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LONG-TERM DEBT (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Schedule of long-term debt
Long-term debt at December 31 consisted of the following (in millions):
 
2017
 
2016
5% Senior Notes, due September 2017 ($92.2 million principal amount; 5.2% effective rate)
$

 
$
92.0

7.875% Senior Notes, due August 2019 ($201.4 million and $209.8 million principal amount, respectively; 8.0% effective rate)
200.9

 
208.9

4.875% Senior Notes, due June 2022 ($620.8 million and $690.2 million principal amount, respectively; 4.7% effective rate)
624.6

 
695.4

4.75% Senior Notes, due January 2024 ($398.1 million principal amount; 4.8% effective rate)
395.9

 
395.6

7.375% Senior Notes, due June 2025 ($500 million principal amount; 7.4% effective rate)
497.5

 
497.2

5.4% Senior Notes, due December 2042 ($400 million principal amount; 5.4% effective rate)
395.1

 
394.9

5.85% Senior Notes, due January 2044 ($400 million principal amount; 5.9% effective rate)
396.3

 
396.2

Total carrying value
2,510.3

 
2,680.2

Current portion (1)

 
126.8

Carrying value, less current portion
$
2,510.3

 
$
2,553.4

 
 
 
 
(1) Current portion of long-term debt at December 31, 2016, included the 5% Senior Notes due 2017, as well as the portion of 7.875% Senior Notes due 2019 and 4.875% Senior Notes due 2022 tendered in December 2016 but not settled until January 2017.
Schedule of maturities of long-term debt
The following is a summary of scheduled long-term debt maturities by year, as of December 31, 2017 (in millions):
2018
$

2019
201.4

2020

2021

2022
620.8

Thereafter
1,698.1

 
$
2,520.3