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Debt (Tables)
3 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Debt is comprised of the following:
 
March 31, 2017
 
 
 
 
 
Fair Value
(In millions)
Principal Balance
 
Carrying Value
 
Level 1
 
Level 2
ABL facility
$
100.0

 
$
100.0

 
$

 
$
100.0

Senior notes due 2023
535.0

 
527.2

 
557.7

 

Senior notes due 2022
1,600.0

 
1,580.7

 
1,677.0

 

Senior notes due 2021
534.6

 
528.4

 
562.6

 

Senior notes due 2018
265.8

 
266.8

 
272.5

 

Term loan facility
1,494.0

 
1,448.8

 

 
1,503.8

Senior debentures due 2034
300.0

 
201.3

 
278.9

 

Convertible senior notes
49.4

 
47.8

 
144.0

 

Euro private placement notes due 2020
12.8

 
13.9

 

 
13.2

Asset financing
124.0

 
124.0

 
124.0

 

Capital leases for equipment
107.0

 
107.0

 

 
107.0

Total debt
$
5,122.6

 
$
4,945.9

 
$
3,616.7

 
$
1,724.0

Current maturities of long-term debt
$
136.6

 
$
135.0

 
 
 
 
Long-term debt
$
4,986.0

 
$
4,810.9

 
 
 
 
 
December 31, 2016
 
 
 
 
 
Fair Value
(In millions)
Principal Balance
 
Carrying Value
 
Level 1
 
Level 2
ABL facility
$
30.0

 
$
30.0

 
$

 
$
30.0

Senior notes due 2023
535.0

 
527.1

 
560.4

 

Senior notes due 2022
1,600.0

 
1,579.9

 
1,689.4

 

Senior notes due 2021
527.1

 
520.7

 
546.0

 

Senior notes due 2018
265.8

 
267.1

 
274.0

 

Term loan facility
1,481.9

 
1,439.2

 

 
1,507.1

Senior debentures due 2034
300.0

 
200.8

 
241.6

 

Convertible senior notes
49.4

 
47.1

 
129.8

 

Euro private placement notes due 2020
12.6

 
13.7

 

 
14.0

Asset financing
145.0

 
145.0

 
145.0

 

Capital leases for equipment
97.4

 
97.4

 

 
97.4

Total debt
$
5,044.2

 
$
4,868.0

 
$
3,586.2

 
$
1,648.5

Current maturities of long-term debt
$
138.9

 
$
136.5

 
 
 
 
Long-term debt
$
4,905.3

 
$
4,731.5