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DEBT AND CREDIT FACILITIES (Tables) | 9 Months Ended
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Sep. 30, 2019 | Sep. 30, 2018
Debt Disclosure [Abstract] |  |
Schedule Of Long-Term Debt | The following represents a summary of our long-term debt:
(In Millions)
September 30, 2019
Debt Instrument |  | Annual Effective Interest Rate |  | Total Principal Amount |  | Debt Issuance Costs |  | Unamortized Discounts |  | Total Debt
Secured Notes: |  |  |  |  |  |  |  |  |  |
$400 Million 4.875% 2024 Senior Notes |  | 5.00% |  | $ | 400.0 |  |  | $ | (4.9 | ) |  | $ | (1.9 | ) |  | $ | 393.2 |
Unsecured Notes: |  |  |  |  |  |  |  |  |  |
$316.25 Million 1.50% 2025 Convertible Senior Notes |  | 6.26% |  | 316.3 |  |  | (4.8 | ) |  | (67.7 | ) |  | 243.8 |
$1.075 Billion 5.75% 2025 Senior Notes |  | 6.01% |  | 473.3 |  |  | (3.8 | ) |  | (5.8 | ) |  | 463.7 |
$750 Million 5.875% 2027 Senior Notes |  | 6.49% |  | 750.0 |  |  | (6.5 | ) |  | (28.0 | ) |  | 715.5 |
$800 Million 6.25% 2040 Senior Notes |  | 6.34% |  | 298.4 |  |  | (2.2 | ) |  | (3.3 | ) |  | 292.9 |
ABL Facility |  | N/A |  | 450.0 |  |  | N/A |  |  | N/A |  |  | — |
Long-term debt |  |  |  |  |  |  |  |  |  | $ | 2,109.1 |
(In Millions)
December 31, 2018
Debt Instrument |  | Annual Effective Interest Rate |  | Total Principal Amount |  | Debt Issuance Costs |  | Unamortized Discounts |  | Total Debt
Secured Notes: |  |  |  |  |  |  |  |  |  |
$400 Million 4.875% 2024 Senior Notes |  | 5.00% |  | $ | 400.0 |  |  | $ | (5.7 | ) |  | $ | (2.2 | ) |  | $ | 392.1 |
Unsecured Notes: |  |  |  |  |  |  |  |  |  |
$700 Million 4.875% 2021 Senior Notes |  | 4.89% |  | 124.0 |  |  | (0.2 | ) |  | — |  |  | 123.8 |
$316.25 Million 1.50% 2025 Convertible Senior Notes |  | 6.26% |  | 316.3 |  |  | (5.5 | ) |  | (75.6 | ) |  | 235.2 |
$1.075 Billion 5.75% 2025 Senior Notes |  | 6.01% |  | 1,073.3 |  |  | (9.9 | ) |  | (14.6 | ) |  | 1,048.8 |
$800 Million 6.25% 2040 Senior Notes |  | 6.34% |  | 298.4 |  |  | (2.3 | ) |  | (3.3 | ) |  | 292.8 |
ABL Facility |  | N/A |  | 450.0 |  |  | N/A |  |  | N/A |  |  | — |
Fair Value Adjustment to Interest Rate Hedge |  |  |  |  |  |  |  |  |  | 0.2 |
Long-term debt |  |  |  |  |  |  |  |  |  | $ | 2,092.9 |
Debt Instrument Redemption | The following is a summary of redemption prices for our 5.875% 2027 Senior Notes:
Redemption Period |  | Redemption Price 1 |  | Restricted Amount
Prior to June 1, 2022 - using proceeds of equity issuance |  | 105.875 | % |  | Up to 35% of original aggregate principal
Prior to June 1, 2022 2 |  | 100.000 |  |  |
Beginning on June 1, 2022 |  | 102.938 |  |  |
Beginning on June 1, 2023 |  | 101.958 |  |  |
Beginning on June 1, 2024 |  | 100.979 |  |  |
Beginning on June 1, 2025 and thereafter |  | 100.000 |  |  |
1 Plus accrued and unpaid interest, if any, up to but excluding the redemption date.
2 Plus a "make-whole" premium.
Schedule of Extinguishment of Debt | The following is a summary of the debt extinguished and the respective loss on extinguishment:
|  | (In Millions)
|  | Nine Months Ended September 30, 2019
Debt Instrument |  | Debt Extinguished |  | (Loss) on Extinguishment
$700 Million 4.875% 2021 Senior Notes |  | $ | 124.0 |  |  | $ | (5.3 | )
$1.075 Billion 5.75% 2025 Senior Notes |  | 600.0 |  |  | (12.9 | )
|  | $ | 724.0 |  |  | $ | (18.2 | )
| The following is a summary of the debt extinguished with cash and the respective gain on extinguishment:
|  | (In Millions)
|  | Three Months Ended September 30, 2018 |  | Nine Months Ended September 30, 2018
Debt Instrument |  | Debt Extinguished |  | Gain on Extinguishment |  | Debt Extinguished |  | Gain on Extinguishment
$400 Million 5.90% 2020 Senior Notes |  | $ | — |  |  | $ | — |  |  | $ | 0.5 |  |  | $ | — |
$500 Million 4.80% 2020 Senior Notes |  | — |  |  | — |  |  | 0.1 |  |  | — |
$700 Million 4.875% 2021 Senior Notes |  | 1.0 |  |  | — |  |  | 14.2 |  |  | 0.1 |
$1.075 Billion 5.75% 2025 Senior Notes |  | — |  |  | — |  |  | 1.7 |  |  | 0.1 |
|  | $ | 1.0 |  |  | $ | — |  |  | $ | 16.5 |  |  | $ | 0.2 |
Schedule of Maturities of Long-term Debt | The following represents a summary of our maturities of debt instruments based on the principal amounts outstanding at September 30, 2019:
|  | (In Millions)
|  | Maturities of Debt
2019 |  | $ | — |
2020 |  | — |
2021 |  | — |
2022 |  | — |
2023 |  | — |
2024 |  | 400.0 |
2025 and thereafter |  | 1,838.0 |
Total maturities of debt |  | $ | 2,238.0 |
Schedule of Line of Credit Facilities | The following represents a summary of our borrowing capacity under the ABL Facility:
| (In Millions)
| September 30, 2019 |  | December 31, 2018
Available borrowing base on ABL Facility 1 | $ | 400.8 |  |  | $ | 323.7 |
Letter of credit obligations 2 | (34.1 | ) |  | (55.0 | )
Borrowing capacity available 3 | $ | 366.7 |  |  | $ | 268.7 |
1 The ABL Facility has a maximum borrowing base of $450 million. The available borrowing base is determined by applying customary advance rates to eligible accounts receivable, inventory and certain mobile equipment.
2 We issued standby letters of credit with certain financial institutions in order to support business obligations including, but not limited to, workers compensation and environmental obligations.
3 As of September 30, 2019 and December 31, 2018, we had no loans drawn under the ABL Facility.

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