XML 47 R31.htm IDEA: XBRL DOCUMENT
v3.8.0.1

DEBT AND CREDIT FACILITIES (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2017
Debt Disclosure [Abstract] |
Schedule Of Long-Term Debt | The following represents a summary of our long-term debt as of September 30, 2017 and December 31, 2016:
(In Millions)
September 30, 2017
Debt Instrument |  | Annual Effective Interest Rate |  | Total Principal Amount |  | Debt Issuance Costs |  | Unamortized Discounts |  | Total Debt
Unsecured Notes |  |  |  |  |  |  |  |  |  |
$400 Million 5.90% 2020 Senior Notes |  | 5.98% |  | $ | 88.9 |  |  | $ | (0.2 | ) |  | $ | (0.2 | ) |  | $ | 88.5 |
$500 Million 4.80% 2020 Senior Notes |  | 4.83% |  | 122.4 |  |  | (0.3 | ) |  | (0.1 | ) |  | 122.0 |
$700 Million 4.875% 2021 Senior Notes |  | 4.89% |  | 138.4 |  |  | (0.3 | ) |  | (0.1 | ) |  | 138.0 |
$1.075 Billion 5.75% 2025 Senior Notes |  | 5.75% |  | 1,075.0 |  |  | (11.2 | ) |  | (17.0 | ) |  | 1,046.8 |
$800 Million 6.25% 2040 Senior Notes |  | 6.34% |  | 298.4 |  |  | (2.4 | ) |  | (3.4 | ) |  | 292.6 |
ABL Facility |  | N/A |  | 550.0 |  |  | N/A |  |  | N/A |  |  | — |
Fair Value Adjustment to Interest Rate Hedge |  |  |  |  |  |  |  |  |  | 1.5 |
Long-term debt |  |  |  |  |  |  |  |  |  | $ | 1,689.4 |
(In Millions)
December 31, 2016
Debt Instrument |  | Annual Effective Interest Rate |  | Total Principal Amount |  | Debt Issuance Costs |  | Undiscounted Interest/ (Unamortized Discounts) |  | Total Debt
Secured Notes |  |  |  |  |  |  |  |  |  |
$540 Million 8.25% 2020 First Lien Notes |  | 9.97% |  | $ | 540.0 |  |  | $ | (8.0 | ) |  | $ | (25.7 | ) |  | $ | 506.3 |
$218.5 Million 8.00% 2020 1.5 Lien Notes |  | N/A |  | 218.5 |  |  | — |  |  | 65.7 |  |  | 284.2 |
$544.2 Million 7.75% 2020 Second Lien Notes |  | 15.55% |  | 430.1 |  |  | (5.8 | ) |  | (85.2 | ) |  | 339.1 |
Unsecured Notes |  |  |  |  |  |  |  |  |  |
$400 Million 5.90% 2020 Senior Notes |  | 5.98% |  | 225.6 |  |  | (0.6 | ) |  | (0.5 | ) |  | 224.5 |
$500 Million 4.80% 2020 Senior Notes |  | 4.83% |  | 236.8 |  |  | (0.7 | ) |  | (0.2 | ) |  | 235.9 |
$700 Million 4.875% 2021 Senior Notes |  | 4.89% |  | 309.4 |  |  | (1.0 | ) |  | (0.2 | ) |  | 308.2 |
$800 Million 6.25% 2040 Senior Notes |  | 6.34% |  | 298.4 |  |  | (2.5 | ) |  | (3.4 | ) |  | 292.5 |
ABL Facility |  | N/A |  | 550.0 |  |  | N/A |  |  | N/A |  |  | — |
Fair Value Adjustment to Interest Rate Hedge |  |  |  |  |  |  |  |  |  | 1.9 |
Total debt |  |  |  |  |  |  |  |  |  |  | $ | 2,192.6 |
Less current portion |  |  |  |  |  |  |  |  |  | 17.5 |
Long-term debt |  |  |  |  |  |  |  |  |  | $ | 2,175.1 |
Schedule of Extinguishment of Debt [Table Text Block] | The following is a summary of the debt extinguished during the nine months ended September 30, 2017 and the respective gain (loss) on extinguishment for the three and nine months ended September 30, 2017:
(In Millions)
|  |  |  | Gain (Loss) on Extinguishment 1
|  | Debt Extinguished |  | Three Months Ended September 30, 2017 |  | Nine Months Ended September 30, 2017
Secured Notes |  |  |  |  |  |
$540 Million 8.25% 2020 First Lien Notes |  | $ | 540.0 |  |  | $ | (88.6 | ) |  | $ | (93.5 | )
$218.5 Million 8.00% 2020 1.5 Lien Notes |  | 218.5 |  |  | — |  |  | 45.1 |
$544.2 Million 7.75% 2020 Second Lien Notes |  | 430.1 |  |  | — |  |  | (104.5 | )
Unsecured Notes |  |  |  |  |  |
$400 Million 5.90% 2020 Senior Notes |  | 136.7 |  |  | — |  |  | (7.8 | )
$500 Million 4.80% 2020 Senior Notes |  | 114.4 |  |  | — |  |  | (1.9 | )
$700 Million 4.875% 2021 Senior Notes |  | 171.0 |  |  | — |  |  | (2.8 | )
|  | $ | 1,610.7 |  |  | $ | (88.6 | ) |  | $ | (165.4 | )
1 T his includes premiums paid related to the redemption of our notes of $62.4 million and $110.0 million for the three and nine months ended September 30, 2017, respectively.
Schedule of Maturities of Long-term Debt | Debt Maturities The following represents a summary of our maturities of debt instruments, excluding borrowings under the ABL Facility, based on the principal amounts outstanding at September 30, 2017:
| (In Millions)
| Maturities of Debt
2017 (October 1 - December 31) | $ | — |
2018 | — |
2019 | — |
2020 | 211.3 |
2021 | 138.4 |
2022 | — |
2023 and thereafter | 1,373.4 |
Total maturities of debt | $ | 1,723.1 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=84159872&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=75038535&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=84159872&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=84159872&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=84159872&loc=d3e21521-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of debt extinguished which may include, amount of gain (loss), the income tax effect and the per share amount of the aggregate gain (loss), net of the related income tax. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7516071&loc=d3e13374-112631 + Details
Name: | us-gaap_ScheduleOfExtinguishmentOfDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration