XML 48 R32.htm IDEA: XBRL DOCUMENT v3.6.0.2
Debt (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Summary of Long-Term Debt and Related Weighted Average Interest Rates
A summary of long-term debt, net of unamortized debt issuance costs, and the related weighted average interest rates is shown below (in millions):
December 31,
2016
 
2015
Debt Instrument
Long-Term Debt
 
Debt Issuance Costs (1)
 
Long-Term
Debt, Net
 
Weighted
Average
Interest
Rate
 
Long-Term Debt
 
Debt Issuance Costs (1)
 
Long-Term
Debt, Net
 
Weighted
Average
Interest
Rate
Credit Agreement — Term Loan Facility
$
468.7

 
$
(1.6
)
 
$
467.1

 
2.105%
 
$
490.6

 
$
(2.2
)
 
$
488.4

 
1.78%
4.75% Senior Notes due 2023
500.0

 
(4.8
)
 
495.2

 
4.75%
 
500.0

 
(5.5
)
 
494.5

 
4.75%
5.375% Senior Notes due 2024
325.0

 
(2.8
)
 
322.2

 
5.375%
 
325.0

 
(3.2
)
 
321.8

 
5.375%
5.25% Senior Notes due 2025
650.0

 
(6.6
)
 
643.4

 
5.25%
 
650.0

 
(7.5
)
 
642.5

 
5.25%
Other
5.7

 

 
5.7

 
N/A
 
7.6

 

 
7.6

 
N/A
 
$
1,949.4

 
$
(15.8
)
 
1,933.6

 
 
 
$
1,973.2

 
$
(18.4
)
 
1,954.8

 
 
Less — Current portion
 
 
 
 
(35.6
)
 
 
 
 
 
 
 
(23.1
)
 
 
Long-term debt
 
 
 
 
$
1,898.0

 
 
 
 
 
 
 
$
1,931.7

 
 

(1)
Unamortized portion
Schedule of Debt Redemption Rates
The Company may redeem the 2024 Notes, in whole or in part, on or after March 15, 2019, at the redemption prices set forth below, plus accrued and unpaid interest to the redemption date.
Twelve-Month Period Commencing March 15,
2024 Notes
2019
102.688%
2020
101.792%
2021
100.896%
2022 and thereafter
100.000%
The Company may redeem the 2025 Notes, in whole or in part, on or after January 15, 2020, at the redemption prices set forth below, plus accrued and unpaid interest to the redemption date.
Twelve-Month Period Commencing January 15,
2025 Notes
2020
102.625%
2021
101.750%
2022
100.875%
2023 and thereafter
100.000%
The Company may redeem the 2023 Notes, in whole or in part, on or after January 15, 2018, at the redemption prices set forth below, plus accrued and unpaid interest to the redemption date.
Twelve-Month Period Commencing January 15,
2023 Notes
2018
102.375%
2019
101.583%
2020
100.792%
2021 and thereafter
100.000%
Schedule of Maturities of Long-term Debt
As of December 31, 2016, scheduled maturities related to the Credit Agreement — Term Loan Facility for the five succeeding years, as of the date of this Report, are shown below (in millions):
2017
$
34.4

2018
46.9

2019
37.4

2020
350.0

2021