Debt Obligations (Tables)

3 Months Ended

Mar. 31, 2014

Debt Obligations [Abstract]

Schedule of Outstanding Debt

	March 31, 2014			December 31, 2013
Long-term debt:
Non-Partnership obligations:
TRC Senior secured revolving credit facility, variable rate, due October 2017(1)	$	72.0		$	84.0
Obligations of the Partnership: (2)
Senior secured revolving credit facility, variable rate, due October 2017(3)		355.0			395.0
Senior unsecured notes, 7⅞% fixed rate, due October 2018		250.0			250.0
Senior unsecured notes, 6⅞% fixed rate, due February 2021		483.6			483.6
Unamortized discount		(27.4	)		(28.0	)
Senior unsecured notes, 6⅜% fixed rate, due August 2022		300.0			300.0
Senior unsecured notes, 5¼% fixed rate, due May 2023		600.0			600.0
Senior unsecured notes, 4¼% fixed rate, due November 2023		625.0			625.0
Accounts receivable securitization facility, due December 2014(4)		233.5			279.7
Total long-term debt	$	2,891.7		$	2,989.3
Irrevocable standby letters of credit:
Letters of credit outstanding under TRC Senior secured credit facility (1)	$	-		$	-
Letters of credit outstanding under the Partnership senior secured revolving credit facility (3)		97.2			86.8
	$	97.2		$	86.8

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(1) As of March 31, 2014, availability under TRC’s $150 million senior secured revolving credit facility was $78.0 million.

(2) While we consolidate the debt of the Partnership in our financial statements, we do not have the obligation to make interest payments or debt payments with respect to the debt of the Partnership.

(3) As of March 31, 2014, availability under the Partnership’s $1.2 billion senior secured revolving credit facility was $747.8 million.

(4) All amounts outstanding under the Partnership’s Securitization Facility are reflected as long-term debt in our balance sheet because the Partnership has the ability and intent to fund the Securitization Facility’s borrowings on a long-term basis.

Interest Rates Incurred on Variable-Rate Debt Obligations

The following table shows the range of interest rates and weighted average interest rate incurred on our and the Partnership’s variable-rate debt obligations during the three months ended March 31, 2014:

	Range of Interest Rates Incurred		Weighted Average Interest Rate Incurred
TRC senior secured revolving credit facility		2.9%		2.9%
Partnership's senior secured revolving credit facility		2.2% - 4.5%		2.3%
Partnership's accounts receivable securitization facility		0.9%		0.9%