Debt (Tables)

9 Months Ended

Sep. 30, 2015

A summary of long-term debt is as follows:



(In millions)	Coupon		September 30, 2015		December 31, 2014
2015 Term Loans			$	1,600.0	$	—
2014 Term Loan			800.0		800.0
Cash Convertible Notes ^(a)	3.750	%	—		2,405.6
2016 Senior Notes ^(b)	1.800	%	500.1		500.2
2016 Senior Notes ^(c)	1.350	%	499.9		499.8
2018 Senior Notes ^(d)	2.600	%	649.2		649.0
2019 Senior Notes ^(f)	2.550	%	499.2		499.0
2020 Senior Notes ^(e)	7.875	%	—		1,010.5
2023 Senior Notes ^(f)	3.125	%	799.5		779.1
2023 Senior Notes ^(g)	4.200	%	498.4		498.2
2043 Senior Notes ^(g)	5.400	%	497.0		497.0
Other			4.5		0.1
			6,347.8		8,138.5
Less current portion			502.0		2,405.7
Total long-term debt			$	5,845.8	$	5,732.8

____________


^(a)	The Cash Convertible Notes matured on September 15, 2015 and the remaining amount outstanding was repaid in full by the Company utilizing proceeds from the Delayed Draw Loan, included in 2015 Term Loans above. In addition, the convertible note hedge was settled during the third quarter of 2015.

^(b)

Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.20% plus, in each case, accrued and unpaid interest. Instrument is due on June 24, 2016 and is included in current portion of long-term debt and other long-term obligations in the Condensed Consolidated Balance Sheets at September 30, 2015.


^(c)	Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.125% plus, in each case, accrued and unpaid interest.


^(d)	Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.30% plus, in each case, accrued and unpaid interest.


^(e)	Instrument was called by the Company on July 15, 2015 at a redemption price of 103.938% of the principal amount, together with accrued and unpaid interest at the redemption date.


^(f)	Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.20% plus, in each case, accrued and unpaid interest.


^(g)	Instrument is callable by the Company at any time at the greater of 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.25% plus, in each case, accrued and unpaid interest.

Minimum Repayments on Outstanding Borrowings

Mandatory minimum repayments remaining on the outstanding long-term debt at September 30, 2015, excluding the discounts, premium and conversion features, are as follows for each of the periods ending December 31:



(In millions)	Total
2015	$	—
2016	1,000
2017	2,400
2018	650
2019	500
Thereafter	1,750
Total	$	6,300