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Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2016
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt | The Company's long-term debt consists of the following (annualized rates, dollars in millions):
| December 31, 2016 |  | December 31, 2015
Revolving Credit Facility due 2021 | $ | — |  |  | $ | — |
Term Loan “B” Facility due 2023, interest payable monthly at 4.02% | 2,394.0 |  |  | — |
1.00% Notes due 2020 (1) | 690.0 |  |  | 690.0 |
2.625% Notes, Series B (2) | 356.4 |  |  | 356.9 |
Note payable to SMBC due 2016 through 2018, interest payable quarterly at 2.75% and 2.36%, respectively (3) | 160.4 |  |  | 198.2 |
U.S. real estate mortgages payable monthly through 2019 at an average rate of 3.12% and 3.35%, respectively (4) | 38.9 |  |  | 50.0 |
Philippine term loans due 2016 through 2020, interest payable quarterly at 2.88% and 2.32%, respectively (7) | 44.1 |  |  | 50.0 |
Loan with Singapore bank, interest payable weekly at 2.01% and 1.67%, respectively (6) (10) | 25.0 |  |  | 30.0 |
Loan with Hong Kong bank, interest payable weekly at 2.01% and 1.67%, respectively (6) (10) | 25.0 |  |  | 25.0 |
Malaysia revolving line of credit, interest payable quarterly at 2.45% and 2.05%, respectively (7) (10) | 25.0 |  |  | 25.0 |
Vietnam revolving line of credit, interest payable quarterly at an average rate of 2.43% and 1.89%, respectively (7) (10) | 17.0 |  |  | 20.8 |
Loan with Philippine bank due 2016 through 2019, interest payable quarterly at 3.22% and 2.70%, respectively (5) | 14.1 |  |  | 18.8 |
Canada revolving line of credit, interest payable quarterly at 0.0% and 2.01%, respectively (7) | — |  |  | 15.0 |
Loan with Japanese bank due 2016 through 2020, interest payable quarterly at 1.1% (7) | 3.4 |  |  | 4.2 |
Canada equipment financing payable monthly through 2017 at 3.81% (5) | 0.5 |  |  | 2.4 |
U.S. equipment financing payable monthly through 2016 at 2.4% (5) | — |  |  | 1.3 |
Capital lease obligations | 13.0 |  |  | 28.2 |
Gross long-term debt, including current maturities | 3,806.8 |  |  | 1,515.8 |
Less: Debt discount (8) | (111.4 | ) |  | (107.5 | )
Less: Debt issuance costs (9) | (73.1 | ) |  | (14.4 | )
Net long-term debt, including current maturities | 3,622.3 |  |  | 1,393.9 |
Less: Current maturities | (553.8 | ) |  | (543.4 | )
Net long-term debt | $ | 3,068.5 |  |  | $ | 850.5 |
_______________________
(1) | Interest is payable on June 1 and December 1 of each year at 1.00% annually. See below under the heading "1.00% Notes" for additional information.
(2) | The 2.625% Notes, Series B were redeemed during January 2017. See below under the heading "2.625% Notes, Series B" for additional information.
(3) | This loan represents SCI LLC's non-collateralized loan with SMBC, which is guaranteed by the Company. See additional information below under the heading "Note Payable to SMBC."
(4) | Debt arrangement collateralized by real estate, including certain of the Company's facilities in California, Oregon and Idaho. See below under the heading "U.S. Real Estate Mortgages" for additional information with respect to recent activity.
(5) | Debt collateralized by equipment.
(6) | Debt arrangement collateralized by certain accounts receivable.
(7) | Non-collateralized debt arrangement. The Canada revolving line of credit was paid down during 2016 and terminated as of December 31, 2016.
(8) | Discount of $81.5 million and $100.2 million for the 1.00% Notes as of December 31, 2016 and December 31, 2015, respectively. Discount of zero and $7.3 million for the 2.625% Notes, Series B as of December 31, 2016 and December 31, 2015, respectively. Discount of $29.9 million and zero for the term Loan "B" Facility as of December 31, 2016 and December 31, 2015, respectively.
(9) | Debt issuance costs of $11.3 million and $13.9 million for the 1.00% Notes as of December 31, 2016 and December 31, 2015, respectively. Debt issuance costs of zero and $0.5 million for the 2.625% Notes, Series B as of December 31, 2016 and December 31, 2015. Debt issuance costs of $61.8 million and zero for the term Loan "B" Facility as of December 31, 2016 and December 31, 2015, respectively.
(10) | The Company has historically renewed these arrangements annually.
Schedule of Annual Maturities Relating to Long-Term Debt | Expected maturities relating to the Company’s gross long-term debt (including current maturities) as of December 31, 2016 are as follows (in millions):
|  | Annual Maturities
2017 |  | $ | 554.7 |
2018 |  | 158.9 |
2019 |  | 71.5 |
2020 |  | 723.7 |
2021 |  | 24.0 |
Thereafter |  | 2,274.0 |
Total |  | $ | 3,806.8 |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + 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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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