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Long-Term Debt | 9 Months Ended
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Sep. 30, 2014
Long-term Debt, Unclassified [Abstract] |
Long-term Debt [Text Block] | 3. LONG-TERM DEBT Long-term debt consists of the following:
|  | September 30, 2014 |  | December 31, 2013
|  | (in millions)
Revolving Credit Facility |  | $ | — |  |  | $ | — |
Term Facility |  | 144.4 |  |  | 150.0 |
7.75% Notes |  | 200.0 |  |  | 200.0 |
6.625% Notes |  | 550.0 |  |  | 550.0 |
6.25% Notes |  | 400.0 |  |  | 400.0 |
5.125% Notes |  | 200.0 |  |  | 200.0 |
Foreign credit facilities |  | 43.2 |  |  | 53.8 |
Capital lease obligations |  | 5.0 |  |  | 5.3 |
Debt |  | 1,542.6 |  |  | 1,559.1 |
Less: Current portion of long-term debt |  | 17.1 |  |  | — |
Long-term debt |  | $ | 1,525.5 |  |  | $ | 1,559.1 |
Revolving Credit Facility and Term Facility As of September 30, 2014, the revolving credit facility provided up to $523.5 million of revolving bank financing commitments through September 13, 2018. At September 30, 2014, we had $505.5 million available under the revolving credit facility. This availability reflects a reduction of $18.0 million for standby letters of credit issued against the facility. We paid remaining debt issuance costs of $0.1 million in the first nine months of 2014 related to the revolving credit facility and term 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, except where otherwise reclassified to current portion of long-term debt on our Condensed Consolidated Balance Sheet. In the first nine months of 2014, we made principal payments of $5.6 million on our term facility. In the first quarter of 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. 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). Net proceeds from the 6.25% Notes were used to purchase and redeem the entire $300.0 million outstanding of our 7.875% senior unsecured notes due 2017 (7.875% Notes) and for other general corporate purposes. We paid debt issuance costs of $6.6 million in the first nine months of 2013 related to the 6.25% Notes. 7.875% Notes In the first quarter of 2013, we expensed $8.5 million related to tender and redemption premiums, $0.1 million of professional fees and unamortized debt issuance costs of $2.1 million related to the purchase and redemption of the 7.875% Notes. We had been amortizing the debt issuance costs for the 7.875% Notes over the expected life of the borrowing. 5.125% Notes In the fourth quarter of 2013, we issued $200.0 million of 5.125% senior unsecured notes due 2019 (5.125% Notes). Net proceeds from the 5.125% Notes were used to redeem the remaining $190.0 million outstanding under our 9.25% senior secured notes due 2017. We paid remaining debt issuance costs of $0.2 million in the first nine months of 2014 related to the 5.125% Notes. We utilize local currency credit facilities to finance the operations of certain foreign subsidiaries. At September 30, 2014, $43.2 million was outstanding under these facilities and an additional $49.2 million was available. The weighted-average interest rate of our long-term debt outstanding was 6.4% at September 30, 2014 and 6.3% as of December 31, 2013.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: 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 + Details
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