Quarterly report pursuant to Section 13 or 15(d)

DEBT AND CREDIT FACILITIES (Schedule Of Long-Term Debt) (Details)

v3.5.0.2
DEBT AND CREDIT FACILITIES (Schedule Of Long-Term Debt) (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Debt Instrument [Line Items]        
Debt Instrument, Face Amount Received in Debt Exchange of $500M 3.95% Notes     $ 10.0  
Debt Instrument, Face Amount Received in Debt Exchange of $500M 4.80% Notes $ 4.5 $ 12.6    
Debt instrument, Face Amount Received in Debt Exchange of $700M 4.875% Notes 10.5      
Total Face Amount 2,833.1     $ 3,448.2
Letters of credit outstanding 108.8     186.3
Long-term Debt 2,195.9     2,699.4
Debt, Long-term and Short-term, Combined Amount 2,213.4      
Long-term Debt, Current Maturities $ 17.5      
$700 Million 4.875% 2021 Senior Note [Member]        
Debt Instrument [Line Items]        
Stated interest rate 4.875%      
Debt Instrument, Face Amount Exchanged $ 76.3      
Total Face Amount 325.7 [1]     412.5
Unamortized Debt Issuance Expense (1.2) [1]     (1.7)
Long-term Debt 324.3 [1]     410.6
Debt Instrument, Unamortized Discount $ (0.2) [1]     $ (0.2)
Imputed interest rate 4.89% [1]     4.89%
$500 million 4.80% 2020 Senior Notes [Member]        
Debt Instrument [Line Items]        
Stated interest rate 4.80%      
Debt Instrument, Face Amount Exchanged $ 44.7      
Total Face Amount 244.8 [2]     $ 306.7
Unamortized Debt Issuance Expense (0.7) [2]     (1.1)
Long-term Debt 243.9 [2]     305.2
Debt Instrument, Unamortized Discount $ (0.2) [2]     $ (0.4)
Imputed interest rate 4.83% [2]     4.83%
$800 Million 6.25% 2040 Senior Notes [Member]        
Debt Instrument [Line Items]        
Stated interest rate 6.25%      
Debt Instrument, Face Amount Exchanged $ 194.4      
Total Face Amount 298.4 [3]     $ 492.8
Unamortized Debt Issuance Expense (2.5) [3]     (4.3)
Long-term Debt 292.5 [3]     482.7
Debt Instrument, Unamortized Discount $ (3.4) [3]     $ (5.8)
Imputed interest rate 6.34% [3]     6.34%
$400 Million 5.90% 2020 Senior Notes [Member]        
Debt Instrument [Line Items]        
Stated interest rate 5.90%      
Debt Instrument, Face Amount Exchanged $ 65.1      
Total Face Amount 225.6 [4]     $ 290.8
Unamortized Debt Issuance Expense (0.7) [4]     (1.1)
Long-term Debt 224.4 [4]     288.9
Debt Instrument, Unamortized Discount $ (0.5) [4]     $ (0.8)
Imputed interest rate 5.98% [4]     5.98%
$500 Million 3.95% 2018 Senior Notes [Member]        
Debt Instrument [Line Items]        
Stated interest rate 3.95%      
Debt Instrument, Face Amount Exchanged $ 17.6      
Total Face Amount 0.0 [5]     $ 311.2
Unamortized Debt Issuance Expense 0.0 [5]     (0.9)
Long-term Debt 0.0 [5]     309.1
Debt Instrument, Unamortized Discount $ 0.0 [5]     $ (1.2)
Imputed interest rate 6.15% [5]     6.30%
$540 Million 8.25% 2020 Lien Notes [Member]        
Debt Instrument [Line Items]        
Stated interest rate 8.25%      
Total Face Amount $ 540.0     $ 540.0
Unamortized Debt Issuance Expense (8.6)     (10.5)
Long-term Debt 504.0     497.4
Debt Instrument, Unamortized Discount $ (27.4)     $ (32.1)
Imputed interest rate 9.97%     9.97%
$218.5 Million 8.00% 2020 Lien Notes [Member]        
Debt Instrument [Line Items]        
Stated interest rate 8.00%      
Debt Instrument, Carrying Amount Received in Debt Exchange of $544.2M 7.75% Notes $ 77.5      
Debt Instrument, Face Amount Received in Debt Exchange of $544M 7.75% Notes 57.0      
Debt Instrument, Face Amount Received in Debt Exchange of $500M 3.95% Notes 11.4      
Debt Instrument, Carrying Amount Received in Debt Exchange of $500M 3.95% Notes 15.5      
Debt Instrument, Carrying Amount Received in Debt Exchange of $400M 5.90% Notes 35.4      
Debt Instrument, Carrying Value Received in Debt Exchange of $800M 6.25% Notes 103.0      
Debt Instrument, Carrying Value Received in Debt Exchange of $500M 4.80% Notes 24.4      
Debt instrument, Carrying Value Received in Debt Exchange of $700M 4.875% Notes 41.5      
Debt Instrument, Face Amount Received in Debt Exchange of $400M 5.90% Notes 26.0      
Debt Instrument, Face Amount Received in Debt Exchange of $800M 6.25% Notes 75.8      
Debt Instrument, Face Amount Received in Debt Exchange of $500M 4.80% Notes 17.9      
Debt instrument, Face Amount Received in Debt Exchange of $700M 4.875% Notes 30.5      
Total Face Amount [6] 218.5      
Debt Instrument, Par Value 218.5      
Unamortized Debt Issuance Expense [6] 0.0      
Undiscounted interest [6] 70.0      
Long-term Debt [6] $ 288.5      
$544 Million 7.75% 2020 Lien Notes[Member]        
Debt Instrument [Line Items]        
Stated interest rate 7.75%      
Debt Instrument, Face Amount Exchanged $ 114.1      
Total Face Amount 430.1 [7]     $ 544.2
Unamortized Debt Issuance Expense (6.2) [7]     (9.5)
Long-term Debt 333.8 [7]     403.2
Debt Instrument, Unamortized Discount $ (90.1) [7]     $ (131.5)
Imputed interest rate 15.55% [7]     15.55%
Revolving Credit Facility [Member]        
Debt Instrument [Line Items]        
Debt Instrument, Par Value $ 550.0 [8]     $ 550.0 [9]
Credit facility, amount outstanding [8] 0.0      
Line of Credit Facility, Maximum Borrowing Capacity 355.7     366.0
Letters of credit outstanding 108.8     186.3
Credit facility remaining capacity 246.9     179.2
Hedge Obligations [Member]        
Debt Instrument [Line Items]        
Credit facility, amount outstanding       0.5
Interest Rate Swap [Member]        
Debt Instrument [Line Items]        
Fair Value Adjustment to Interest Rate Hedge $ 2.0     $ 2.3
[1] n March 2, 2016, we exchanged as part of an exchange offer $76.3 million of the 4.875 percent senior notes for $30.5 million of the 8.00 percent 1.5 lien notes that were recorded at a carrying value of $41.5 million, including undiscounted interest payments
[2] On March 2, 2016, we exchanged as part of an exchange offer $44.7 million of the 4.80 percent senior notes for $17.9 million of the 8.00 percent 1.5 lien notes that were recorded at a carrying value of $24.4 million, including undiscounted interest payments as of the transaction date. Additionally, during the second and third quarters of 2016 we entered into a debt for equity exchange; see NOTE 15 - CAPITAL STOCK for further discussion of this transaction.
[3] On March 2, 2016, we exchanged as part of an exchange offer $194.4 million of the 6.25 percent senior notes for $75.8 million of the 8.00 percent 1.5 lien notes that were recorded at a carrying value of $103.0 million, including undiscounted interest payments as of the transaction date.
[4] On March 2, 2016, we exchanged as part of an exchange offer $65.1 million of the 5.90 percent senior notes for $26.0 million of the 8.00 percent 1.5 lien notes that were recorded at a carrying value of $35.4 million, including undiscounted interest payments as of the transaction date.
[5] On March 2, 2016, we exchanged as part of an exchange offer $17.6 million of the 3.95 percent senior notes for $11.4 million of the 8.00 percent 1.5 lien notes that were recorded at a carrying value of $15.5 million, including undiscounted interest payments as of the transaction date. Additionally, during the first quarter of 2016, we entered into a debt for equity exchange; see NOTE 15 - CAPITAL STOCK for further discussion of this transaction.
[6] See the section entitled "$218.5 million 8.00 percent 2020 Senior Secured 1.5 Lien Notes - 2016 Exchange Offers" below for further discussion related to this instrument.
[7] On March 2, 2016, we exchanged as part of an exchange offer $114.1 million of the 7.75 percent senior notes for $57.0 million of the 8.00 percent 1.5 lien notes that were recorded at a carrying value of $77.5 million, including undiscounted interest payments as of the transaction date.
[8] As of September 30, 2016, no loans were drawn under the ABL Facility and we had total availability of $355.7 million as a result of borrowing base limitations. As of September 30, 2016, the principal amount of letter of credit obligations totaled $108.8 million, thereby further reducing available borrowing capacity on our ABL Facility to $246.9 million.
[9] As of December 31, 2015, no loans were drawn under the ABL Facility and we had total availability of $366.0 million as a result of borrowing base limitations. As of December 31, 2015, the principal amount of letter of credit obligations totaled $186.3 million and commodity hedge obligations totaled $0.5 million, thereby further reducing available borrowing capacity on our ABL Facility to $179.2 million.