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Debt and Financing (Tables)
 3 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]
Our outstanding debt as of March 31, 2016 consisted of the following:
As of March 31, 2016 (in millions)
Par Value
 
Discount
 
Debt Issuance Costs
 
Book
Value
 
Stated
Interest Rate
 
Average Effective
Interest Rate
Term Loan
$
684.3

 
$
(3.9
)
 
$
(11.7
)
 
$
668.7

 
8.00
%
(a) 
8.20
%
ABL Facility
—

 
—

 
—

 
—

 
N/A

 
N/A

Secured Second A&R CDA
44.0

 
—

 
(0.3
)
 
43.7

 
3.3-18.3%

 
7.3
%
Unsecured Second A&R CDA
73.2

 
—

 
(0.4
)
 
72.8

 
3.3-18.3%

 
7.3
%
Lease financing obligations
276.6

 
—

 
(1.6
)
 
275.0

 
9.0-18.2%

 
12.0
%
Total debt
$
1,078.1

 
$
(3.9
)
 
$
(14.0
)
 
$
1,060.2

 
 
 
 
Current maturities of Term Loan
(7.0
)
 
—

 
—

 
(7.0
)
 
 
 
 
Current maturities of lease financing obligations
(9.0
)
 
—

 
—

 
(9.0
)
 
 
 
 
Long-term debt
$
1,062.1

 
$
(3.9
)
 
$
(14.0
)
 
$
1,044.2

 
 
 
 

(a) Variable interest rate of 1, 3 or 6-month LIBOR, with a floor of 1.0% plus a fixed margin of 7.0% if the total leverage ratio is equal to or less than 3.25 to 1.00, or 7.25% if the total leverage ratio is higher than 3.25 to 1.00.
Schedule of Maximum Total Leverage Ratio for Remaining Test Periods [Table Text Block]
Our total maximum leverage ratio covenants are as follows:
Four Consecutive Fiscal Quarters Ending
Maximum Total
Leverage Ratio
 
Four Consecutive Fiscal Quarters Ending
Maximum Total
Leverage Ratio
March 31, 2016
4.00 to 1.00
 
March 31, 2017
3.25 to 1.00
June 30, 2016
3.75 to 1.00
 
June 30, 2017
3.25 to 1.00
September 30, 2016
3.75 to 1.00
 
September 30, 2017
3.25 to 1.00
December 31, 2016
3.50 to 1.00
 
December 31, 2017 and thereafter
3.00 to 1.00
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]
The book value and estimated fair values of our long-term debt, including current maturities and other financial instruments, are summarized as follows:
 
 
March 31, 2016
 
December 31, 2015
(in millions)
Book Value
 
Fair value
 
Book Value
 
Fair value
Term Loan
$
668.7

 
$
555.0

 
$
669.0

 
$
594.6

Lease financing obligations
275.0

 
253.1

 
276.3

 
282.9

Second A&R CDA
116.5

 
95.1

 
117.1

 
102.1

Total debt
$
1,060.2

 
$
903.2

 
$
1,062.4

 
$
979.6