Annual report pursuant to Section 13 and 15(d)

DEBT AND CREDIT FACILITIES Debt Extinguishment (Tables)

v3.10.0.1
DEBT AND CREDIT FACILITIES Debt Extinguishment (Tables)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Extinguishment of Debt [Line Items]      
Schedule of Extinguishment of Debt [Table Text Block]
The following is a summary of the debt extinguished and the respective gain (loss) on extinguishment:
(In Millions)
 
 
Year Ended
December 31, 2018
 
 
Debt Extinguished
 
Gain (Loss) on Extinguishment1
Unsecured Notes:
 
 
 
 
$400 Million 5.90% 2020 Senior Notes
 
$
88.9

 
$
(3.3
)
$500 Million 4.80% 2020 Senior Notes
 
122.4

 
(3.7
)
$700 Million 4.875% 2021 Senior Notes
 
14.4

 
0.1

$1.075 Billion 5.75% 2025 Senior Notes
 
1.7

 
0.1

 
 
$
227.4

 
$
(6.8
)
 
 
 
 
 
1 This includes premiums paid related to the redemption of our notes of $7.1 million.
The following is a summary of the debt extinguished and the respective gain (loss) on extinguishment:
(In Millions)
 
 
Year Ended
December 31, 2017
 
 
Debt Extinguished
 
Gain (Loss) on Extinguishment1
Secured Notes:
 
 
 
 
$540 Million 8.25% 2020 First Lien Notes
 
$
540.0

 
$
(93.5
)
$218.5 Million 8.00% 2020 1.5 Lien Notes
 
218.5

 
45.1

$544.2 Million 7.75% 2020 Second Lien Notes
 
430.1

 
(104.5
)
Unsecured Notes:
 
 
 
 
$400 Million 5.90% 2020 Senior Notes
 
136.7

 
(7.8
)
$500 Million 4.80% 2020 Senior Notes
 
114.4

 
(1.9
)
$700 Million 4.875% 2021 Senior Notes
 
171.0

 
(2.8
)
 
 
$
1,610.7

 
$
(165.4
)
 
 
 
 
 
1 This includes premiums paid related to the redemption of our notes of $110.0 million.
The following is a summary of the debt exchanged for our $218.5 million 8.00% 2020 1.5 Lien Notes:
(In Millions)
 
 
Debt Extinguished
 
1.5 Lien Amount Issued
 
Carrying Value1
 
Gain on Restructuring2
$544.2 Million 7.75% 2020 Second Lien Notes
 
$
114.1

 
$
57.0

 
$
77.5

 
$
6.9

$500 Million 3.95% 2018 Senior Notes
 
17.6

 
11.4

 
15.5

 
1.8

$400 Million 5.90% 2020 Senior Notes
 
65.1

 
26.0

 
35.4

 
28.3

$500 Million 4.80% 2020 Senior Notes
 
44.7

 
17.9

 
24.4

 
19.5

$700 Million 4.875% 2021 Senior Notes
 
76.3

 
30.5

 
41.5

 
33.3

$800 Million 6.25% 2040 Senior Notes
 
194.4

 
75.7

 
103.0

 
84.5

 
 
$
512.2

 
$
218.5

 
$
297.3

 
$
174.3

 
 
 
 
 
 
 
 
 
1 Includes undiscounted interest payments
2 Net of amounts expensed for unamortized original issue discount and deferred origination fees