million of revolving bank financing commitments through June 30, 2016. At March 31, 2013, we had $342.1 million available under the Revolving Credit Facility. This availability reflects a reduction of $22.9 million for standby letters of credit issued against the facility. The Revolving Credit Facility provides back-up liquidity for our foreign credit facilities. We intend to use the availability of long-term financing under the Revolving Credit Facility to refinance any current maturities related to such debt agreements that are not otherwise refinanced on a long-term basis in their local markets. We utilize local currency credit facilities to finance the operations of certain foreign subsidiaries. At March 31, 2013, $77.0 million was outstanding under these facilities and an additional $13.6 million was available. The weighted-average interest rate of our long-term debt outstanding was 7.5% at March 31, 2013 and 7.9% at December 31, 2012.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
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