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Debt and Credit Facilities - Total Debt Outstanding (Detail)
€ in Millions, $ in Millions
Dec. 31, 2015
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2015
EUR (€)
Dec. 31, 2014
USD ($)
Debt Instrument [Line Items]        
Short-term borrowings $ 241.9     $ 143.3 [1],[2],[3]
Current portion of long-term debt 46.6     1.0 [1],[2],[3]
Total current debt 288.5     144.3
Other 3.8     1.1
Total long-term debt, less current portion 4,302.7     4,282.0 [1],[2],[3]
Total debt 4,591.2     4,426.3
Term Loan A Due July 2017 [Member]        
Debt Instrument [Line Items]        
Credit facility amount outstanding 249.8     249.7
Term Loan A Due July 2019 [Member]        
Debt Instrument [Line Items]        
Credit facility amount outstanding 1,060.5     1,129.4
6.50% Senior Notes Due December 2020 [Member]        
Debt Instrument [Line Items]        
Senior Notes 427.6     428.1
8.375% Senior Notes Due September 2021 [Member]        
Debt Instrument [Line Items]        
Senior Notes       750.0
4.875% Senior Notes due December 2022 [Member]        
Debt Instrument [Line Items]        
Senior Notes 425.0     425.0
5.25% Senior Notes Due April 2023 [Member]        
Debt Instrument [Line Items]        
Senior Notes 425.0     425.0
4.50% Senior Notes due September 2023 [Member]        
Debt Instrument [Line Items]        
Senior Notes 437.3   € 400  
5.125% Senior Notes due December 2024 [Member]        
Debt Instrument [Line Items]        
Senior Notes 425.0     425.0
5.50% Senior Notes due September 2025 [Member]        
Debt Instrument [Line Items]        
Senior Notes 400.0 $ 400.0    
6.875% Senior Notes Due July 2033 [Member]        
Debt Instrument [Line Items]        
Senior Notes $ 448.7     $ 448.7
[1] As of December 31, 2015, we have adopted ASU 2015-17 which resulted in a decrease in deferred tax assets of $105.6 million, an increase in non-current deferred tax assets of $17.0 million, a decrease in current deferred tax liabilities of $4.8 million and a decrease in non-current deferred tax liabilities of $83.8 million as of December 31, 2014.
[2] During the fourth quarter of 2015, we completed the sale of our European food trays business. During the fourth quarter of 2015, the assets and liabilities met the criteria of held for sale classification. Accordingly, we reclassified $37 million of assets and $7 million of liabilities as held for sale as of December 31, 2014. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details. Certain foreign currency translation adjustments were misclassified within the components of Accumulated Other Comprehensive Income on the Consolidated Balance Sheets. Additionally, we reclassified $13 million from accounts payable to short-term borrowings related to extended payment terms on a vendor agreement and $36 million from cash to other assets related to cash used as collateral for borrowing agreements. See Note 2 “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” under the heading “Reclassifications and Revisions” for further discussion of the revisions.
[3] During the second quarter of 2015, we completed the sale of our North American foam trays and absorbent pads business. During the first quarter of 2015, the assets and liabilities met the criteria of held for sale classification. Accordingly, we reclassified $42 million of assets and $6 million of liabilities as held for sale as of December 31, 2014. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details.