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DEBT AND CREDIT FACILITIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Debt Disclosure [Abstract] |  |  |
Schedule Of Long-Term Debt | The following represents a summary of our long-term debt:
(In Millions)
December 31, 2019
Debt Instrument |  | Annual Effective Interest Rate |  | Total Principal Amount |  | Debt Issuance Costs |  | Unamortized Discounts |  | Total Debt
Senior Secured Notes: |  |  |  |  |  |  |  |  |  |
$400 Million 4.875% 2024 Senior Notes |  | 5.00% |  | $ | 400.0 |  |  | $ | (4.6 | ) |  | $ | (1.8 | ) |  | $ | 393.6 |
Senior Unsecured Notes: |  |  |  |  |  |  |  |  |  |
$316.25 Million 1.50% 2025 Convertible Senior Notes |  | 6.26% |  | 316.3 |  |  | (4.6 | ) |  | (65.0 | ) |  | 246.7 |
$1.075 Billion 5.75% 2025 Senior Notes |  | 6.01% |  | 473.3 |  |  | (3.6 | ) |  | (5.5 | ) |  | 464.2 |
$750 Million 5.875% 2027 Senior Notes |  | 6.49% |  | 750.0 |  |  | (6.3 | ) |  | (27.3 | ) |  | 716.4 |
$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 |  |  |  |  |  |  |  |  |  | $ | 2,113.8 |
(In Millions)
December 31, 2018
Debt Instrument |  | Annual Effective Interest Rate |  | Total Principal Amount |  | Debt Issuance Costs |  | Unamortized Discounts |  | Total Debt
Senior Secured Notes: |  |  |  |  |  |  |  |  |  |
$400 Million 4.875% 2024 Senior Notes |  | 5.00% |  | $ | 400.0 |  |  | $ | (5.7 | ) |  | $ | (2.2 | ) |  | $ | 392.1 |
Unsecured Senior 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 |
Schedule of Extinguishment of Debt [Table Text Block] | The following is a summary of the debt extinguished and the respective loss on extinguishment:
|  | (In Millions)
|  | Year Ended December 31, 2019
|  | Debt Extinguished |  | (Loss) on Extinguishment 1
Unsecured Notes: |  |  |  |
$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 | )
1 This includes premiums paid related to the redemption of our notes of $5.3 million.
| The following is a summary of the debt extinguished and the respective gain (loss) on extinguishment:
|  | (In Millions)
|  | Year Ended December 31, 2018
|  | Debt Extinguished |  | Gain (Loss) on Extinguishment 1
Unsecured Notes: |  |  |  |
$400 Million 5.90% 2020 Senior Notes |  | $ | 88.9 |  |  | $ | (3.3 | )
$500 Million 4.80% 2020 Senior Notes |  | 122.4 |  |  | (3.7 | )
$700 Million 4.875% 2021 Senior Notes |  | 14.4 |  |  | 0.1 |
$1.075 Billion 5.75% 2025 Senior Notes |  | 1.7 |  |  | 0.1 |
|  | $ | 227.4 |  |  | $ | (6.8 | )
1 This includes premiums paid related to the redemption of our notes of $7.1 million.
| The following is a summary of the debt extinguished and the respective gain (loss) on extinguishment:
|  | (In Millions)
|  | Year Ended December 31, 2017
|  | Debt Extinguished |  | Gain (Loss) on Extinguishment 1
Secured Notes: |  |  |  |
$540 Million 8.25% 2020 First Lien Notes |  | $ | 540.0 |  |  | $ | (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 |  |  | $ | (165.4 | )
1 This includes premiums paid related to the redemption of our notes of $110.0 million.
Schedule of Maturities of Long-term Debt [Table Text Block] | The following represents a summary of our debt instrument maturities based on the principal amounts outstanding at December 31, 2019:
| (In Millions)
| Maturities of Debt
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 [Table Text Block] | The following represents a summary of our borrowing capacity under the ABL Facility:
| (In Millions)
| December 31, 2019 |  | December 31, 2018
Available borrowing base on ABL Facility 1 | $ | 395.7 |  |  | $ | 323.7 |
Letter of credit obligations and other commitments 2 | (37.9 | ) |  | (55.0 | )
Borrowing capacity available 3 | $ | 357.8 |  |  | $ | 268.7 |
1 The ABL Facility has a maximum borrowing base of $450 million, 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 December 31, 2019 and 2018 we had no loans drawn under the ABL Facility.

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