v3.10.0.1
Debt (Tables)
6 Months Ended
Jun. 30, 2018
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 June 30, 2018 and December 31, 2017 is listed in the following table, and is adjusted for the fair value of interest rate swaps, unamortized discounts, deferred issuance costs and the unamortized portion of adjustments to fair value recorded in purchase accounting. Original issue discounts and adjustments to fair value recorded in purchase accounting are amortized to interest expense over the term of the applicable instrument using the effective interest method.
 
 
 
 
June 30, 2018
 
December 31, 2017
Maturity
 
Interest Rate
 
Principal
 
Adjustments
 
Carrying  Value
 
Principal
 
Adjustments
 
Carrying Value
Credit facilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Uncommitted Credit Facility
 
Variable
 
$
44.7

 
$

 
$
44.7

 
$

 
$

 
$

June 2019
 
Variable
 

 

 

 
130.0

 

 
130.0

May 2021
 
Variable
 

 

 

 

 

 

June 2023
 
Variable
 
80.0

 

 
80.0

 

 

 

Senior notes:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
May 2018
 
3.800
 

 

 

 
700.0

 
(0.3
)
 
699.7

September 2019
 
5.500
 
650.0

 
(1.5
)
 
648.5

 
650.0

 
(2.1
)
 
647.9

March 2020
 
5.000
 
850.0

 
(1.3
)
 
848.7

 
850.0

 
(1.8
)
 
848.2

November 2021
 
5.250
 
600.0

 
(1.4
)
 
598.6

 
600.0

 
(1.5
)
 
598.5

June 2022
 
3.550
 
850.0

 
(4.1
)
 
845.9

 
850.0

 
(4.6
)
 
845.4

May 2023
 
4.750
 
550.0

 
(10.0
)
 
540.0

 
550.0

 
(1.0
)
 
549.0

March 2025
 
3.200
 
500.0

 
(4.5
)
 
495.5

 
500.0

 
(4.8
)
 
495.2

June 2026
 
2.900
 
500.0

 
(4.7
)
 
495.3

 
500.0

 
(5.0
)
 
495.0

November 2027
 
3.375
 
650.0

 
(6.4
)
 
643.6

 
650.0

 
(7.0
)
 
643.0

May 2028
 
3.950
 
800.0

 
(18.1
)
 
781.9

 

 

 

March 2035
 
6.086
 
181.9

 
(14.7
)
 
167.2

 
181.9

 
(14.9
)
 
167.0

March 2040
 
6.200
 
399.9

 
(3.9
)
 
396.0

 
399.9

 
(3.9
)
 
396.0

May 2041
 
5.700
 
385.7

 
(5.4
)
 
380.3

 
385.7

 
(5.5
)
 
380.2

Debentures:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
May 2021
 
9.250
 
35.3

 
(0.8
)
 
34.5

 
35.3

 
(1.0
)
 
34.3

September 2035
 
7.400
 
148.1

 
(34.1
)
 
114.0

 
148.1

 
(34.5
)
 
113.6

Tax-exempt:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2019 - 2044
 
1.450 - 5.250
 
1,042.4

 
(5.8
)
 
1,036.6

 
1,042.4

 
(6.4
)
 
1,036.0

Capital leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2018 - 2046
 
3.273 - 12.203
 
106.4

 

 
106.4

 
108.4

 

 
108.4

Total Debt
 
 
 
$
8,374.4

 
$
(116.7
)
 
8,257.7

 
$
8,281.7

 
$
(94.3
)
 
8,187.4

Less: current portion
 
 
 
 
 
 
 
(41.9
)
 
 
 
 
 
(706.7
)
Long-term portion
 
 
 
 
 
 
 
$
8,215.8

 
 
 
 
 
$
7,480.7