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LONG-TERM DEBT AND CREDIT FACILITIES (Tables) | 12 Months Ended
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Dec. 31, 2018
LONG-TERM DEBT AND CREDIT FACILITIES |
Schedule of long-term debt |
|  |  |  |  | December 31, 2018 |  | December 31, 2017
|  |  |  |  |  |  |  | Deferred |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Nominal |  | Financing |  | Carrying |  | Fair |  | Carrying |  | Fair
|  |  | Interest Rates |  | Amount |  | Costs |  | Amount (a) |  | Value (b) |  | Amount (a) |  | Value (b)
Senior notes |  | (ii) | 4.50%-6.875% |  | $ | 1,746.3 |  | $ | (11.3) |  | $ | 1,735.0 |  | $ | 1,668.8 |  | $ | 1,732.6 |  | $ | 1,848.4
Long-term debt |  |  |  |  | $ | 1,746.3 |  | $ | (11.3) |  | $ | 1,735.0 |  | $ | 1,668.8 |  | $ | 1,732.6 |  | $ | 1,848.4
| (a) |  | Includes transaction costs on debt financings.
| (b) |  | The fair value of debt is primarily determined using quoted market determined variables. See Note 10(c).
Schedule of scheduled debt repayments |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2024 and |  |  |  |
|  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | thereafter |  | Total |
Senior notes |  | $ | — |  | $ | — |  | $ | 500.0 |  | $ | — |  | $ | — |  | $ | 1,250.0 |  | $ | 1,750.0 |
Total debt payable |  | $ | — |  | $ | — |  | $ | 500.0 |  | $ | — |  | $ | — |  | $ | 1,250.0 |  | $ | 1,750.0 |
Schedule of interest charges and fees |
Type of credit |  |  |  |  |
Dollar based LIBOR loan: |  |  |  |  |
Revolving credit facility |  | LIBOR plus |  | 1.70 | %
Letters of credit |  | 1.13 | - | 1.70 | %
Standby fee applicable to unused availability |  |  |  | 0.34 | %
Schedule of changes in liabilities arising from financing activities |
|  | Year ended December 31, 2018 |  |  |
|  | Changes from financing cash flows |  | Other changes |  |  |
|  | Balance as at |  | Debt |  | Debt |  | Interest |  |  |  | Interest |  | Capitalized |  | Capitalized |  | Other cash |  | Other non- |  | Balance as at
|  | January 1, 2018 |  | issued |  | repayments |  | paid |  | Other |  | expense |  | interest |  | interest paid |  | changes |  | cash changes |  | December 31, 2018
Long-term debt |  | $ | 1,732.6 |  | $ | 80.0 |  | $ | (80.0) |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 2.4 |  | $ | 1,735.0
Accrued interest payable (a) |  |  | 33.8 |  |  | — |  |  | — |  |  | (57.9) |  |  | — |  |  | 72.1 |  |  | 41.5 |  |  | (38.2) |  |  | (9.9) |  |  | (8.1) |  |  | 33.3
|  | $ | 1,766.4 |  | $ | 80.0 |  | $ | (80.0) |  | $ | (57.9) |  | $ | — |  | $ | 72.1 |  | $ | 41.5 |  | $ | (38.2) |  | $ | (9.9) |  | $ | (5.7) |  | $ | 1,768.3
| (a) |  | Included in Accounts payable and accrued liabilities.
|  | Year ended December 31, 2017 |  |  |
|  | Changes from financing cash flows |  | Other changes |  |  |
|  | Balance as at |  | Debt |  | Debt |  | Interest |  |  |  |  | Interest |  | Capitalized |  | Capitalized |  | Other cash |  | Other non- |  | Balance as at
|  | January 1, 2017 |  | issued |  | repayments |  | paid |  | Other |  | expense |  | interest |  | interest paid |  | changes |  | cash changes |  | December 31, 2017
Long-term debt |  | $ | 1,733.2 |  | $ | 494.7 |  | $ | (500.0) |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 4.7 |  | $ | 1,732.6
Accrued interest payable (a) |  |  | 23.4 |  |  | — |  |  | — |  |  | (62.9) |  |  | — |  |  | 86.5 |  |  | 25.1 |  |  | (18.0) |  |  | (12.0) |  |  | (8.3) |  |  | 33.8
|  | $ | 1,756.6 |  | $ | 494.7 |  | $ | (500.0) |  | $ | (62.9) |  | $ | — |  | $ | 86.5 |  | $ | 25.1 |  | $ | (18.0) |  | $ | (12.0) |  | $ | (3.6) |  | $ | 1,766.4
Included in Accounts payable and accrued liabilities.

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