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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2013
Derivative [Line Items]  
Schedule of Fair Values of Derivative Instrument Assets and Liabilities
The following table provides details of the fair values of our derivative instrument assets and liabilities:
 
 
December 31, 2013
 
December 31, 2012
 
Current (a)
 
Long-term (a)
 
Total
 
Current (a)
 
Long-term (a)
 
Total
 
in millions
Assets:
 
 
 
 
 
 
 
 
 
 
 
Cross-currency and interest rate derivative contracts (b)
$
248.4

 
$
520.8

 
$
769.2

 
$
191.3

 
$
467.1

 
$
658.4

Equity-related derivative instruments (c)

 
430.4

 
430.4

 

 
594.6

 
594.6

Foreign currency forward contracts
2.6

 

 
2.6

 
0.7

 
0.4

 
1.1

Other
1.1

 
0.9

 
2.0

 
1.3

 
3.0

 
4.3

Total
$
252.1

 
$
952.1

 
$
1,204.2

 
$
193.3

 
$
1,065.1

 
$
1,258.4

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Cross-currency and interest rate derivative contracts (b)
$
727.2

 
$
2,191.4

 
$
2,918.6

 
$
543.2

 
$
2,156.3

 
$
2,699.5

Equity-related derivative instruments (c)
15.6

 
101.3

 
116.9

 
21.6

 

 
21.6

Foreign currency forward contracts
8.2

 
12.0

 
20.2

 
4.5

 
3.6

 
8.1

Other
0.2

 
0.6

 
0.8

 
0.6

 
0.7

 
1.3

Total
$
751.2

 
$
2,305.3

 
$
3,056.5

 
$
569.9

 
$
2,160.6

 
$
2,730.5

_______________ 

(a)
Our current derivative assets are included in other current assets and our long-term derivative assets and liabilities are included in other assets, net, and other long-term liabilities, respectively, in our consolidated balance sheets.

(b)
We consider credit risk in our fair value assessments. As of December 31, 2013 and 2012, (i) the fair values of our cross-currency and interest rate derivative contracts that represented assets have been reduced by credit risk valuation adjustments aggregating $9.8 million and $17.2 million, respectively, and (ii) the fair values of our cross-currency and interest rate derivative contracts that represented liabilities have been reduced by credit risk valuation adjustments aggregating $173.0 million and $156.5 million, respectively. The adjustments to our derivative assets relate to the risk associated with counterparty nonperformance and the adjustments to our derivative liabilities relate to credit risk associated with our own nonperformance. In all cases, the adjustments take into account offsetting liability or asset positions within a given contract. Our determination of credit risk valuation adjustments generally is based on our and our counterparties’ credit risks, as observed in the credit default swap market and market quotations for certain of our subsidiaries’ debt instruments, as applicable. The changes in the credit risk valuation adjustments associated with our cross-currency and interest rate derivative contracts resulted in net gains (losses) of $15.3 million, ($57.3 million) and $42.9 million during 2013, 2012 and 2011, respectively. These amounts are included in realized and unrealized losses on derivative instruments, net, in our consolidated statements of operations. For further information concerning our fair value measurements, see note 7.

(c)
Our equity-related derivative instruments include the fair value of (i) the share collar (the Sumitomo Collar) with respect to the Sumitomo shares held by our company at December 31, 2013 and 2012 and (ii) the Ziggo Collar and the Virgin Media Capped Calls (each as defined and described below) at December 31, 2013. The fair values of the Sumitomo Collar and the Ziggo Collar do not include credit risk valuation adjustments as we have assumed that any losses incurred by our company in the event of nonperformance by the respective counterparty would be, subject to relevant insolvency laws, fully offset against amounts we owe to such counterparty pursuant to the secured borrowing arrangements of the Sumitomo Collar and Ziggo Collar.

Schedule of Realized and Unrealized Losses on Derivative Instruments
The details of our realized and unrealized gains (losses) on derivative instruments, net, are as follows:
 
Year ended December 31,
 
2013
 
2012
 
2011
 
in millions
Continuing operations:
 
 
 
 
 
Cross-currency and interest rate derivative contracts
$
(586.5
)
 
$
(958.3
)
 
$
(110.6
)
Equity-related derivative instruments:
 
 
 
 
 
Sumitomo Collar
(206.4
)
 
(109.0
)
 
89.9

Ziggo Collar
(152.5
)
 

 

Other
(3.4
)
 

 
(2.7
)
Total equity-related derivative instruments
(362.3
)
 
(109.0
)
 
87.2

Foreign currency forward contracts
(72.9
)
 
(6.0
)
 
(36.1
)
Other
1.3

 
3.0

 
(0.4
)
Total — continuing operations
$
(1,020.4
)
 
$
(1,070.3
)
 
$
(59.9
)
Discontinued operations
$
(2.0
)
 
$
5.0

 
$
(8.8
)

Schedule of Cash Received (Paid) Related to Derivative Instruments Statement of Cash Flows Location
The classification of these cash inflows (outflows) are as follows:
 
Year ended December 31,
 
2013
 
2012
 
2011
 
in millions
Continuing operations:
 
 
 
 
 
Operating activities
$
(402.1
)
 
$
(435.5
)
 
$
(459.1
)
Investing activities
(66.5
)
 
23.7

 

Financing activities
524.5

 
(108.4
)
 
(80.4
)
Total — continuing operations
$
55.9

 
$
(520.2
)
 
$
(539.5
)
Discontinued operations
$

 
$
(6.6
)
 
$
(13.3
)
Currency Swap [Member]
 
Derivative [Line Items]  
Schedule of Derivative Instruments
The terms of our outstanding cross-currency swap contracts at December 31, 2013 are as follows:
Subsidiary /
Final maturity date (a)
 
Notional
amount
due from
counterparty
 
Notional
amount
due to
counterparty
 
Interest rate
due from
counterparty
 
Interest rate
due to
counterparty
 
 
in millions
 
 
 
 
Virgin Media Investment Holdings Limited (VMIH), a subsidiary of Virgin Media:
 
 
 
 
 
 
 
 
 
February 2022
 
$
1,400.0

 
£
873.6

 
5.01%
 
5.35%
June 2020
 
$
1,384.6

 
£
901.4

 
6 mo. LIBOR + 2.75%
 
6 mo. GBP LIBOR + 3.18%
October 2020
 
$
1,370.4

 
£
881.6

 
6 mo. LIBOR + 2.75%
 
6 mo. GBP LIBOR + 3.10%
January 2018
 
$
1,000.0

 
£
615.7

 
6.50%
 
7.05%
October 2019
 
$
500.0

 
£
302.3

 
8.38%
 
9.07%
April 2019
 
$
291.5

 
£
186.2

 
5.38%
 
5.49%
November 2016 (b)
 
$
55.0

 
£
27.7

 
6.50%
 
7.03%
UPC Holding:
 
 
 
 
 
 
 
 
 
April 2016 (b)
 
$
400.0

 
CHF
441.8

 
9.88%
 
9.87%
UPC Broadband Holding BV (UPC Broadband Holding), a subsidiary of UPC Holding:
 
 
 
 
 
 
 
 
 
November 2019
 
$
500.0

 
362.9

 
7.25%
 
7.74%
January 2015 - July 2021
 
$
312.0

 
240.0

 
6 mo. LIBOR + 2.50%
 
6 mo. EURIBOR + 2.87%
October 2020
 
$
300.0

 
219.1

 
6 mo. LIBOR + 3.00%
 
6 mo. EURIBOR + 3.04%
January 2017 - July 2021
 
$
262.1

 
194.1

 
6 mo. LIBOR + 2.50%
 
6 mo. EURIBOR + 2.51%
October 2017
 
$
200.0

 
145.7

 
6 mo. LIBOR + 3.50%
 
6 mo. EURIBOR + 3.33%
January 2020
 
$
197.5

 
150.5

 
6 mo. LIBOR + 4.92%
 
6 mo. EURIBOR + 4.91%
September 2014 - July 2021
 
$
128.0

 
97.2

 
6 mo. LIBOR + 2.50%
 
6 mo. EURIBOR + 2.90%
December 2016
 
$
340.0

 
CHF
370.9

 
6 mo. LIBOR + 3.50%
 
6 mo. CHF LIBOR + 4.01%
January 2017 - July 2021
 
$
300.0

 
CHF
278.3

 
6 mo. LIBOR + 2.50%
 
6 mo. CHF LIBOR + 2.46%
January 2015 - July 2021
 
$
200.0

 
CHF
186.0

 
6 mo. LIBOR + 2.50%
 
6 mo. CHF LIBOR + 2.55%
January 2015
 
$
171.5

 
CHF
187.1

 
6 mo. LIBOR + 2.75%
 
6 mo. CHF LIBOR + 2.95%
January 2015
 
898.4

 
CHF
1,466.0

 
6 mo. EURIBOR + 1.68%
 
6 mo. CHF LIBOR + 1.94%
January 2015 - September 2022
 
383.8

 
CHF
477.0

 
6 mo. EURIBOR + 2.00%
 
6 mo. CHF LIBOR + 2.22%
January 2015 - January 2017
 
360.4

 
CHF
589.0

 
6 mo. EURIBOR + 3.75%
 
6 mo. CHF LIBOR + 3.94%
January 2020
 
175.0

 
CHF
258.6

 
7.63%
 
6.76%
July 2020
 
107.4

 
CHF
129.0

 
6 mo. EURIBOR + 3.00%
 
6 mo. CHF LIBOR + 3.28%
January 2017
 
75.0

 
CHF
110.9

 
7.63%
 
6.98%
July 2015
 
123.8

 
CLP
86,500.0

 
2.50%
 
5.84%
December 2015
 
69.1

 
CLP
53,000.0

 
3.50%
 
5.75%
January 2015
 
365.8

 
CZK
10,521.8

 
5.48%
 
5.99%
January 2015 - January 2017
 
60.0

 
CZK
1,703.1

 
5.50%
 
6.99%
Subsidiary /
Final maturity date (a)
 
Notional
amount
due from
counterparty
 
Notional
amount
due to
counterparty
 
Interest rate
due from
counterparty
 
Interest rate
due to
counterparty
 
 
in millions
 
 
 
 
July 2017
 
39.6

 
CZK
1,000.0

 
3.00%
 
3.75%
January 2015
 
260.0

 
HUF
75,570.0

 
5.50%
 
9.40%
January 2015 - January 2017
 
260.0

 
HUF
75,570.0

 
5.50%
 
10.56%
December 2016
 
150.0

 
HUF
43,367.5

 
5.50%
 
9.20%
July 2018
 
78.0

 
HUF
19,500.0

 
5.50%
 
9.15%
January 2015
 
400.5

 
PLN
1,605.6

 
5.50%
 
7.50%
January 2015 - January 2017
 
245.0

 
PLN
1,000.6

 
5.50%
 
9.03%
September 2016
 
200.0

 
PLN
892.7

 
6.00%
 
8.19%
July 2017
 
82.0

 
PLN
318.0

 
3.00%
 
5.60%
Unitymedia Hessen GmbH & Co. KG (Unitymedia Hessen), a subsidiary of Unitymedia KabelBW:
 
 
 
 
 
 
 
 
 
January 2021
 
$
1,000.0

 
688.2

 
5.50%
 
5.58%
March 2019
 
$
459.3

 
326.5

 
7.50%
 
7.98%
_______________ 

(a)
For each subsidiary, the notional amount of multiple derivative instruments that mature within the same calendar month are shown in the aggregate and interest rates are presented on a weighted average basis. For derivative instruments that were in effect as of December 31, 2013, we present a single date that represents the applicable final maturity date.  For derivative instruments that become effective subsequent to December 31, 2013, we present a range of dates that represents the period covered by the applicable derivative instruments.

(b)
Unlike the other cross-currency swaps presented in this table, the identified cross-currency swaps do not involve the exchange of notional amounts at the inception and maturity of the instruments.  Accordingly, the only cash flows associated with these instruments are interest payments and receipts.

Cross-currency Interest Rate Swaps [Member]
 
Derivative [Line Items]  
Schedule of Derivative Instruments
The terms of our outstanding cross-currency interest rate swap contracts at December 31, 2013 are as follows:
Subsidiary /
Final maturity date (a)
 
Notional  amount
due from
counterparty
 
Notional amount
due to
counterparty
 
Interest rate
due from
counterparty
 
Interest rate
due to
counterparty
 
 
in millions
 
 
 
 
VMIH:
 
 
 
 
 
 
 
 
 
January 2021
 
$
500.0

 
£
308.9

 
5.25%
 
6 mo. GBP LIBOR + 1.94%
UPC Broadband Holding:
 
 
 
 
 
 
 
 
 
July 2018
 
$
525.0

 
396.3

 
6 mo. LIBOR + 1.99%
 
6.25%
September 2014 - January 2020
 
$
327.5

 
249.5

 
6 mo. LIBOR + 4.92%
 
7.52%
January 2015
 
$
300.0

 
226.5

 
6 mo. LIBOR + 1.75%
 
5.78%
December 2016
 
$
296.6

 
219.8

 
6 mo. LIBOR + 3.50%
 
6.75%
December 2014 - July 2018
 
$
200.0

 
151.0

 
6 mo. LIBOR + 3.00%
 
7.31%
January 2015 - July 2018
 
$
100.0

 
75.4

 
6 mo. LIBOR + 1.75%
 
5.77%
November 2019
 
$
250.0

 
CHF
226.8

 
7.25%
 
6 mo. CHF LIBOR + 5.01%
January 2020
 
$
225.0

 
CHF
206.3

 
6 mo. LIBOR + 4.81%
 
5.44%
December 2014
 
$
340.0

 
CLP
181,322.0

 
6 mo. LIBOR + 1.75%
 
8.76%
December 2016
 
$
201.5

 
RON
489.3

 
6 mo. LIBOR + 3.50%
 
14.01%
December 2014
 
134.2

 
CLP
107,800.0

 
6 mo. EURIBOR + 2.00%
 
10.00%
VTR GlobalCom:
 
 
 
 
 
 
 
 
 
September 2014
 
$
441.8

 
CLP
244,508.6

 
6 mo. LIBOR + 3.00%
 
11.16%
_______________

(a)
For each subsidiary, the notional amount of multiple derivative instruments that mature within the same calendar month are shown in the aggregate and interest rates are presented on a weighted average basis. For derivative instruments that were in effect as of December 31, 2013, we present a single date that represents the applicable final maturity date.  For derivative instruments that become effective subsequent to December 31, 2013, we present a range of dates that represents the period covered by the applicable derivative instruments.

Interest Rate Swap [Member]
 
Derivative [Line Items]  
Schedule of Derivative Instruments

The terms of our outstanding interest rate swap contracts at December 31, 2013 are as follows:

Subsidiary / Final maturity date (a)
 
Notional amount
 
Interest rate due from
counterparty
 
Interest rate due to
counterparty
 
 
in millions
 
 
 
 
VMIH:
 
 
 
 
 
 
 
October 2018
 
£
2,155.0

 
6 mo. GBP LIBOR
 
1.52%
January 2021
 
£
650.0

 
5.50%
 
6 mo. GBP LIBOR + 1.84%
January 2021
 
£
650.0

 
6 mo. GBP LIBOR + 1.84%
 
3.87%
December 2015
 
£
600.0

 
6 mo. GBP LIBOR
 
2.86%
April 2018
 
£
300.0

 
6 mo. GBP LIBOR
 
1.37%
UPC Broadband Holding:
 
 
 
 
 
 
 
July 2020
 
$
1,000.0

 
6.63%
 
6 mo. LIBOR + 3.03%
January 2022
 
$
750.0

 
6.88%
 
6 mo. LIBOR + 4.89%
January 2014
 
2,750.0

 
1 mo. EURIBOR + 3.76%
 
6 mo. EURIBOR + 3.52%
January 2014 - January 2015
 
2,100.0

 
1 mo. EURIBOR + 3.75%
 
6 mo. EURIBOR + 3.56%
January 2015
 
1,364.8

 
6 mo. EURIBOR
 
3.44%
July 2020
 
750.0

 
6.38%
 
6 mo. EURIBOR + 3.16%
January 2015 - January 2021
 
750.0

 
6 mo. EURIBOR
 
2.57%
January 2015 - December 2016
 
500.0

 
6 mo. EURIBOR
 
4.32%
July 2014
 
337.0

 
6 mo. EURIBOR
 
3.94%
January 2015 - January 2023
 
290.0

 
6 mo. EURIBOR
 
2.79%
December 2015
 
263.3

 
6 mo. EURIBOR
 
3.97%
January 2023
 
210.0

 
6 mo. EURIBOR
 
2.88%
January 2014
 
185.0

 
6 mo. EURIBOR
 
4.04%
January 2015 - January 2018
 
175.0

 
6 mo. EURIBOR
 
3.74%
July 2020
 
171.3

 
6 mo. EURIBOR
 
4.32%
January 2015 - July 2020
 
171.3

 
6 mo. EURIBOR
 
3.95%
December 2014
 
107.0

 
6 mo. EURIBOR
 
4.73%
January 2015 - November 2021
 
107.0

 
6 mo. EURIBOR
 
2.89%
January 2015
 
CHF
2,380.0

 
6 mo. CHF LIBOR
 
2.81%
January 2015 - January 2022
 
CHF
711.5

 
6 mo. CHF LIBOR
 
1.89%
January 2015 - January 2021
 
CHF
500.0

 
6 mo. CHF LIBOR
 
1.65%
January 2015 - January 2018
 
CHF
400.0

 
6 mo. CHF LIBOR
 
2.51%
January 2015 - December 2016
 
CHF
370.9

 
6 mo. CHF LIBOR
 
3.82%
January 2015 - November 2019
 
CHF
226.8

 
6 mo. CHF LIBOR + 5.01%
 
6.88%
Telenet International Finance S.a.r.l (Telenet International):
 
 
 
 
 
 
 
July 2017 - July 2019
 
600.0

 
3 mo. EURIBOR
 
3.29%
August 2015
 
350.0

 
3 mo. EURIBOR
 
3.54%
August 2015 - December 2018
 
305.0

 
3 mo. EURIBOR
 
2.46%
December 2015 - June 2021
 
250.0

 
3 mo. EURIBOR
 
3.49%
July 2019
 
200.0

 
3 mo. EURIBOR
 
3.55%
July 2017
 
150.0

 
3 mo. EURIBOR
 
3.55%
Subsidiary / Final maturity date (a)
 
Notional amount
 
Interest rate due from
counterparty
 
Interest rate due to
counterparty
 
 
in millions
 
 
 
 
July 2017 - December 2018
 
70.0

 
3 mo. EURIBOR
 
3.00%
June 2021
 
55.0

 
3 mo. EURIBOR
 
2.29%
June 2015
 
50.0

 
3 mo. EURIBOR
 
3.55%
December 2017
 
50.0

 
3 mo. EURIBOR
 
3.52%
December 2015 - July 2019
 
50.0

 
3 mo. EURIBOR
 
3.40%
December 2017 - July 2019
 
50.0

 
3 mo. EURIBOR
 
2.99%
July 2017 - June 2021
 
50.0

 
3 mo. EURIBOR
 
3.00%
August 2015 - June 2021
 
45.0

 
3 mo. EURIBOR
 
3.20%
_______________

(a)
For each subsidiary, the notional amount of multiple derivative instruments that mature within the same calendar month are shown in the aggregate and interest rates are presented on a weighted average basis. For derivative instruments that were in effect as of December 31, 2013, we present a single date that represents the applicable final maturity date.  For derivative instruments that become effective subsequent to December 31, 2013, we present a range of dates that represents the period covered by the applicable derivative instruments.

Interest Rate Cap [Member]
 
Derivative [Line Items]  
Schedule of Derivative Instruments
Our purchased and sold interest rate cap contracts with respect to EURIBOR are detailed below:
 
 
December 31, 2013
Subsidiary / Final maturity date (a)
 
Notional  amount
 
EURIBOR cap rate
 
 
in millions
 
 
Interest rate caps purchased (b):
 
 
 
 
Liberty Global Europe Financing BV (LGE Financing), the immediate parent of UPC Holding:
 
 
 
January 2015 - January 2020
735.0

 
7.00%
Telenet International:
 
 
 
June 2015 - June 2017
50.0

 
4.50%
Telenet NV, a subsidiary of Telenet:
 
 
 
December 2017
1.5

 
6.50%
December 2017
1.5

 
5.50%
 
 
 
 
 
Interest rate cap sold (c):
 
 
 
 
UPC Broadband Holding:
 
 
 
January 2015 - January 2020
735.0

 
7.00%
 _______________

(a)
For each subsidiary, the notional amount of multiple derivative instruments that mature within the same calendar month are shown in the aggregate. For derivative instruments that were in effect as of December 31, 2013, we present a single date that represents the applicable final maturity date.  For derivative instruments that become effective subsequent to December 31, 2013, we present a range of dates that represents the period covered by the applicable derivative instruments.

(b)
Our purchased interest rate caps entitle us to receive payments from the counterparty when EURIBOR exceeds the EURIBOR cap rate.

(c)
Our sold interest rate cap requires that we make payments to the counterparty when EURIBOR exceeds the EURIBOR cap rate.

Interest Rate Collar [Member]
 
Derivative [Line Items]  
Schedule of Derivative Instruments
Our interest rate collar contracts establish floor and cap rates with respect to EURIBOR on the indicated notional amounts, as detailed below:
 
 
December 31, 2013
Subsidiary / Final maturity date (a)
 
Notional
amount
 
EURIBOR floor rate (b)
 
EURIBOR cap rate (c)
 
 
in millions
 
 
 
 
UPC Broadband Holding:
 
 
 
 
 
 
January 2015 - January 2020
1,135.0

 
1.00%
 
3.54%
Telenet International:
 
 
 
 
 
 
July 2017
950.0

 
2.00%
 
4.00%
 _______________

(a)
For each subsidiary, the notional amount of multiple derivative instruments that mature within the same calendar month are shown in the aggregate and interest rates are presented on a weighted average basis. For derivative instruments that were in effect as of December 31, 2013, we present a single date that represents the applicable final maturity date.  For derivative instruments that become effective subsequent to December 31, 2013, we present a range of dates that represents the period covered by the applicable derivative instruments.

(b)
We make payments to the counterparty when EURIBOR is less than the EURIBOR floor rate.

(c)
We receive payments from the counterparty when EURIBOR is greater than the EURIBOR cap rate.
Cross-Currency Options [Member] | UPC Holding [Member]
 
Derivative [Line Items]  
Schedule of Derivative Instruments
Pursuant to its cross-currency option contracts, UPC Holding has the option to deliver U.S. dollars to the counterparty in exchange for Swiss francs at a fixed exchange rate of 0.7354 Swiss francs per one U.S. dollar, in the notional amounts listed below:
 
 
Notional amount at
Contract expiration date
 
December 31, 2013
 
 
in millions
 
 
 
April 2018
$
419.8

October 2016
$
19.8

April 2017
$
19.8

October 2017
$
19.8

Foreign Currency Forwards [Member]
 
Derivative [Line Items]  
Schedule of Derivative Instruments
The following table summarizes our outstanding foreign currency forward contracts at December 31, 2013:
Subsidiary
 
Currency
purchased
forward
 
Currency
sold
forward
 
Maturity dates
 
 
in millions
 
 
 
 
 
 
 
 
 
 
LGE Financing
$
722.7

 
524.9

 
January 2014 — October 2014
LGE Financing
275.1

 
£
230.0

 
January 2014
UPC Holding
$
479.0

 
CHF
415.1

 
October 2016 — April 2018
UPC Broadband Holding
$
2.5

 
CZK
49.3

 
January 2014 — October 2014
UPC Broadband Holding
86.6

 
CHF
106.5

 
January 2014 — December 2014
UPC Broadband Holding
15.0

 
CZK
388.4

 
January 2014 — October 2014
UPC Broadband Holding
13.9

 
HUF
4,250.0

 
January 2014 — October 2014
UPC Broadband Holding
40.0

 
PLN
176.6

 
January 2014 — October 2014
UPC Broadband Holding
£
2.1

 
2.5

 
January 2014 — July 2014
UPC Broadband Holding
CHF
123.5

 
100.7

 
January 2014
UPC Broadband Holding
HUF
6,650.0

 
22.4

 
January 2014
UPC Broadband Holding
PLN
109.0

 
26.3

 
January 2014
Telenet NV
$
43.0

 
31.9

 
January 2014 — December 2014
VTR GlobalCom
$
28.6

 
CLP
14,984.2

 
January 2014 — December 2014