Debt (Tables)

6 Months Ended

Jun. 30, 2011

Notes payable, capital leases and long-term debt

Our notes payable, capital leases and long-term debt as of June 30, 2011 and December 31, 2010 are listed in the following table in millions, and are presented net of unamortized discounts, adjustments to fair value related to hedging transactions and the unamortized portion of adjustments to fair value recorded in purchase accounting.


	June 30, 2011			December 31, 2010
$1.75 billion Revolver due 2013, amended to $1.25 billion due 2013	$	—		$	25.0
$1.0 billion Revolver due 2012, amended to $1.25 billion due 2016		—			50.0
Senior notes, fixed interest rate of 5.750%, due February 2011		—			261.7
Senior notes, fixed interest rate of 6.375%, due April 2011		—			215.1
Senior notes, fixed interest rate of 6.750%, due August 2011		388.0			392.0
Senior notes, fixed interest rate of 7.125%, due May 2016		—			535.5
Senior notes, fixed interest rate of 6.875%, due June 2017		669.1			663.9
Senior notes, fixed interest rate of 3.800%, due May 2018		699.8			—
Senior notes, fixed interest rate of 5.500%, due September 2019		646.0			645.8
Senior notes, fixed interest rate of 5.000%, due March 2020		849.9			849.9
Senior notes, fixed interest rate of 5.250%, due November 2021		600.0			600.0
Debentures, fixed interest rate of 9.250%, due May 2021		33.2			93.4
Senior notes, fixed interest rate of 4.750%, due May 2023		548.6			—
Senior notes, fixed interest rate of 6.086%, due March 2035		250.1			249.8
Debentures, fixed interest rate of 7.400%, due September 2035		132.0			267.6
Senior notes, fixed interest rate of 6.200%, due March 2040		649.5			649.5
Senior notes, fixed interest rate of 5.700%, due May 2041		596.6			—
Tax-exempt bonds and other tax-exempt financings; fixed and floating interest rates ranging from 0.08% to 8.25%; maturities ranging from 2013 to 2035		1,151.7			1,151.8
Other debt unsecured and secured by real property, equipment and other assets; interest rates ranging from 5.00% to 11.90% maturing through 2042		91.0			92.6

Total debt		7,305.5			6,743.6
Less: Current portion		(397.8	)		(878.5	)

Long-term portion	$	6,907.7		$	5,865.1

Summary of Loss on Extinguishment of Debt

During the three and six months ended June 30, 2011 and 2010, we completed refinancing transactions that resulted in cash paid for premiums and professional fees to repurchase outstanding debt as well as the non-cash write-off of unamortized debt discounts and deferred issuance costs:


				Cash Paid		Non-cash		Total
				in Loss on		Loss on		Loss on
		Principal		Extinguishment		Extinguishment		Extinguishment
	Quarter	Repaid		of Debt		of Debt		of Debt
2011:
$99.5 million 9.250% debentures due May 2021	First	$	5.0	$	1.5	$	0.3	$	1.8
Credit Facilities	Second		—		—		1.7		1.7
$600.0 million 7.125% senior notes due May 2016	Second		600.0		21.4		61.3		82.7
$99.5 million 9.250% debentures due May 2021	Second		59.2		22.7		3.5		26.2
$360.0 million 7.400% debentures due September 2035	Second		182.7		41.9		46.7		88.6
Ineffective portion of interest rate lock settlements	Second		—		0.3		—		0.3

Loss on extinguishment of debt for the six months ended June 30, 2011				$	87.8	$	113.5	$	201.3


2010:
Accounts receivable securitization program	First	$	300.0	$	—	$	0.2	$	0.2
$425.0 million 6.125% senior notes due February 2014	First		425.0		8.7		44.1		52.8
$600.0 million 7.250% senior notes due March 2015	First		600.0		21.8		57.5		79.3

Loss on extinguishment of debt for the six months ended June 30, 2010				$	30.5	$	101.8	$	132.3

Summary of reduction to interest expense due to periodic settlements of active swap agreements

The following table summarizes the reduction to interest expense due to periodic settlements of active swap agreements on our results of operations for the three and six months ended June 30 (in millions):


	Reduction to interest expense
	due to periodic settlements
	of active swap agreements
Consolidated Statement of Income Classification	Three Months Ended June 30,
	2011		2010
Interest expense	$	2.2	$	2.1


	Six Months Ended June 30,
	2011		2010
Interest expense	$	4.4	$	4.3

Gain (loss) on our interest rate locks (settlement and amortization) included in comprehensive income

The following table summarizes the gain (loss) on our interest rate locks (settlement and amortization) included in comprehensive income for the three and six months ended June 30, net of tax (in millions):


	Amount of Gain or (Loss)
	Recognized in OCI on
	Derivatives (Effective Portion)
	Three Months Ended June 30,
	2011			2010
Interest rate locks	$	(13.6	)	$	0.1


	Six Months Ended June 30,
	2011			2010
Interest rate locks	$	(21.0	)	$	(3.6	)

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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- Definition

Tabular disclosure of debt extinguished which may include, amount of gain (loss), the income tax effect and the per share amount of the aggregate gain (loss), net of the related income tax.

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