v3.5.0.2
Debt (Tables)
 9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Carrying value of notes payable, capital leases and long-term debt
The carrying value of our notes payable, capital leases and long-term debt as of September 30, 2016 and December 31, 2015 is listed in the following table, and is adjusted for debt issuance costs, the fair value of interest rate swaps, unamortized discounts and the unamortized portion of adjustments to fair value recorded in purchase accounting which are amortized to interest expense over the term of the applicable instrument using the effective interest method.
 
 
 
 
September 30, 2016
 
December 31, 2015
Maturity
 
Interest Rate
 
Principal
 
Adjustments
 
Carrying  Value
 
Principal
 
Adjustments
 
Carrying Value
Credit facilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Uncommitted Credit Facility
 
Variable
 
$
73.0

 
$
—

 
$
73.0

 
$
19.0

 
$
—

 
$
19.0

June 2019
 
Variable
 
70.0

 
—

 
70.0

 
—

 
—

 
—

May 2021
 
Variable
 
140.0

 
—

 
140.0

 
—

 
—

 
—

Senior notes:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
May 2018
 
3.800
 
700.0

 
(1.4
)
 
698.6

 
700.0

 
(2.0
)
 
698.0

September 2019
 
5.500
 
650.0

 
(3.5
)
 
646.5

 
650.0

 
(4.4
)
 
645.6

March 2020
 
5.000
 
850.0

 
(2.8
)
 
847.2

 
850.0

 
(3.4
)
 
846.6

November 2021
 
5.250
 
600.0

 
(2.0
)
 
598.0

 
600.0

 
(2.3
)
 
597.7

June 2022
 
3.550
 
850.0

 
(5.8
)
 
844.2

 
850.0

 
(6.5
)
 
843.5

May 2023
 
4.750
 
550.0

 
19.4

 
569.4

 
550.0

 
9.4

 
559.4

March 2025
 
3.200
 
500.0

 
(5.6
)
 
494.4

 
500.0

 
(6.0
)
 
494.0

June 2026
 
2.900
 
500.0

 
(5.6
)
 
494.4

 
—

 
—

 
—

March 2035
 
6.086
 
181.9

 
(15.6
)
 
166.3

 
275.7

 
(23.9
)
 
251.8

March 2040
 
6.200
 
399.9

 
(4.0
)
 
395.9

 
650.0

 
(6.6
)
 
643.4

May 2041
 
5.700
 
385.7

 
(5.6
)
 
380.1

 
600.0

 
(8.9
)
 
591.1

Debentures:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
May 2021
 
9.250
 
35.3

 
(1.2
)
 
34.1

 
35.3

 
(1.4
)
 
33.9

September 2035
 
7.400
 
148.1

 
(35.3
)
 
112.8

 
165.2

 
(39.9
)
 
125.3

Tax-exempt:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2019 - 2044
 
0.500 - 5.625
 
1,079.1

 
(6.5
)
 
1,072.6

 
1,079.1

 
(7.0
)
 
1,072.1

Capital leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2016 - 2046
 
4.000 - 12.203
 
107.8

 
—

 
107.8

 
111.5

 
—

 
111.5

Total Debt
 
 
 
$
7,820.8

 
$
(75.5
)
 
7,745.3

 
$
7,635.8

 
$
(102.9
)
 
7,532.9

Less: current portion
 
 
 
 
 
 
 
(5.7
)
 
 
 
 
 
(5.5
)
Long-term portion
 
 
 
 
 
 
 
$
7,739.6

 
 
 
 
 
$
7,527.4
Schedule of extinguishment of debt
The following table summarizes the charge incurred during the three and nine months ended September 30, 2016:
 
 
 
 
Loss on Extinguishment of Debt
 
 
 
 
Principal Repaid
 
Cash Paid in Loss on Extinguishment of Debt
 
Non-cash Loss on Extinguishment of Debt
 
Total Loss on Extinguishment of Debt
 
Non-cash Interest Expense
$275.7 million 6.09% senior notes due March 2035
 
$
93.8

 
$
26.1

 
$
8.0

 
$
34.1

 
$
(1.1
)
$165.2 million 7.40% debentures due September 2035
 
17.2

 
7.3

 
4.1

 
11.4

 
—

$650.0 million 6.20% senior notes due March 2040
 
250.1

 
85.3

 
2.6

 
87.9

 
1.0

$600.0 million 5.70% senior notes due May 2041
 
214.3

 
59.7

 
3.1

 
62.8

 
7.3

 
 
 
 
 
 
 
 
 
 
 
Total
 


 
$
178.4

 
$
17.8

 
$
196.2

 
$
7.2