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Long-Term Debt | 3 Months Ended
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Mar. 31, 2016
Debt Disclosure [Abstract] |
Long-term Debt [Text Block] |
3. | LONG-TERM DEBT
Long-term debt consists of the following:
|  | March 31, 2016 |  | December 31, 2015
|  | (in millions)
Revolving Credit Facility |  | $ | — |  |  | $ | — |
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 |  | 43.9 |  |  | 38.0 |
Capital lease obligations |  | 5.5 |  |  | 5.6 |
Total debt |  | 1,399.4 |  |  | 1,393.6 |
Less: Current portion of long-term debt |  | 3.4 |  |  | 3.3 |
Long-term debt |  | 1,396.0 |  |  | 1,390.3 |
Less: Debt issuance costs |  | 13.9 |  |  | 14.6 |
Long-term debt, net |  | $ | 1,382.1 |  |  | $ | 1,375.7 |
Revolving Credit Facility As of March 31, 2016, the revolving credit facility provided up to $523.5 million of revolving bank financing commitments through September 13, 2018. At March 31, 2016, we had $513.1 million available under the revolving credit facility. This availability reflects a reduction of $10.4 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, except where otherwise reclassified to current portion of long-term debt on our Condensed Consolidated Balance Sheet. We utilize local currency credit facilities to finance the operations of certain foreign subsidiaries. At March 31, 2016, $43.9 million was outstanding under these facilities and an additional $75.6 million was available. The weighted-average interest rate of our long-term debt outstanding was 6.5% at March 31, 2016 and December 31, 2015.

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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 + Details
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