XML 70 R58.htm IDEA: XBRL DOCUMENT v3.5.0.2
Debt and Interest Costs (Details)
€ in Millions, $ in Millions, £ in Billions
1 Months Ended 2 Months Ended 3 Months Ended 9 Months Ended
Feb. 19, 2015
USD ($)
Mar. 31, 2016
EUR (€)
Mar. 31, 2015
Feb. 28, 2015
USD ($)
Aug. 31, 2016
USD ($)
Sep. 30, 2016
USD ($)
Sep. 30, 2015
USD ($)
Sep. 30, 2016
USD ($)
Sep. 30, 2015
USD ($)
Dec. 31, 2017
Dec. 31, 2016
Mar. 31, 2016
USD ($)
Dec. 31, 2015
GBP (£)
Dec. 31, 2015
EUR (€)
Dec. 31, 2015
USD ($)
Jun. 30, 2015
USD ($)
May 31, 2015
USD ($)
Feb. 28, 2015
GBP (£)
Feb. 28, 2015
USD ($)
Long-term debt                                      
Long-term debt, Total           $ 7,803.0   $ 7,803.0             $ 5,028.0        
Less: Current portion of long-term debt           (79.0)   (79.0)             (54.0)        
Long-term debt excluding current maturities           $ 7,724.0   $ 7,724.0             4,974.0        
Leverage ratio, maximum           5.50   5.50                      
Debt Refinancing and Other Costs: (Abstract)                                      
Interest expense           $ (80.0) $ (38.0) $ (159.0) $ (107.0)                    
Economic hedge - interest rate risk             (15.0) (20.0) (10.0)                    
Individually insignificant items           (2.0)   (2.0)                      
Debt refinancing and other costs           (2.0) (21.0) (108.0) (86.0)                    
Fees paid to lenders               32.0                      
Fair value of the long-term debt           $ 8,200.0   $ 8,200.0             5,200.0        
Forecast                                      
Long-term debt                                      
Leverage ratio, maximum                   4.00 5.00                
5.25% Senior Notes, due July 2025                                      
Long-term debt                                      
Long-term debt, Total                               $ 1,000.0      
Interest rate (as a percent)           5.25%   5.25%               5.25%      
4.375% Senior Notes, due December 2020                                      
Long-term debt                                      
Long-term debt, Total                             $ 1,000.0        
Interest rate (as a percent)           4.375%   4.375%         4.375% 4.375% 4.375%        
4.00% Senior Notes, due November 2023                                      
Long-term debt                                      
Interest rate (as a percent)           4.00%   4.00%                      
4.375% Senior Notes, euro denominated, due December 2023                                      
Long-term debt                                      
Long-term debt, Total | €                           € 700          
Interest rate (as a percent)           4.375%   4.375%         4.375% 4.375% 4.375%        
5.00% Senior Notes, due March 2022                                      
Long-term debt                                      
Interest rate (as a percent)           5.00%   5.00%                      
3.50% Senior Notes, euro denominated, due December 2020                                      
Long-term debt                                      
Long-term debt, Total | €                           € 400          
Interest rate (as a percent)           3.50%   3.50%         3.50% 3.50% 3.50%        
Term A Loan, due March 2021                                      
Debt Refinancing and Other Costs: (Abstract)                                      
Maturity term   5 years                                  
Term A Loan, Euro denominated, due March 2021                                      
Debt Refinancing and Other Costs: (Abstract)                                      
Maturity term   5 years                                  
Term C Loan                                      
Debt Refinancing and Other Costs: (Abstract)                                      
Repayment of debt's obligation and settlement of outstanding derivatives $ 93.0     $ 93.0                              
Latapack-Ball Notes Payable, denominated in various currencies (2015 - 4.35%)                                      
Long-term debt                                      
Debt instrument, interest rate (as a percent)                         4.35% 4.35% 4.35%        
Rexam Long Term Debt Assumed (Member) | Rexam                                      
Debt Refinancing and Other Costs: (Abstract)                                      
Assumed debt extinguished         $ 2,700.0                            
Other (including debt issuance costs)                                      
Long-term debt                                      
Other (including debt issuance costs)           $ (47.0)   $ (47.0)             $ (85.0)        
Committed multi-currency revolving credit facilities                                      
Long-term debt                                      
Available borrowing capacity under line of credit facility           1,200.0   1,200.0                      
Short-term uncommitted credit facilities                                      
Long-term debt                                      
Available borrowing capacity under line of credit facility           502.0   502.0                      
Amount of credit facility outstanding and due on demand           294.0   294.0             23.0        
6.75% and 5.75% senior notes                                      
Debt Refinancing and Other Costs: (Abstract)                                      
Redemption of 6.75% and 5.75% senior notes, due September 2020 and May 2021, respectively, and refinance of senior credit facilities                 (58.0)                    
3.5% and 4.375% senior notes                                      
Debt Refinancing and Other Costs: (Abstract)                                      
Interest expense               (49.0)                      
6.75% Senior Notes, due September 2020                                      
Long-term debt                                      
Interest rate (as a percent)     6.75%                                
Debt Refinancing and Other Costs: (Abstract)                                      
Redemption price of senior notes (as a percent)     103.375%                                
5.75% Senior Notes, due May 2021                                      
Long-term debt                                      
Interest rate (as a percent)     5.75%                                
Debt Refinancing and Other Costs: (Abstract)                                      
Redemption price of senior notes (as a percent)     106.096%                                
Bridge and Revolving Credit Facilities                                      
Debt Refinancing and Other Costs: (Abstract)                                      
Refinance of bridge and revolving credit facilities               (30.0) (5.0)                    
Loans Payable | Term A Loan, due March 2021                                      
Long-term debt                                      
Long-term Debt, Gross           1,400.0   1,400.0                      
Loans Payable | Term A Loan, Euro denominated, due March 2021                                      
Long-term debt                                      
Long-term Debt, Gross           1,174.0   1,174.0                      
Notes Payable | Latapack-Ball Notes Payable, denominated in various currencies (2015 - 4.35%)                                      
Long-term debt                                      
Long-term Debt, Gross                             168.0        
Bridge Loan | Bridge Facility                                      
Debt Refinancing and Other Costs: (Abstract)                                      
Amortization of unsecured, committed bridge facility financing fees             $ (6.0) (7.0) $ (13.0)                    
Face amount of debt | £                         £ 1.9         £ 3.3  
Revolving credit facilities                                      
Debt Refinancing and Other Costs: (Abstract)                                      
Face amount of debt                                     $ 1,000.0
Revolving credit facilities | Term A Loan, due March 2021                                      
Debt Refinancing and Other Costs: (Abstract)                                      
Face amount of debt                       $ 1,400.0              
Maturity term   5 years                                  
Revolving credit facilities | Term A Loan, Euro denominated, due March 2021                                      
Debt Refinancing and Other Costs: (Abstract)                                      
Face amount of debt | €   € 1,100                                  
Maturity term   5 years                                  
Revolving credit facilities | Multi-currency usd revolver, due March 2021 at variable rate                                      
Long-term debt                                      
Long-term Debt, Gross           290.0   290.0                      
Maximum borrowing capacity of revolving credit facility                       $ 1,500.0              
Revolving credit facilities | Revolver 2018                                      
Long-term debt                                      
Maximum borrowing capacity of revolving credit facility                               $ 2,250.0 $ 3,000.0    
Revolving credit facilities | Revolver 2018 | Minimum | LIBOR                                      
Debt Refinancing and Other Costs: (Abstract)                                      
Spread (as a percent)       1.25%                              
Revolving credit facilities | Revolver 2018 | Maximum | LIBOR                                      
Debt Refinancing and Other Costs: (Abstract)                                      
Spread (as a percent)       1.75%                              
Senior Notes | 5.25% Senior Notes, due July 2025                                      
Long-term debt                                      
Long-term Debt, Gross           1,000.0   1,000.0             1,000.0        
Senior Notes | 4.375% Senior Notes, due December 2020                                      
Long-term debt                                      
Long-term Debt, Gross           1,000.0   1,000.0             1,000.0        
Senior Notes | 4.00% Senior Notes, due November 2023                                      
Long-term debt                                      
Long-term Debt, Gross           1,000.0   1,000.0             1,000.0        
Senior Notes | 4.375% Senior Notes, euro denominated, due December 2023                                      
Long-term debt                                      
Long-term Debt, Gross           787.0   787.0             760.0        
Senior Notes | 5.00% Senior Notes, due March 2022                                      
Long-term debt                                      
Long-term Debt, Gross           750.0   750.0             750.0        
Senior Notes | 3.50% Senior Notes, euro denominated, due December 2020                                      
Long-term debt                                      
Long-term Debt, Gross           $ 449.0   $ 449.0             $ 435.0