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Debt and Interest Costs (Tables)
12 Months Ended
Dec. 31, 2015
Debt and Interest Costs  
Schedule of long-term debt

   

 

 

December 31,

 

($ in millions)

 

2015

 

2014

 

 

 

 

 

 

 

Notes Payable

 

 

 

 

 

6.75% Senior Notes, due September 2020

 

$

 

$

500.0

 

5.75% Senior Notes, due May 2021

 

 

500.0

 

5.25% Senior Notes, due July 2025

 

1,000.0

 

 

5.00% Senior Notes, due March 2022

 

750.0

 

750.0

 

4.375% Senior Notes, due December 2020

 

1,000.0

 

 

4.375% Senior Notes, euro denominated, due December 2023

 

760.3

 

 

4.00% Senior Notes, due November 2023

 

1,000.0

 

1,000.0

 

3.50% Senior Notes, euro denominated, due December 2020

 

434.5

 

 

Multi-currency revolver, due February 2018

 

 

 

Bridge Facility

 

 

 

Senior Credit Facilities, due June 2018 (at variable rates)

 

 

 

 

 

Term C Loan, euro denominated (2014 - 1.65%)

 

 

92.9

 

Latapack-Ball Notes Payable, denominated in various currencies

 

 

 

 

 

(2015 - 4.35%; 2014 - 4.14%)

 

167.5

 

204.2

 

Other (including discounts and premiums)

 

(4.5

)

1.7

 

 

 

 

 

 

 

 

 

5,107.8

 

3,048.8

 

 

 

 

 

 

 

Less: Current portion of long-term debt

 

(53.6

)

(55.0

)

 

 

 

 

 

 

 

 

$

5,054.2

 

$

2,993.8

 

 

 

 

 

 

 

 

 

 

Schedule of Debt Refinancing and Other Costs

 

 

 

Years Ended December 31,

 

($ in millions)

 

2015

 

2014

 

2013

 

Debt Refinancing and Other Costs:

 

 

 

 

 

 

 

Redemption of 6.75% and 5.75% senior notes, due September 2020 and May 2021, respectively

 

$

(55.8

)

$

 

$

 

Unsecured, committed bridge facility

 

(22.8

)

 

 

Economic hedge - interest rate risk

 

(15.9

)

 

 

Partial extinguishment of committed bridge facility

 

(10.7

)

 

 

Partial extinguishment of revolving credit facility

 

(5.0

)

 

 

Interest expense on 3.5% and 4.375% senior notes

 

(4.6

)

 

 

Refinance of senior credit facilities

 

(1.7

)

 

 

Redemption of 7.375% senior notes, due September 2019

 

 

(33.1

)

 

Early repayment of Term A loan

 

 

 

(26.5

)

Other individually insignificant

 

 

 

(1.5

)

 

 

 

 

 

 

 

 

 

 

$

(116.5

)

$

(33.1

)

$

(28.0

)