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Debt (Tables)
 3 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]  
Schedule of carrying amount and fair value of long-term debt instruments
Long-term debt is as follows:
 
 
December 31, 2017
 
 
March 31, 2018
 
 
Debt (inclusive of discount)
 
Unamortized Deferred Financing Costs
 
Carrying Amount
 
Fair
Value
 
 
Debt (inclusive of discount)
 
Unamortized Deferred Financing Costs
 
Carrying Amount
 
Fair
Value
Revolving Credit Facility
 
$
466,593

 
$
(14,407
)
 
$
452,186

 
$
466,593

 
 
$
800,158



$
(13,688
)

$
786,470

 
$
800,158

Term Loan A
 
243,750

 
—

 
243,750

 
243,750

 
 
240,625



—


240,625

 
240,625

Term Loan B
 
—

 
—

 
—

 
—

 
 
698,250

 
(8,698
)
 
689,552

 
700,000

Australian Dollar Term Loan (the "AUD Term Loan")
 
187,504

 
(3,382
)
 
184,122

 
189,049

 
 
259,431



(3,761
)

255,670

 
261,662

43/8% Senior Notes due 2021 (the "43/8% Notes")(1)(2)
 
500,000

 
(5,874
)
 
494,126

 
507,500

 
 
500,000



(5,444
)

494,556

 
501,250

6% Senior Notes due 2023 (the "6% Notes due 2023")(1)
 
600,000

 
(6,224
)
 
593,776

 
625,500

 
 
600,000



(5,949
)

594,051

 
618,000

53/8% CAD Senior Notes due 2023 (the "CAD Notes due 2023")(2)(3)
 
199,171

 
(3,295
)
 
195,876

 
208,631

 
 
193,826



(3,067
)

190,759

 
196,482

53/4% Senior Subordinated Notes due 2024 (the "53/4% Notes")(1)
 
1,000,000

 
(9,156
)
 
990,844

 
1,012,500

 
 
1,000,000



(8,812
)

991,188

 
970,000

3% Euro Senior Notes due 2025 (the "Euro Notes")(1)(2)
 
359,386

 
(4,691
)
 
354,695

 
364,776

 
 
369,711



(4,567
)

365,144

 
366,014

37/8% GBP Senior Notes due 2025 (the "GBP Notes due 2025")(2)
 
539,702

 
(7,718
)
 
531,984

 
527,559

 
 
560,516



(7,758
)

552,758

 
529,789

53/8% Senior Notes due 2026 (the "53/8% Notes")(2)
 
250,000

 
(3,615
)
 
246,385

 
256,875

 
 
250,000



(3,508
)

246,492

 
240,313

47/8% Senior Notes due 2027 (the "47/8% Notes")(1)(2)
 
1,000,000

 
(13,866
)
 
986,134

 
1,000,000

 
 
1,000,000



(13,509
)

986,491

 
927,500

51/4% Senior Notes due 2028 (the "51/4% Notes")(1)(2)
 
825,000

 
(11,817
)
 
813,183

 
826,031

 
 
825,000



(11,817
)

813,183

 
773,438

Real Estate Mortgages, Capital Leases and Other
 
649,432

 
(566
)
 
648,866

 
649,432

 
 
630,868



(451
)

630,417

 
630,868

Accounts Receivable Securitization Program
 
258,973

 
(356
)
 
258,617

 
258,973

 
 
272,273



(321
)

271,952

 
272,273

Mortgage Securitization Program
 
50,000

 
(1,273
)
 
48,727

 
50,000

 
 
50,000

 
(1,237
)
 
48,763

 
50,000

Total Long-term Debt
 
7,129,511

 
(86,240
)
 
7,043,271

 
 

 
 
8,250,658

—

(92,587
)
 
8,158,071

 
 
Less Current Portion
 
(146,300
)
 
—

 
(146,300
)
 
 

 
 
(137,198
)

—


(137,198
)
 
 

Long-term Debt, Net of Current Portion
 
$
6,983,211

 
$
(86,240
)
 
$
6,896,971

 
 

 
 
$
8,113,460



$
(92,587
)
 
$
8,020,873

 
 

______________________________________________________________
(1)
Collectively, the "Parent Notes".
(2)
Collectively, the "Unregistered Notes".
(3)
Together, with our previously outstanding 61/8% CAD Senior Notes due 2021 (the "CAD Notes due 2021"), the "CAD Notes".
Schedule of Leverage and Fixed Charge Ratios
Our leverage and fixed charge coverage ratios under the Credit Agreement as of December 31, 2017 and March 31, 2018, as well as our leverage ratio under our indentures as of December 31, 2017 and March 31, 2018 are as follows:
 
December 31, 2017
 
March 31, 2018
 
Maximum/Minimum Allowable
Net total lease adjusted leverage ratio
5.0

 
5.6

 
Maximum allowable of 6.5
Net secured debt lease adjusted leverage ratio
1.6

 
2.4

 
Maximum allowable of 4.0
Bond leverage ratio (not lease adjusted)
5.8

 
5.8

 
Maximum allowable of 6.5-7.0(1)(2)
Fixed charge coverage ratio
2.1

 
2.2

 
Minimum allowable of 1.5

______________________________________________________________
(1)
The maximum allowable leverage ratio under our indentures for the 47/8% Notes, the GBP Notes due 2025 and the 51/4% Notes is 7.0, while the maximum allowable leverage ratio under the indentures pertaining to our remaining senior and senior subordinated notes is 6.5. In certain instances as provided in our indentures, we have the ability to incur additional indebtedness that would result in our bond leverage ratio exceeding the maximum allowable ratio under our indentures and still remain in compliance with the covenant.

(2)
At December 31, 2017, a portion of the net proceeds from the 51/4% Notes, together with a portion of the net proceeds of the Equity Offering (as defined in Note 9), were used to temporarily repay approximately $807,000 of outstanding indebtedness under our Revolving Credit Facility until the closing of the IODC Transaction, which occurred on January 10, 2018 (as described in Note 4). The bond leverage ratio at December 31, 2017 is calculated based on our outstanding indebtedness at this date, which reflects the temporary payment of the Revolving Credit Facility.