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Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2016
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:
 
June 30, 2016
 
December 31, 2015
 
Current
 
Long-term (a)
 
Total
 
Current
 
Long-term (a)
 
Total
 
in millions
Assets:
 
 
 
 
 
 
 
 
 
 
 
Cross-currency and interest rate derivative contracts:
 
 
 
 
 
 
 
 
 
 
 
Liberty Global Group
$
324.0

 
$
2,048.1

 
$
2,372.1

 
$
263.6

 
$
1,518.5

 
$
1,782.1

LiLAC Group
6.2

 
200.7

 
206.9

 
11.8

 
291.7

 
303.5

Total cross-currency and interest rate derivative contracts (b)
330.2

 
2,248.8

 
2,579.0

 
275.4

 
1,810.2

 
2,085.6

Equity-related derivative instruments – Liberty Global Group (c)
35.5

 
926.3

 
961.8

 
135.5

 
273.0

 
408.5

Foreign currency forward contracts:
 
 
 
 


 
 
 
 
 
 
Liberty Global Group
15.2

 
13.7

 
28.9

 
6.2

 
—

 
6.2

LiLAC Group
—

 
—

 
—

 
4.2

 
—

 
4.2

Total foreign currency forward contracts
15.2

 
13.7

 
28.9

 
10.4

 
—

 
10.4

Other – Liberty Global Group
0.4

 
0.6

 
1.0

 
0.6

 
1.0

 
1.6

Total assets:
 
 
 
 
 
 
 
 
 
 
 
Liberty Global Group
375.1

 
2,988.7

 
3,363.8

 
405.9

 
1,792.5

 
2,198.4

LiLAC Group
6.2

 
200.7

 
206.9

 
16.0

 
291.7

 
307.7

Total
$
381.3


$
3,189.4


$
3,570.7


$
421.9


$
2,084.2


$
2,506.1

 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2016
 
December 31, 2015
 
Current
 
Long-term (a)
 
Total
 
Current
 
Long-term (a)
 
Total
 
in millions
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Cross-currency and interest rate derivative contracts:
 
 
 
 
 
 
 
 
 
 
 
Liberty Global Group
$
514.4

 
$
1,559.5

 
$
2,073.9

 
$
304.9

 
$
1,194.7

 
$
1,499.6

LiLAC Group
21.1

 
61.2

 
82.3

 
—

 
13.8

 
13.8

Total cross-currency and interest rate derivative contracts (b)
535.5

 
1,620.7

 
2,156.2

 
304.9

 
1,208.5

 
1,513.4

Equity-related derivative instruments – Liberty Global Group (c)
41.7

 
—

 
41.7

 
34.7

 
39.7

 
74.4

Foreign currency forward contracts:
 
 
 
 
 
 
 
 
 
 
 
Liberty Global Group
2.1

 
—

 
2.1

 
1.1

 
—

 
1.1

LiLAC Group
8.9

 
0.6

 
9.5

 
—

 
—

 
—

Total foreign currency forward contracts
11.0

 
0.6

 
11.6

 
1.1

 
—

 
1.1

Other – Liberty Global Group
—

 
0.1

 
0.1

 
5.6

 
0.1

 
5.7

Total liabilities:
 
 
 
 
 
 
 
 
 
 
 
Liberty Global Group
558.2

 
1,559.6

 
2,117.8

 
346.3

 
1,234.5

 
1,580.8

LiLAC Group
30.0

 
61.8

 
91.8

 
—

 
13.8

 
13.8

Total
$
588.2


$
1,621.4


$
2,209.6


$
346.3


$
1,248.3


$
1,594.6

_______________ 

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

(b)
We consider credit risk in our fair value assessments. As of June 30, 2016 and December 31, 2015, (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 $127.1 million and $64.0 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 $160.4 million and $86.5 million, respectively. The adjustments to our derivative assets relate to the credit 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 a net gain (loss) of ($14.3 million) and $77.2 million during the three months ended June 30, 2016 and 2015, respectively, and net gains of $7.1 million and $60.3 million during the six months ended June 30, 2016 and 2015, respectively. These amounts are included in realized and unrealized gains (losses) on derivative instruments, net, in our condensed consolidated statements of operations. For further information regarding our fair value measurements, see note 5.

(c)
Our equity-related derivative instruments primarily include the fair value of (i) the share collar (the ITV Collar) with respect to ITV plc (ITV) shares held by our company, (ii) the share collar (the Sumitomo Collar) with respect to the shares of Sumitomo Corporation (Sumitomo) held by our company, (iii) the prepaid forward transaction (the Lionsgate Forward) with respect to 2.5 million of the shares of Lions Gate Entertainment Corp (Lionsgate) held by our company and (iv) Virgin Media’s conversion hedges (the Virgin Media Capped Calls) with respect to Virgin Media’s 6.50% convertible senior notes. The fair values of the ITV Collar, the Sumitomo Collar and the Lionsgate Forward do not include credit risk valuation adjustments as we assume 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 related secured borrowing arrangements.

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:
 
Three months ended
 
Six months ended
 
June 30,
 
June 30,
 
2016
 
2015
 
2016
 
2015
 
in millions
Cross-currency and interest rate derivative contracts:
 
 
 
 
 

 
Liberty Global Group
$
699.8

 
$
(547.7
)
 
$
64.4

 
$
114.6

LiLAC Group
(43.6
)
 
(0.6
)
 
(181.2
)
 
77.6

Total cross-currency and interest rate derivative contracts
656.2

 
(548.3
)
 
(116.8
)
 
192.2

Equity-related derivative instruments – Liberty Global Group:
 
 
 
 
 

 
ITV Collar
308.3

 
(53.5
)
 
513.7

 
(158.9
)
Sumitomo Collar
66.3

 
(61.8
)
 
135.0

 
(71.9
)
Lionsgate Forward
3.3

 
—

 
22.0

 
—

Other
0.5

 
0.5

 
0.9

 
1.1

Total equity-related derivative instruments
378.4

 
(114.8
)
 
671.6


(229.7
)
Foreign currency forward contracts:
 
 
 
 
 

 
Liberty Global Group
19.8

 
(18.1
)
 
(1.9
)
 
(27.4
)
LiLAC Group
(1.8
)
 
1.8

 
(8.9
)
 
3.0

Total foreign currency forward contracts
18.0

 
(16.3
)
 
(10.8
)
 
(24.4
)
Other – Liberty Global Group
(0.6
)
 
(0.3
)
 
(0.7
)
 
0.7

 
 
 
 
 
 
 
 
Total Liberty Global Group
1,097.4

 
(680.9
)
 
733.4

 
(141.8
)
Total LiLAC Group
(45.4
)
 
1.2

 
(190.1
)
 
80.6

Total
$
1,052.0


$
(679.7
)

$
543.3


$
(61.2
)
Schedule of Cash Received (Paid) Related to Derivative Instruments Statement of Cash Flows Location
The net cash received or paid related to our derivative instruments is classified as an operating, investing or financing activity in our condensed consolidated statements of cash flows based on the objective of the derivative instrument and the classification of the applicable underlying cash flows. For foreign currency forward contracts that are used to hedge capital expenditures, the net cash received or paid is classified as an adjustment to capital expenditures in our condensed consolidated statements of cash flows. For derivative contracts that are terminated prior to maturity, the cash paid or received upon termination that relates to future periods is classified as a financing activity. The classification of these net cash outflows is as follows:
 
Six months ended
 
June 30,
 
2016
 
2015
 
in millions
Operating activities:
 
 
 
Liberty Global Group
$
(1.5
)
 
$
(161.3
)
LiLAC Group
2.8

 
(17.7
)
Total operating activities
1.3

 
(179.0
)
Investing activities – LiLAC Group
(0.4
)
 
(0.4
)
Financing activities – Liberty Global Group
(43.3
)
 
(303.3
)
Total cash outflows:
 
 
 
Liberty Global Group
(44.8
)
 
(464.6
)
LiLAC Group
2.4

 
(18.1
)
Total
$
(42.4
)
 
$
(482.7
)
Cross-currency and interest rate derivative contracts  
Derivative [Line Items]  
Schedule of Derivative Instruments
The terms of our outstanding cross-currency swap contracts at June 30, 2016 are as follows:
Subsidiary /
Final maturity date
 
Notional
amount
due from
counterparty
 
Notional
amount
due to
counterparty
 
Interest rate
due from
counterparty
 
Interest rate
due to (from)
counterparty
 
 
in millions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Virgin Media Investment Holdings Limited (VMIH), a subsidiary of Virgin Media:
 
 
 
 
 
 
 
 
 
January 2023
 
$
400.0

 
€
339.6

 
5.75%
 
4.33%
February 2022 (a)
 
$
2,208.5

 
£
1,378.7

 
3.29%
 
3.61%
June 2023
 
$
1,855.0

 
£
1,198.3

 
6 mo. LIBOR + 2.75%
 
6 mo. GBP LIBOR + 3.18%
January 2023
 
$
1,000.0

 
£
648.6

 
5.25%
 
5.32%
August 2024
 
$
750.0

 
£
527.0

 
5.50%
 
5.46%
April 2023 (a)
 
$
480.0

 
£
299.1

 
1.55%
 
1.78%
February 2022 - April 2023
 
$
475.0

 
£
295.6

 
4.88%
 
5.32%
October 2022
 
$
450.0

 
£
272.0

 
6.00%
 
6.43%
January 2021
 
$
447.9

 
£
276.7

 
5.25%
 
6 mo. GBP LIBOR + 2.06%
January 2022
 
$
425.0

 
£
255.8

 
5.50%
 
4.86%
January 2022 - January 2025
 
$
425.0

 
£
255.8

 
3 mo. LIBOR
 
4.86%
April 2019
 
$
191.5

 
£
122.3

 
5.38%
 
5.49%
April 2019 - February 2022
 
$
191.5

 
£
122.3

 
5.38%
 
5.54%
October 2019
 
$
100.0

 
£
65.4

 
7.19%
 
7.23%
November 2016 (a)
 
$
55.0

 
£
27.7

 
6.50%
 
7.03%
October 2019 - October 2022
 
$
50.0

 
£
30.7

 
6.00%
 
5.75%
October 2019 - April 2023
 
$
50.0

 
£
30.3

 
6.38%
 
6.84%
October 2019 (a)
 
£
30.3

 
$
50.0

 
2.14%
 
2.00%
UPC Broadband Holding B.V. (UPC Broadband Holding), a subsidiary of UPC Holding:
 
 
 
 
 
 
 
 
 
January 2023
 
$
1,140.0

 
€
1,043.7

 
5.38%
 
3.71%
July 2021
 
$
440.0

 
€
337.2

 
6 mo. LIBOR + 2.50%
 
6 mo. EURIBOR + 2.87%
January 2017 - July 2021
 
$
262.1

 
€
194.1

 
6 mo. LIBOR + 2.50%
 
6 mo. EURIBOR + 2.51%
November 2019
 
$
250.0

 
€
181.5

 
7.25%
 
7.74%
November 2021
 
$
250.0

 
€
181.4

 
7.25%
 
7.50%
January 2022
 
$
171.6

 
€
127.7

 
6 mo. LIBOR + 3.85%
 
6 mo. EURIBOR + 4.06%
January 2020
 
$
163.8

 
€
124.9

 
6 mo. LIBOR + 4.88%
 
7.49%
January 2022
 
$
88.8

 
€
67.6

 
6 mo. LIBOR + 5.03%
 
7.16%
Subsidiary /
Final maturity date
 
Notional
amount
due from
counterparty
 
Notional
amount
due to
counterparty
 
Interest rate
due from
counterparty
 
Interest rate
due to (from)
counterparty
 
 
in millions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
January 2020
 
$
49.4

 
€
37.7

 
6 mo. LIBOR + 4.86%
 
6 mo. EURIBOR + 4.81%
June 2021
 
$
26.5

 
€
19.4

 
6 mo. LIBOR + 3.00%
 
6 mo. EURIBOR + 3.31%
December 2016
 
$
340.0

 
CHF
370.9

 
6 mo. LIBOR + 3.50%
 
6 mo. CHF LIBOR + 4.01%
July 2016 (a)
 
$
225.0

 
CHF
206.3

 
6 mo. LIBOR + 4.81%
 
1.00%
July 2016 - January 2020
 
$
225.0

 
CHF
206.3

 
6 mo. LIBOR + 4.81%
 
5.44%
July 2021
 
$
200.0

 
CHF
186.0

 
6 mo. LIBOR + 2.50%
 
6 mo. CHF LIBOR + 2.55%
January 2017 - July 2023
 
$
200.0

 
CHF
185.5

 
6 mo. LIBOR + 2.50%
 
6 mo. CHF LIBOR + 2.48%
November 2021
 
$
175.0

 
CHF
158.7

 
7.25%
 
6 mo. CHF LIBOR + 5.01%
January 2017 - July 2021
 
$
100.0

 
CHF
92.8

 
6 mo. LIBOR + 2.50%
 
6 mo. CHF LIBOR + 2.49%
July 2016 (a)
 
$
201.5

 
RON
489.3

 
6 mo. LIBOR + 3.50%
 
1.40%
July 2016 - July 2020
 
$
201.5

 
RON
489.3

 
6 mo. LIBOR + 3.50%
 
11.34%
September 2022
 
€
435.6

 
CHF
528.2

 
6 mo. EURIBOR + 2.62%
 
6 mo. CHF LIBOR + 2.72%
January 2021
 
€
398.6

 
CHF
485.0

 
6 mo. EURIBOR + 2.50%
 
6 mo. CHF LIBOR + 2.65%
January 2017 - September 2022
 
€
383.8

 
CHF
477.0

 
6 mo. EURIBOR + 2.00%
 
6 mo. CHF LIBOR + 2.22%
October 2016
 
€
285.1

 
CHF
346.7

 
10.51%
 
(0.73)%
October 2016 - January 2020
 
€
285.1

 
CHF
346.7

 
10.51%
 
9.42%
July 2023
 
€
200.0

 
CHF
216.9

 
—%
 
(0.51)%
January 2017
 
€
199.4

 
CHF
325.0

 
6 mo. EURIBOR + 3.75%
 
6 mo. CHF LIBOR + 3.95%
January 2020
 
€
175.0

 
CHF
258.6

 
7.63%
 
6.76%
January 2020
 
€
161.0

 
CHF
264.0

 
6 mo. EURIBOR + 3.75%
 
6 mo. CHF LIBOR + 2.88%
July 2023
 
€
85.3

 
CHF
95.0

 
6 mo. EURIBOR + 2.21%
 
6 mo. CHF LIBOR + 2.65%
January 2017
 
€
75.0

 
CHF
110.9

 
7.63%
 
6.98%
July 2021
 
€
70.1

 
CHF
84.8

 
6 mo. EURIBOR + 2.50%
 
6 mo. CHF LIBOR + 2.88%
January 2020
 
€
318.9

 
CZK
8,818.7

 
5.58%
 
5.44%
January 2022
 
€
60.0

 
CZK
1,703.1

 
5.50%
 
5.71%
July 2017
 
€
39.6

 
CZK
1,000.0

 
3.00%
 
3.75%
July 2016 (a)
 
€
260.0

 
HUF
75,570.0

 
5.50%
 
5.00%
July 2016 - December 2021
 
€
260.0

 
HUF
75,570.0

 
5.50%
 
8.97%
December 2021
 
€
150.0

 
HUF
43,367.5

 
5.50%
 
3.75%
July 2018
 
€
78.0

 
HUF
19,500.0

 
5.50%
 
9.15%
January 2022
 
€
245.0

 
PLN
1,000.6

 
5.50%
 
9.17%
September 2016
 
€
200.0

 
PLN
892.7

 
6.00%
 
3.91%
July 2016 - January 2022
 
€
180.0

 
PLN
788.2

 
4.50%
 
7.14%
January 2020
 
€
144.6

 
PLN
605.0

 
5.50%
 
7.98%
July 2017
 
€
82.0

 
PLN
318.0

 
3.00%
 
5.60%
Subsidiary /
Final maturity date
 
Notional
amount
due from
counterparty
 
Notional
amount
due to
counterparty
 
Interest rate
due from
counterparty
 
Interest rate
due to (from)
counterparty
 
 
in millions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amsterdamse Beheer-en Consultingmaatschappij B.V. (ABC B.V.), a subsidiary of Ziggo Group Holding:
 
 
 
 
 
 
 
 
 
January 2022
 
$
2,350.0

 
€
1,819.0

 
6 mo. LIBOR + 2.75%
 
4.56%
January 2023
 
$
400.0

 
€
339.0

 
5.88%
 
4.58%
Unitymedia Hessen GmbH & Co. KG (Unitymedia Hessen), a subsidiary of Unitymedia:
 


 



 

 

January 2023
 
$
2,450.0

 
€
1,799.0

 
5.62%
 
4.76%
Telenet International Finance S.a.r.l (Telenet International), a subsidiary of Telenet:
 
 
 
 
 
 
 
 
 
June 2024
 
$
850.0

 
€
743.3

 
3 mo. LIBOR + 3.50%
 
3.47%
Sable International Finance Limited (Sable), a subsidiary of CWC:
 
 
 
 
 
 
 
 
 
July 2016 - December 2022
 
$
78.3

 
JMD
10,000.0

 
—%
 
8.65%
VTR:
 
 
 
 
 
 
 
 
 
January 2022
 
$
1,400.0

 
CLP
951,390.0

 
6.88%
 
6.36%
_______________ 

(a)
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 derivative instruments are interest payments and receipts.
Interest Rate Swap [Member]  
Derivative [Line Items]  
Schedule of Derivative Instruments
The terms of our outstanding interest rate swap contracts at June 30, 2016 are as follows:
Subsidiary / Final maturity date
 
Notional amount
 
Interest rate due from
counterparty
 
Interest rate due to (from)
counterparty
 
 
in millions
 
 
 
 
VMIH:
 
 
 
 
 
 
 
June 2023
 
£
1,257.7

 
6 mo. GBP LIBOR + 0.93%
 
2.48%
October 2018
 
£
1,198.3

 
6 mo. GBP LIBOR
 
1.52%
October 2018 - June 2023
 
£
1,198.3

 
6 mo. GBP LIBOR
 
2.49%
January 2021
 
£
905.1

 
6 mo. GBP LIBOR + 0.71%
 
2.37%
January 2021
 
£
628.4

 
5.50%
 
6 mo. GBP LIBOR + 1.84%
February 2022
 
£
140.6

 
5.83%
 
6 mo. GBP LIBOR + 4.72%
April 2023
 
£
108.9

 
6.85%
 
6 mo. GBP LIBOR + 5.62%
June 2022
 
£
100.0

 
6 mo. GBP LIBOR
 
1.54%
Subsidiary / Final maturity date
 
Notional amount
 
Interest rate due from
counterparty
 
Interest rate due to (from)
counterparty
 
 
in millions
 
 
 
 
October 2022
 
£
51.5

 
6.42%
 
6 mo. GBP LIBOR + 5.23%
UPC Broadband Holding:
 
 
 
 
 
 
 
January 2022
 
$
675.0

 
6.88%
 
6 mo. LIBOR + 4.90%
July 2016
 
€
503.4

 
6 mo. EURIBOR
 
0.20%
July 2020
 
€
500.0

 
6.38%
 
6 mo. EURIBOR + 3.17%
July 2016 - January 2021
 
€
250.0

 
6 mo. EURIBOR
 
2.52%
September 2022
 
€
250.0

 
6.38%
 
6 mo. EURIBOR + 4.05%
July 2016 - January 2023
 
€
210.0

 
6 mo. EURIBOR
 
2.88%
January 2022
 
€
150.4

 
6 mo. EURIBOR
 
2.92%
July 2016
 
CHF
1,629.8

 
6 mo. CHF LIBOR
 
(0.25)%
July 2016 - September 2022
 
CHF
729.8

 
6 mo. CHF LIBOR
 
1.75%
July 2016 - January 2021
 
CHF
500.0

 
6 mo. CHF LIBOR
 
1.65%
July 2016 - January 2018
 
CHF
400.0

 
6 mo. CHF LIBOR
 
2.51%
June 2021
 
CHF
370.9

 
6 mo. CHF LIBOR
 
(0.25)%
November 2016
 
CHF
226.8

 
6 mo. CHF LIBOR
 
(1.27)%
November 2016 - November 2021
 
CHF
158.7

 
6 mo. CHF LIBOR + 5.01%
 
6.34%
November 2016 - June 2021
 
CHF
68.0

 
6 mo. CHF LIBOR + 5.01%
 
6.34%
ABC B.V.:
 
 
 
 
 
 
 
January 2022
 
€
1,566.0

 
6 mo. EURIBOR
 
1.66%
January 2017
 
€
689.0

 
1 mo. EURIBOR + 3.75%
 
6 mo. EURIBOR + 3.57%
January 2021
 
€
500.0

 
6 mo. EURIBOR
 
2.61%
July 2016
 
€
461.3

 
6 mo. EURIBOR
 
0.20%
July 2016 - January 2023
 
€
290.0

 
6 mo. EURIBOR
 
2.84%
March 2021
 
€
175.0

 
6 mo. EURIBOR
 
2.32%
July 2016 - January 2022
 
€
171.3

 
6 mo. EURIBOR
 
3.44%
Unitymedia Hessen:
 
 
 
 
 
 
 
January 2023
 
€
268.2

 
5.01%
 
6 mo. EURIBOR + 4.82%
Telenet International:
 
 
 
 
 
 
 
June 2023
 
€
1,300.0

 
3 mo. EURIBOR
 
0.33%
July 2017
 
€
800.0

 
3 mo. EURIBOR
 
(0.17)%
July 2017 - June 2022
 
€
420.0

 
3 mo. EURIBOR
 
2.08%
July 2017 - June 2023
 
€
382.0

 
3 mo. EURIBOR
 
1.89%
June 2022
 
€
55.0

 
3 mo. EURIBOR
 
1.81%
Sable:
 
 
 
 
 
 
 
December 2022
 
$
800.0

 
3 mo. LIBOR
 
1.83%
Liberty Puerto Rico:
 
 
 
 
 
 
 
October 2016 - January 2022
 
$
506.3

 
3 mo. LIBOR
 
2.49%
October 2016 - January 2019
 
$
168.8

 
3 mo. LIBOR
 
1.96%
Interest Rate Cap [Member]  
Derivative [Line Items]  
Schedule of Derivative Instruments
Our purchased and sold interest rate cap contracts with respect to EURIBOR and LIBOR at June 30, 2016 are detailed below:
Subsidiary / Final maturity date
 
Notional  amount
 
Cap rate
 
 
in millions
 
 
Interest rate caps purchased:
 
 
 
 
Liberty Global Europe Financing B.V. (LGE Financing), the immediate parent of UPC Holding (a):
 
 
 
January 2020
€
735.0

 
7.00%
Telenet International (a):
 
 
 
June 2017
€
50.0

 
4.50%
Telenet N.V., a subsidiary of Telenet (a):
 
 
 
December 2017
€
0.4

 
6.50%
December 2017
€
0.4

 
5.50%
Liberty Puerto Rico (b):
 
 
 
October 2016 - January 2022
$
258.8

 
3.50%
January 2019 - July 2023
$
177.5

 
3.50%
 
 
 
 
 
Interest rate cap sold (c):
 
 
 
 
UPC Broadband Holding:
 
 
 
January 2020
€
735.0

 
7.00%
 _______________

(a)
These purchased interest rate caps entitle us to receive payments from the counterparty when the relevant EURIBOR exceeds the EURIBOR cap rate during the specified observation periods.

(b)
These purchased interest rate caps entitle us to receive payments from the counterparty when the relevant LIBOR exceeds the LIBOR cap rate during the specified observation periods.

(c)
Our sold interest rate cap requires that we make payments to the counterparty when the relevant EURIBOR exceeds the EURIBOR cap rate during the specified observation periods.
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 at June 30, 2016, as detailed below:
Subsidiary / Final maturity date
 
Notional
amount
 
EURIBOR floor rate (a)
 
EURIBOR cap rate (b)
 
 
in millions
 
 
 
 
UPC Broadband Holding:
 
 
 
 
 
 
July 2016 - January 2020
€
1,135.0

 
1.00%
 
3.54%
 _______________

(a)
We make payments to the counterparty when the relevant EURIBOR is less than the EURIBOR floor rate during the specified observation periods.

(b)
We receive payments from the counterparty when the relevant EURIBOR is greater than the EURIBOR cap rate during the specified observation periods.
Foreign currency forward contracts  
Derivative [Line Items]  
Schedule of Derivative Instruments
The following table summarizes our outstanding foreign currency forward contracts at June 30, 2016:
Subsidiary
 
Currency
purchased
forward
 
Currency
sold
forward
 
Maturity dates
 
 
in millions
 
 
 
 
 
 
 
 
 
 
 
LGE Financing
$
221.5

 
€
193.0

 
July 2016 - June 2018
LGE Financing
$
125.5

 
£
86.0

 
July 2016 - December 2018
LGE Financing
€
208.7

 
£
167.4

 
July 2016 - December 2018
LGE Financing
£
0.9

 
€
1.1

 
April 2017 - June 2017
UPC Broadband Holding
$
2.5

 
CZK
60.0

 
July 2016 - June 2017
UPC Broadband Holding
€
65.2

 
CHF
71.1

 
July 2016 - June 2017
UPC Broadband Holding
€
20.1

 
CZK
540.0

 
July 2016 - June 2017
UPC Broadband Holding
€
18.9

 
HUF
6,000.0

 
July 2016 - June 2017
UPC Broadband Holding
€
36.0

 
PLN
158.3

 
July 2016 - June 2017
UPC Broadband Holding
€
4.6

 
RON
21.0

 
July 2016
UPC Broadband Holding
£
2.7

 
€
3.6

 
July 2016 - March 2017
UPC Broadband Holding
CZK
320.0

 
€
11.8

 
July 2016
UPC Broadband Holding
HUF
3,500.0

 
€
11.1

 
July 2016
UPC Broadband Holding
PLN
153.0

 
€
34.4

 
July 2016
Telenet N.V.
$
43.6

 
€
38.9

 
July 2016 - April 2017
VTR
$
186.0

 
CLP
131,568.4

 
July 2016 - September 2017