XML 74 R17.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Debt and Credit Facilities | 3 Months Ended
--- | ---
Mar. 31, 2014
Debt Disclosure [Abstract] |
Debt and Credit Facilities | (10) Debt and Credit Facilities Our total debt outstanding consisted of the amounts included in the table below:
|  | March 31, 2014 |  |  | December 31, 2013 |
Short-term borrowings (1) |  | $ | 685.0 |  |  | $ | 81.6 |
Current portion of long-term debt(2) (3) |  |  | 10.6 |  |  |  | 201.5 |
Total current debt |  |  | 695.6 |  |  |  | 283.1 |
Term Loan A Facility due October 2016, less unamortized lender fees of $7.0 in 2014 and $8.4 in 2013 (2) (3) |  |  | 628.6 |  |  |  | 634.8 |
Term Loan B Facility due October 2018, less unamortized lender fees of $7.0 in 2014 and $7.3 in 2013, and unamortized discount of $10.3 in 2014 and $10.8 in 2013 (3) |  |  | 682.1 |  |  |  | 681.6 |
8.125% Senior Notes due September 2019 |  |  | 750.0 |  |  |  | 750.0 |
6.50% Senior Notes due December 2020 |  |  | 425.0 |  |  |  | 424.1 |
8.375% Senior Notes due September 2021 |  |  | 750.0 |  |  |  | 750.0 |
5.25% Senior Notes due April 2023 |  |  | 425.0 |  |  |  | 425.0 |
6.875% Senior Notes due July 2033, less unamortized discount of $1.4 in 2014 and 2013 |  |  | 448.6 |  |  |  | 448.6 |
Other |  |  | 1.1 |  |  |  | 2.3 |
Total long-term debt, less current portion |  |  | 4,110.5 |  |  |  | 4,116.4 |
Total debt(5) |  | $ | 4,806.1 |  |  | $ | 4,399.5 |
(1) | Includes $217 million outstanding under our U.S. and European accounts receivable securitization programs and $385 million outstanding under our revolving credit facility as of March 31, 2014. The weighted average interest rate for the revolving credit facility borrowings was 2.72% at March 31, 2014.
(2) | The 12% Senior Notes due February 2014 (“12% Senior Notes”) were included in current portion of long-term debt as of December 31, 2013. We repaid the 12% Senior Notes upon their maturity using cash on hand and committed liquidity.
(3) | We reclassified $9 million of Term Loan A and Term Loan B installment payments to current portion of long term debt. In the three months ended March 31, 2014, we prepaid $50 million of our Term Loan A Facility, which was classified as current portion of long-term debt at December 31, 2013.
(4) | The weighted average interest rate on our total outstanding debt was 5.6% as of March 31, 2014 and 6.2% as of December 31, 2013.
Lines of Credit The following table summarizes our available lines of credit and committed and uncommitted lines of credit, including our senior secured credit facility, and the amounts available under our U.S. and European accounts receivable securitization programs. We are not subject to any material compensating balance requirements in connection with our lines of credit.
|  | March 31, 2014 |  |  | December 31, 2013 |
Used lines of credit |  | $ | 685.0 |  |  | $ | 81.6 |
Unused lines of credit |  |  | 649.7 |  |  |  | 1,224.0 |
Total available lines of credit |  | $ | 1,334.7 |  |  | $ | 1,305.6 |
Available lines of credit — committed |  | $ | 951.2 |  |  | $ | 930.9 |
Available lines of credit — uncommitted |  |  | 383.5 |  |  |  | 374.7 |
Total available lines of credit |  | $ | 1,334.7 |  |  | $ | 1,305.6 |
Other Lines of Credit Substantially all of other short-term borrowings of $83 million at March 31, 2014 and $82 million at December 31, 2013 were outstanding under lines of credit available to several of our foreign subsidiaries. The following table details our other lines of credit:
|  | March 31, 2014 |  |  | December 31, 2013 |
Available lines of credit |  | $ | 406.2 |  |  | $ | 396.6 |
Unused lines of credit |  |  | 323.5 |  |  |  | 315.0 |
Weighted average interest rate |  |  | 14.9 | % |  |  | 12.3 | %
Covenants Each issue of our outstanding senior notes imposes limitations on our operations and those of specified subsidiaries. Additionally, the senior secured credit facility contains customary affirmative and negative covenants for credit facilities of this type, including limitations on our indebtedness, liens, investments, restricted payments, mergers and acquisitions, dispositions of assets, transactions with affiliates, amendment of documents and sale leasebacks, and a covenant specifying a maximum permitted ratio of Consolidated Net Debt to Consolidated EBITDA (as defined in the credit facility). We were in compliance with the above financial covenants and limitations at March 31, 2014.

X
- Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: 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
Name: | us-gaap_DebtDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration