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Borrowings | 3 Months Ended
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Mar. 31, 2016
Borrowings |
Borrowings | Note 12—Borrowings As of March 31, 2016 the Company’s borrowings were as follows:
|  | 3.75% notes |  | 5.125% notes |  | 6.125% notes |  |  |
(in millions) |  | due 2022 |  | due 2020 |  | due 2016 |  | Total |
Par Value |  | $ | 350.0 |  | $ | 250.0 |  | $ | 150.0 |  | $ | 750.0 |
Unamortized discount |  |  | (0.8) |  |  | (0.5) |  |  | - |  |  | (1.3) |
Unamortized debt issuance costs |  |  | (1.9) |  |  | (1.0) |  |  | (0.1) |  |  | (3.0) |
Total long-term debt |  |  | 347.3 |  |  | 248.5 |  |  | 149.9 |  |  | 745.7 |
Less current portion of long-term debt |  |  | - |  |  | - |  |  | (149.9) |  |  | (149.9) |
Total long-term debt, net of current portion |  | $ | 347.3 |  | $ | 248.5 |  | $ | - |  | $ | 595.8 |
As of December 31, 2015 the Company’s borrowings were as follows:
|  | 3.75% notes |  | 5.125% notes |  | 6.125% notes |  |  |
(in millions) |  | due 2022 |  | due 2020 |  | due 2016 |  | Total |
Par Value |  | $ | 350.0 |  | $ | 250.0 |  | $ | 150.0 |  | $ | 750.0 |
Unamortized discount |  |  | (0.8) |  |  | (0.6) |  |  | (0.1) |  |  | (1.5) |
Unamortized debt issuance costs |  |  | (2.0) |  |  | (1.0) |  |  | (0.1) |  |  | (3.1) |
Total long-term debt |  |  | 347.2 |  |  | 248.4 |  |  | 149.8 |  |  | 745.4 |
Less current portion of long-term debt |  |  | - |  |  | - |  |  | (149.8) |  |  | (149.8) |
Total long-term debt, net of current portion |  | $ | 347.2 |  | $ | 248.4 |  | $ | - |  | $ | 595.6 |
Revolving Credit Facilities As of March 31, 2016, the Company had $600.0 million available under its Third Amended and Restated Credit Agreement (the “Amended Credit Agreement”) administered by JPMorgan Chase Bank, N.A. At March 31, 2016 and December 31, 2015, there were no borrowings under the revolving credit facility. Uncommitted Line of Credit The Company also maintains an uncommitted line of credit of which $45.0 million was available for borrowing as of March 31, 2016 and December 31, 2015 and therefore, there were no borrowings under the uncommitted line of credit. Covenants and Limitations Under the Company’s debt and credit facilities, the Company is required to meet various restrictive covenants and limitations, including limitations on certain leverage ratios, interest coverage and limits on outstanding debt balances held by certain subsidiaries. The Company was in compliance with all covenants and limitations as of March 31, 2016 and December 31, 2015. Other Matters At March 31, 2016, the fair value of the Company’s par value $350 million, 3.75% senior notes due 2022, par value $250 million, 5.125% senior notes due 2020, and par value $150 million, 6.125% senior notes due 2016, using Level 2 inputs in the fair value hierarchy, was approximately $356.4 million, $275.5 million and $152.8 million, respectively. Fair value is estimated based on current yield rates plus the Company’s estimated credit spread available for financings with similar terms and maturities.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: 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 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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