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Senior Notes (Tables)
12 Months Ended
Dec. 31, 2011
Revolving Credit Facilities, Term Loan, Mortgages Payable and Scheduled Principal Repayments [Abstract]  
Summary of Fixed Rate Senior Notes

                             
    Carrying Value
at December 31,
    Coupon Rate
at
December 31, 2011
  Effective  Interest
Rate

at
December 31, 2011
  Maturity Date
    2011     2010        

Unsecured indebtedness:

                           

Senior Notes

  $ 1,658.6     $ 1,468.4     4.75% - 9.625%   5.0% - 9.9%   October 2012 -

September 2020

Senior Notes — Discount

    (5.4     (4.4            

Senior Convertible Notes due 2011, net

          87.5     N/A   N/A   N/A

Senior Convertible Notes due 2012, net

    178.9       194.1     3.00%   5.2%   March 2012

Senior Convertible Notes due 2040, net ( A )

    307.6       298.0     1.75%   5.3%   November 2040
   

 

 

   

 

 

             

Total Senior Notes

  $ 2,139.7     $ 2,043.6              
   

 

 

   

 

 

             

 

(A) The Company may redeem the notes any time on or after November 15, 2015, in whole or in part for cash equal to 100% of the principal amount of the notes plus accrued and unpaid interest through, but excluding, the redemption date.
Summary of Senior Convertible Notes outstanding

                                 
    Conversion
Price
    Option
Price
    Maximum
Common Shares
(millions)
    Option
Cost
(millions)
 

Senior Convertible Notes due 2012 (A)

  $ 74.56     $ 82.71       1.1     $ 32.6  

Senior Convertible Notes due 2040 (B)

  $ 16.19       N/A       N/A       N/A  

 

(A) Conversion price as of December 31, 2011 and 2010.

 

(B) Conversion price as of December 31, 2011.
Summary of carrying amounts of debt and equity balances

                 
    December 31,  
    2011     2010  

Carrying value of equity component

  $ 69,217     $ 79,287  
   

 

 

   

 

 

 

Principal amount of Senior Convertible Notes

  $ 529,509     $ 637,626  

Remaining unamortized debt discount

    (43,004     (58,032
   

 

 

   

 

 

 

Net carrying value of Senior Convertible Notes

  $ 486,505     $ 579,594