v3.3.1.900

Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Debt Instrument |
Schedule of Future Minimum Lease Payments for Capital Leases | Future minimum annual lease payments, including interest for the capital lease were (in millions):
| December 31, 2015
2016 | $ | 1 |
2017 | 1 |
2018 | 1 |
2019 | 1 |
2020 | 1 |
Thereafter | 7 |
Total minimum lease payments | 12 |
Less amount representing interest | (4 | )
Capital lease obligations | $ | 8 |
Schedule of Debt | Our total debt was comprised of the following (in millions):
| December 31,
| 2015 |  | 2014
Revolving Credit Facility | $ | 305 |  |  | $ | 260 |
Term Loan Facility | 250 |  |  | — |
5.500% Senior Notes due 2019 | 500 |  |  | 500 |
5.875% Senior Notes due 2020 (a) | 470 |  |  | 470 |
6.125% Senior Notes due 2021 | 550 |  |  | 550 |
6.250% Senior Notes due 2022 | 800 |  |  | 800 |
Capital lease obligations | 8 |  |  | 8 |
Total Debt | 2,883 |  |  | 2,588 |
Unamortized issuance costs (b) | (39 | ) |  | (44 | )
Current maturities | — |  |  | — |
Debt, less current maturities | $ | 2,844 |  |  | $ | 2,544 |
____________
(a) | Unamortized premium of $4 million and $5 million associated with these senior notes are included in unamortized issuance costs at December 31, 2015 and 2014, respectively.
(b) | The Company adopted ASU 2015-03 in the first quarter of 2015 and applied changes retrospectively to the prior period presented. See Note 1 for further discussion.
Revolving Credit Facility |
Debt Instrument |
Schedule of Line of Credit Facilities | As of December 31, 2015, our Revolving Credit Facility was subject to the following:
Credit Facility |  | 30 day Eurodollar (LIBOR) Rate |  | Eurodollar Margin |  | Base Rate |  | Base Rate Margin |  | Commitment Fee (unused portion)
Revolving Credit Facility (a) |  | 0.43% |  | 2.50% |  | 3.50% |  | 1.50% |  | 0.50%
____________
(a) | We have the option to elect if the borrowings will bear interest at either, a base rate plus the base rate margin or a Eurodollar rate, for the applicable period, plus the Eurodollar margin at the time of the borrowing. The applicable margin varies based upon a certain leverage ratio, as defined by the Revolving Credit Facility. Letters of credit outstanding under the Revolving Credit Facility incur fees at the Eurodollar margin rate.
Unsecured Term Loan Facility |
Debt Instrument |
Schedule of Line of Credit Facilities | The borrowings under our Unsecured Term Loan Facility incurred interest at a rate of 3.10% as of December 31, 2015, based on the following expense and fee schedule:
Credit Facility |  | 30 day Eurodollar (LIBOR) Rate |  | Eurodollar Margin |  | Base Rate |  | Base Rate Margin
Unsecured Term Loan Facility ($250 million) (b) |  | 0.35% |  | 2.75% |  | 3.50% |  | 1.75%
____________
(b) | We can elect the interest rate to apply to the Unsecured Term Loan Facility between a base rate plus the base rate margin, or a Eurodollar rate, for the applicable term, plus the Eurodollar margin at the time of borrowing.

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6455398&loc=d3e45280-112737 + Details
Name: | us-gaap_ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + 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 210.5-02.19(b),22(b)) -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 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 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_UnsecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |