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FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (Tables)
12 Months Ended
Dec. 31, 2020
FINANCIAL INSTRUMENTS AND RISK MANAGEMENT  
Summary of financial liabilities

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December 31, 2020

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Carrying Value

    

Fair Value

    

Level 1

    

Level 2

    

Level 3

Bonds

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$

4,272.6

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$

4,454.3

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$

—

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$

4,454.3

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$

—

Amortizing Notes

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$

123.4

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126.8

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—

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126.8

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—

Total debt

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$

4,396.0

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$

4,581.1

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$

—

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$

4,581.1

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$

—

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December 31, 2019

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Carrying Value

    

Fair Value

    

Level 1

    

Level 2

    

Level 3

Bonds

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$

3,249.4

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$

3,092.3

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$

—

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$

3,092.3

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$

—

Total debt

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$

3,249.4

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$

3,092.3

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$

—

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$

3,092.3

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$

—

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.

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December 31, 2020

    

December 31, 2019

0-60 days

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$

543.8

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$

394.9

61-90 days

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47.3

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61.2

91+ days

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77.7

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86.3

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$

668.8

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$

542.4

Schedule of currency swaps

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Fixed Foreign

    

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Notional

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Fixed/Variable

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Fixed/Variable

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Exchange Rate

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Underlying Notes

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Amount ($US)

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Interest Rate Paid

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Interest Rate Received

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Paid

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Effective Date

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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

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April 23, 2019

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May 1, 2027

8.500% 2027 Notes

 

300.0

 

8.419

%  

8.500

%  

1.3355

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April 23, 2019

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May 1, 2027

5.125% 2026 Secured Notes

 

500.0

 

5.725

%  

5.125

%  

1.3245

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December 16, 2019

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December 15, 2026

4.250% 2025 Secured Notes

 

500.0

 

4.805

%  

4.250

%  

1.4198

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April 29, 2020

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June 1, 2025

4.000% 2028 Notes

 

500.0

 

4.524

%  

4.000

%  

1.3112

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November 23, 2020

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August 1, 2028