Debt Obligations (Tables)

12 Months Ended

Dec. 31, 2016

Debt Instrument [Line Items]

Schedule of Outstanding Debt

	December 31, 2016			December 31, 2015
Current:
Obligations of the Partnership: (1)
Accounts receivable securitization facility, due December 2017	$	275.0		$	219.3
Long-term:
TRC obligations:
TRC Senior secured revolving credit facility, variable rate, due    February 2020 (2)		275.0			440.0
TRC Senior secured term loan, variable rate, due February 2022		160.0			160.0
Unamortized discount		(2.2	)		(2.5	)
Obligations of the Partnership: (1)
Senior secured revolving credit facility, variable rate, due    October 2020 (3)		150.0			280.0
Senior unsecured notes:
5% fixed rate, due January 2018		250.5			1,100.0
4⅛% fixed rate, due November 2019		749.4			800.0
6⅝% fixed rate, due October 2020		—			342.1
Unamortized premium		—			5.0
6⅞% fixed rate, due February 2021		—			483.6
Unamortized discount		—			(22.1	)
6⅜% fixed rate, due August 2022		278.7			300.0
5¼% fixed rate, due May 2023		559.6			583.7
4¼% fixed rate, due November 2023		583.9			623.5
6¾% fixed rate, due March 2024		580.1			600.0
5⅛% fixed rate, due February 2025		500.0			—
5⅜% fixed rate, due February 2027		500.0			—
TPL notes, 6⅝% fixed rate, due October 2020 (4)		—			12.9
Unamortized premium		—			0.2
TPL notes, 4¾% fixed rate, due November 2021 (4)		6.5			6.5
TPL notes, 5⅞% fixed rate, due August 2023 (4)		48.1			48.1
Unamortized premium		0.5			0.5
		4,640.1			5,761.5
Debt issuance costs, net of amortization		(34.1	)		(42.7	)
Total long-term debt		4,606.0			5,718.8
Total debt obligations	$	4,881.0		$	5,938.1
Irrevocable standby letters of credit:
Letters of credit outstanding under the TRC Senior    secured credit facility (2)	$	—		$	—
Letters of credit outstanding under the Partnership senior    secured revolving credit facility (3)		13.2			12.9
	$	13.2		$	12.9

Schedule of Contractual Maturities of Outstanding Debt Obligations

The following table shows the contractually scheduled maturities of our debt obligations outstanding at December 31, 2016, for the next five years, and in total thereafter:

	Scheduled Maturities of Debt
	Total		2017		2018		2019		2020		2021		After 2021
	(in millions)
TRC Senior secured revolving credit facility	$	275.0	$	—	$	—	$	—	$	275.0	$	—	$	—
TRC Senior secured loans		160.0		—		—		—		—		—		160.0
TRP Revolver		150.0		—		—		—		150.0		—		—
Partnership's Senior unsecured notes		4,056.8		—		250.5		749.4		—		6.5		3,050.4
Partnership's accounts receivable securitization facility		275.0		275.0		—		—		—		—		—
Total	$	4,916.8	$	275.0	$	250.5	$	749.4	$	425.0	$	6.5	$	3,210.4

Range of Interest Rates and Weighted Average Interest Rate Incurred on Variable Rate Debt Obligations

The following table shows the range of interest rates and weighted average interest rate incurred on variable-rate debt obligations during the year ended December 31, 2016:

	Range of Interest Rates Incurred		Weighted Average Interest Rate Incurred
TRC Revolver	2.2% - 4.5%			2.3%
TRC senior secured term loan (1)		5.75%		5.75%
TRP Revolver	2.4% - 5.3%			2.8%
Partnership's accounts receivable securitization facility	1.2% - 1.8%			1.3%

(1) The TRC senior secured term loan is a Eurodollar rate loan with an interest rate of LIBOR (with a LIBOR floor of 1%) plus an applicable rate of 4.75%.

Schedule of Redemption Prices for Issued Debt

The Partnership may redeem up to 35% of the aggregate principal amount of the notes in the table below at the redemption dates and prices set forth below (expressed as percentages of principal amounts) plus accrued and unpaid interest and liquidation damages, if any, with the net cash proceeds of one or more equity offerings, provided that: (i) at least 65% of the aggregate principal amount of each of the notes (excluding notes held by us) remains outstanding immediately after the occurrence of such redemption; and (ii) the redemption occurs within 180 days of the date of the closing of such equity offering.

Note Issue	Any Date Prior To	Price
4 ⅛% Notes	November 15, 2017		104.125%
6 ¾% Notes	September 15, 2018		106.750%
5 ⅛% Notes	February 1, 2020		105.125%
5 ⅜% Notes	February 1, 2022		105.375%

The Partnership may also redeem all or part of each of the series of notes on or after the redemption dates set forth below at the price for each respective year (expressed as percentages of principal amount) plus accrued and unpaid interest and liquidation damages, if any, on the notes redeemed.

Note	Redemption Date	Year	Price
4 ⅛% Notes	November 15	2016		102.063	%
		2017		101.031	%
		2018 and thereafter		100	%
6 ⅜% Notes	February 1	2017		103.188	%
		2018		102.125	%
		2019		101.063	%
		2020 and thereafter		100	%
5 ¼% Notes	November 1	2017		102.625	%
		2018		101.750	%
		2019		100.875	%
		2020 and thereafter		100	%
4 ¼% Notes	May 15	2018		102.125	%
		2019		101.417	%
		2020		100.708	%
		2021 and thereafter		100	%
6 ¾% Notes	September 15	2019		103.375	%
		2020		101.688	%
		2021 and thereafter		100	%
5 ⅛% Notes	February 1	2020		103.844	%
		2021		102.563	%
		2022		101.281	%
		2023 and thereafter		100	%
5 ⅜% Notes	February 1	2022		102.688	%
		2023		101.792	%
		2024		100.896	%
		2025 and thereafter		100	%
TPL 4 ¾% Notes	May 15	2017		102.375	%
		2018		101.188	%
		2019 and thereafter		100	%
TPL 5 ⅞% Notes	February 1	2018		102.938	%
		2019		101.958	%
		2020		100.979	%
		2021 and thereafter		100	%

Summary of Debt Repurchased on Open Market Portion of Outstanding Senior Notes

In December 2015, the Partnership repurchased on the open market a portion of its outstanding Senior Notes as follows:

Debt Repurchased	Book Value		Payment			Gain/(Loss)		Write-off of Debt Issuance Costs			Net Gain/(Loss)
5¼% Senior Notes	$	16.3	$	(13.0	)	$	3.3	$	(0.1	)	$	3.2
4¼% Senior Notes		1.5		(1.2	)		0.3		—			0.3
6⅝% Senior Notes		0.1		(0.1	)		—		—			—
	$	17.9	$	(14.3	)	$	3.6	$	(0.1	)	$	3.5

During the year ended December 31, 2016, the Partnership repurchased on the open market a portion of its outstanding senior notes as follows:

Debt Repurchased	Book Value		Payment			Gain/(Loss)			Write-off of Debt Issuance Costs			Net Gain/(Loss)
5¼% Senior Notes	$	24.1	$	(20.1	)	$	4.0		$	(0.2	)	$	3.8
4¼% Senior Notes		39.5		(31.8	)		7.7			(0.3	)		7.4
6⅞% Senior Notes		4.8		(4.3	)		0.5			(0.1	)		0.4
6⅝% Senior Notes		32.6		(29.5	)		3.1			—			3.1
6⅜% Senior Notes		21.3		(18.7	)		2.6			(0.2	)		2.4
6¾% Senior Notes		19.9		(17.5	)		2.4			(0.2	)		2.2
5% Senior Notes		366.4		(368.2	)		(1.8	)		(2.1	)		(3.9	)
4⅛% Senior Notes		50.6		(44.2	)		6.4			(0.4	)		6.0
	$	559.2	$	(534.3	)	$	24.9		$	(3.5	)	$	21.4

Results of Tender Offers

The results of the Tender Offers, which closed in October 2016, were:

Debt Tendered	Outstanding Note Balance Prior to Tender Offers		Amount Tendered		Premium Paid		Accrued Interest Paid		Total Tender Offer Payments		Note Balance After Tender Offers
5% Senior Notes	$	733.6	$	483.1	$	16.9	$	5.4	$	505.4	$	250.5
6⅝% Senior Notes		309.9		281.7		10.5		0.3		292.5		28.2
6⅞% Senior Notes		478.6		373.5		14.4		4.6		392.5		105.1
Total	$	1,522.1	$	1,138.3	$	41.8	$	10.3	$	1,190.4	$	383.8

The following table summarizes the debt repurchases and extinguishments that are included in our Consolidated Statements of Operations:

	2016			2015			2014
Premium over face value paid upon redemption:
Partnership 5% Senior Notes	$	16.9		$	—		$	—
Partnership 6⅝% Senior Notes		11.5			—			—
Partnership 6⅞% Senior Notes		18.0			—			—
Partnership 6⅝% TPL Notes		0.4			—			—
Partnership 7⅞% Senior Notes		—			—			9.9
Recognition of unamortized discount:
TRC Term Loan, variable rate		—			4.7			—
Partnership 6⅞% Senior Notes		19.5			—			—
Recognition of unamortized premium:
Partnership 6⅝% Senior Notes		(4.3	)		—			—
Partnership 6⅝% TPL Notes		(0.2	)		—			—
Loss (gain) on repurchase of debt:
Partnership 5% Senior Notes		1.8			—			—
Partnership 4⅛% Senior Notes		(6.4	)		—			—
Partnership 6⅝% Senior Notes		(2.8	)		—			—
Partnership 6⅞% Senior Notes		(0.8	)		—			—
Partnership 6⅜% Senior Notes		(2.6	)		—			—
Partnership 5¼% Senior Notes		(4.0	)		(3.3	)		—
Partnership 4¼% Senior Notes		(7.7	)		(0.3	)		—
Partnership 6¾% Senior Notes		(2.4	)		—			—
Loss from financing with Exchange Offer:
Partnership 6⅝% Senior Notes		—			0.7			—
Write-off of debt issuance costs:
TRP Revolver		0.9			—			—
TRC Term Loan, variable rate		—			8.2			—
Partnership 5% Senior Notes		4.2			—			—
Partnership 4⅛% Senior Notes		0.4			—			—
Partnership 6⅞% Senior Notes		4.9			—			—
Partnership 6⅜% Senior Notes		0.2			—			—
Partnership 5¼% Senior Notes		0.2			0.1			—
Partnership 4¼% Senior Notes		0.3			—			—
Partnership 6¾% Senior Notes		0.2			—			—
Partnership 7⅞% Senior Notes		—			—			2.5
Loss from financing activities	$	48.2		$	10.1		$	12.4

TPL Senior Notes Tender Offers [Member]

Debt Instrument [Line Items]

Results of Tender Offers

The results of the TPL Notes Tender Offers were:

Debt Tendered	Outstanding Note Balance Prior to Tender Offers		Amount Tendered		Premium Paid		Accrued Interest Paid		Total Tender Offer Payments		% Tendered			Note Balance After Tender Offers
6⅝% Senior Notes	$	500.0	$	140.1	$	2.1	$	3.7	$	145.9		28.02	%	$	359.9
4¾% Senior Notes		400.0		393.5		5.9		5.3		404.7		98.38	%		6.5
5⅞% Senior Notes		650.0		601.9		8.7		2.6		613.2		92.60	%		48.1
Total	$	1,550.0	$	1,135.5	$	16.7	$	11.6	$	1,163.8				$	414.5