Quarterly report pursuant to Section 13 or 15(d)

DEBT AND CREDIT FACILITIES (Tables)

v3.10.0.1
DEBT AND CREDIT FACILITIES (Tables)
 6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Schedule Of Long-Term Debt
The following represents a summary of our long-term debt:
(In Millions)
June 30, 2018
Debt Instrument
 
Annual Effective
Interest Rate
 
Total Principal Amount
 
Debt Issuance Costs
 
Unamortized Discounts
 
Total Debt
Secured Notes
 
 
 
 
 
 
 
 
 
 
$400 Million 4.875% 2024 Senior Notes
 
5.00%
 
$
400.0

 
$
(6.3
)
 
$
(2.4
)
 
$
391.3

Unsecured Notes
 
 
 
 
 
 
 
 
 
 
$400 Million 5.90% 2020 Senior Notes
 
5.98%
 
88.4

 
(0.2
)
 
(0.1
)
 
88.1

$500 Million 4.80% 2020 Senior Notes
 
4.83%
 
122.3

 
(0.2
)
 
(0.1
)
 
122.0

$700 Million 4.875% 2021 Senior Notes
 
4.89%
 
125.2

 
(0.3
)
 
—

 
124.9

$316.25 Million 1.50% 2025 Convertible Senior Notes
 
6.26%
 
316.3

 
(6.0
)
 
(80.6
)
 
229.7

$1.075 Billion 5.75% 2025 Senior Notes
 
6.01%
 
1,073.3

 
(10.6
)
 
(15.6
)
 
1,047.1

$800 Million 6.25% 2040 Senior Notes
 
6.34%
 
298.4

 
(2.3
)
 
(3.4
)
 
292.7

ABL Facility
 
N/A
 
450.0

 
N/A

 
N/A

 
—

Fair Value Adjustment to Interest Rate Hedge
 
 
 
 
 
 
 
 
 
1.2

Long-term debt
 
 
 
 
 
 
 
 
 
$
2,297.0

(In Millions)
December 31, 2017
Debt Instrument
 
Annual Effective
Interest Rate
 
Total Principal Amount
 
Debt Issuance Costs
 
Unamortized Discounts
 
Total Debt
Secured Notes
 
 
 
 
 
 
 
 
 
 
$400 Million 4.875% 2024 Senior Notes
 
5.00%
 
$
400.0

 
$
(7.1
)
 
$
(2.6
)
 
$
390.3

Unsecured Notes
 
 
 
 
 
 
 
 
 
 
$400 Million 5.90% 2020 Senior Notes
 
5.98%
 
88.9

 
(0.2
)
 
(0.1
)
 
88.6

$500 Million 4.80% 2020 Senior Notes
 
4.83%
 
122.4

 
(0.3
)
 
(0.1
)
 
122.0

$700 Million 4.875% 2021 Senior Notes
 
4.89%
 
138.4

 
(0.3
)
 
(0.1
)
 
138.0

$316.25 Million 1.50% 2025 Convertible Senior Notes
 
6.26%
 
316.3

 
(6.6
)
 
(85.6
)
 
224.1

$1.075 Billion 5.75% 2025 Senior Notes
 
6.01%
 
1,075.0

 
(11.3
)
 
(16.5
)
 
1,047.2

$800 Million 6.25% 2040 Senior Notes
 
6.34%
 
298.4

 
(2.4
)
 
(3.4
)
 
292.6

ABL Facility
 
N/A
 
550.0

 
N/A

 
N/A

 
—

Fair Value Adjustment to Interest Rate Hedge
 
 
 
 
 
 
 
 
 
1.4

Long-term debt
 
 
 
 
 
 
 
 
 
$
2,304.2


Extinguishment of Debt, Amount
The following is a summary of the debt extinguished with cash during the three and six months ended June 30, 2018 that resulted in a gain on extinguishment of $0.2 million:
 
 
(In Millions)
Debt Instrument
 
Debt Extinguished
$400 Million 5.90% 2020 Senior Notes
 
$
0.5

$500 Million 4.80% 2020 Senior Notes
 
0.1

$700 Million 4.875% 2021 Senior Notes
 
13.2

$1.075 Billion 5.75% 2025 Senior Notes
 
1.7

 
 
$
15.5

Schedule of Maturities of Long-term Debt
Debt Maturities
The following represents a summary of our maturities of debt instruments based on the principal amounts outstanding at June 30, 2018:
 
 
(In Millions)
 
 
Maturities of Debt
2018
 
$
—

2019
 
—

2020
 
210.7

2021
 
125.2

2022
 
—

2023
 
—

2024 and thereafter
 
2,088.0

Total maturities of debt
 
$
2,423.9