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Reorganization Items, Net (Tables) | 12 Months Ended
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Dec. 31, 2016
schedule of reorganization items [Line Items] |
Reorganization under Chapter 11 of US Bankruptcy Code Disclosure [Text Block] | In accordance with Accounting Standards Codification 852, "Reorganizations," the statement of operations shall portray the results of operations of the reporting entity during the pendency of the Chapter 11 Cases. Revenues, expenses (including professional fees), realized gains and losses, and provisions for losses resulting from reorganization and restructuring of the business shall be reported separately as "reorganization items". The Company's reorganization items for the year ended December 31, 2016 consisted of the following:
|  | Year Ended
|  | December 31, 2016
|  | (Dollars in millions)
Professional fees |  | $ | 88.4 |
Loss on termination of derivative contracts |  | 75.2 |
Accounts payable settlement gains |  | (1.8 | )
Interest income |  | (1.8 | )
Other |  | (1.0 | )
Reorganization items, net |  | $ | 159.0 |
As a result of filing the Bankruptcy Petitions, counterparties to certain derivative contracts terminated the agreements shortly thereafter in accordance with their contractual terms and the Company adjusted the corresponding liabilities to be equivalent to the termination value and allowed claim amount of each contract. Such liabilities are considered first lien debt and are included within "Liabilities subject to compromise" in the accompanying consolidated balance sheet at December 31, 2016. Professional fees are only those that are directly related to the reorganization including, but not limited to, fees associated with advisors to the Debtors, the Creditors' Committee and certain secured and unsecured creditors. Interest income reflects interest earned due to the preservation of cash as a result of the automatic stay pursuant to Section 362 of the Bankruptcy Code. During the year ended December 31, 2016, $68.1 million of cash payments were made for "Reorganization items, net".
schedule of reorganization items [Table Text Block] | The Company's reorganization items for the year ended December 31, 2016 consisted of the following:
|  | Year Ended
|  | December 31, 2016
|  | (Dollars in millions)
Professional fees |  | $ | 88.4 |
Loss on termination of derivative contracts |  | 75.2 |
Accounts payable settlement gains |  | (1.8 | )
Interest income |  | (1.8 | )
Other |  | (1.0 | )
Reorganization items, net |  | $ | 159.0 |

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- Definition The entire disclosure for the description and amounts of reorganization under Chapter 11 of the US Bankruptcy Code. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 852 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6918054&loc=SL2890621-112765 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 852 -SubTopic 10 -Section 45 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=49172455&loc=d3e55811-112764 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 852 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6918054&loc=d3e56071-112765 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 852 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6918054&loc=d3e56015-112765 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 852 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6918054&loc=d3e56068-112765 + Details
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