FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2020

FINANCIAL INSTRUMENTS AND RISK MANAGEMENT

Summary of financial liabilities

	December 31, 2020
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Bonds	$	4,272.6	$	4,454.3	$	—	$	4,454.3	$	—
Amortizing Notes	$	123.4		126.8		—		126.8		—
Total debt	$	4,396.0	$	4,581.1	$	—	$	4,581.1	$	—

	December 31, 2019
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Bonds	$	3,249.4	$	3,092.3	$	—	$	3,092.3	$	—
Total debt	$	3,249.4	$	3,092.3	$	—	$	3,092.3	$	—

Breakdown of trade receivables aging

The following is a breakdown of the trade receivables aging. It does not include holdbacks or unbilled revenue as they are made up of amounts to be received at the end of specific long-term contracts.

	December 31, 2020		December 31, 2019
0-60 days	$	543.8	$	394.9
61-90 days		47.3		61.2
91+ days		77.7		86.3
	$	668.8	$	542.4

Schedule of currency swaps

						Fixed Foreign
	Notional	Fixed/Variable		Fixed/Variable		Exchange Rate
Underlying Notes	Amount ($US)	Interest Rate Paid		Interest Rate Received		Paid	Effective Date	Expiration
9.875% 2021 Notes	30.6	9.890	%	9.875	%	1.4130	February 1, 2016	February 1, 2021
Term Loan	403.6	3-Month CDOR + 3.174	%	3-Month LIBOR + 2.750	%	1.2976	May 31, 2018	May 30, 2025
8.500% 2027 Notes	48.0	8.399	%	8.500	%	1.3355	April 23, 2019	May 1, 2027
8.500% 2027 Notes	300.0	8.419	%	8.500	%	1.3355	April 23, 2019	May 1, 2027
5.125% 2026 Secured Notes	500.0	5.725	%	5.125	%	1.3245	December 16, 2019	December 15, 2026
4.250% 2025 Secured Notes	500.0	4.805	%	4.250	%	1.4198	April 29, 2020	June 1, 2025
4.000% 2028 Notes	500.0	4.524	%	4.000	%	1.3112	November 23, 2020	August 1, 2028