XML 57 R41.htm IDEA: XBRL DOCUMENT
v3.8.0.1

LONG-TERM OBLIGATIONS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | Long-term debt is summarized as follows (in millions):
| December 31,
| 2017 |  | 2016
5-5/8% Senior Notes due February 1, 2025, net of unamortized debt issuance costs of $10.4 | $ | 589.6 |  |  | $ | — |
6-1/2% Senior Notes due April 1, 2020, net of unamortized debt issuance costs of $2.1 | — |  |  | 297.9 |
6% Senior Notes due May 15, 2021, net of unamortized debt issuance costs of $7.5 | — |  |  | 842.5 |
2017 Credit Agreement – term debt, net of unamortized debt issuance costs of $6.1 | 389.0 |  |  | — |
2014 Credit Agreement – term debt, net of unamortized debt issuance costs of $7.9 | — |  |  | 420.7 |
Capital lease obligations | 3.1 |  |  | 2.9 |
Other | 3.1 |  |  | 11.8 |
Total debt | 984.8 |  |  | 1,575.8 |
Less: Notes payable and current portion of long-term debt | (5.2 | ) |  | (13.8 | )
Long-term debt, less current portion | $ | 979.6 |  |  | $ | 1,562.0 |
Schedule of Maturities of Long-term Debt | Amounts shown are exclusive of minimum lease payments for capital lease obligations (in millions):
2018 | $ | 4.9 |
2019 | 4.2 |
2020 | 3.7 |
2021 | 3.7 |
2022 | 3.7 |
Thereafter | 978.0 |
Total Debt | 998.2 |
Less: Unamortized debt issuance costs | $ | (16.5 | )
Net debt | $ | 981.7 |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments | Based on indicative price quotations from financial institutions multiplied by the amount recorded on the Company’s Consolidated Balance Sheet, excluding debt acquisition costs (“Book Value”), the Company estimates the fair values (“FV”) of its debt set forth below as of December 31, 2017 and 2016, as follows (in millions, except for quotes):
2017 | Book Value |  | Quote |  | FV
5-5/8% Notes | $ | 600.0 |  |  | $ | 1.04000 |  |  | $ | 624 |
2017 Credit Agreement Term Loan (net of discount) | $ | 395.1 |  |  | $ | 1.00708 |  |  | $ | 398 |
2016 | Book Value |  | Quote |  | FV
6-1/2% Senior Notes | $ | 300.0 |  |  | $ | 1.02500 |  |  | $ | 308 |
6% Senior Notes | $ | 850.0 |  |  | $ | 1.02750 |  |  | $ | 873 |
2014 Credit Agreement Term Loan (net of discount) – USD | $ | 223.5 |  |  | $ | 1.00000 |  |  | $ | 224 |
2014 Credit Agreement Term Loan (net of discount) – EUR | $ | 205.1 |  |  | $ | 0.99500 |  |  | $ | 204 |

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 information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
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=6928386&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=6479336&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=6928386&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=6928386&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=6928386&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 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