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Quarterly report pursuant to Section 13 or 15(d)

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

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DEBT AND CREDIT FACILITIES (Schedule Of Long-Term Debt) (Details) - USD ($)
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2015
Mar. 31, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2013
Dec. 31, 2014
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt $ 79,200,000 Ìý $ 0 $ 392,900,000 $ 0 Ìý Ìý
Total Face Amount 3,448,200,000 Ìý Ìý 3,448,200,000 Ìý Ìý $ 3,980,000,000
Letters of credit outstanding 187,300,000 Ìý Ìý 187,300,000 Ìý Ìý 149,500,000
Long-term Debt 2,721,600,000 Ìý Ìý 2,721,600,000 Ìý Ìý 2,843,300,000
Long-term debt noncurrent portion 2,721,600,000 Ìý Ìý 2,721,600,000 Ìý Ìý $ 2,843,300,000
$700 Million 4.875% 2021 Senior Note [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Repurchased Face Amount $ 10,700,000 $ 58,300,000 Ìý $ 10,700,000 Ìý Ìý Ìý
Stated interest rate 4.875% Ìý Ìý 4.875% Ìý Ìý 4.875%
Debt Repurchase Discount 50.00% 52.00% Ìý 50.00% Ìý Ìý Ìý
Debt Instrument, Face Amount Exchanged Ìý $ 208,500,000 Ìý Ìý Ìý Ìý Ìý
Type Ìý Ìý Ìý Fixed Ìý Fixed Ìý
Final Maturity Ìý Ìý Ìý 2021 Ìý 2021 Ìý
Total Face Amount $ 700,000,000 Ìý Ìý $ 700,000,000 Ìý Ìý $ 700,000,000
Debt Instrument, Par Value 412,500,000 Ìý Ìý 412,500,000 Ìý Ìý 690,000,000
Long-term Debt [1] 412,300,000 Ìý Ìý 412,300,000 Ìý Ìý 689,500,000
Debt Instrument, Unamortized Discount $ 200,000 Ìý Ìý $ 200,000 Ìý Ìý $ 500,000
Imputed interest rate 4.89% Ìý Ìý 4.89% Ìý Ìý 4.88%
$500 million 4.80% 2020 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Repurchased Face Amount $ 1,800,000 $ 43,800,000 Ìý $ 1,800,000 Ìý Ìý Ìý
Stated interest rate 4.80% Ìý Ìý 4.80% Ìý Ìý 4.80%
Debt Repurchase Discount 50.00% 54.30% Ìý 50.00% Ìý Ìý Ìý
Debt Instrument, Face Amount Exchanged Ìý $ 137,800,000 Ìý Ìý Ìý Ìý Ìý
Type Ìý Ìý Ìý Fixed Ìý Fixed Ìý
Final Maturity Ìý Ìý Ìý 2020 Ìý 2020 Ìý
Total Face Amount $ 500,000,000 Ìý Ìý $ 500,000,000 Ìý Ìý $ 500,000,000
Debt Instrument, Par Value 306,700,000 Ìý Ìý 306,700,000 Ìý Ìý 490,000,000
Long-term Debt [2] 306,300,000 Ìý Ìý 306,300,000 Ìý Ìý 489,400,000
Debt Instrument, Unamortized Discount $ 400,000 Ìý Ìý $ 400,000 Ìý Ìý $ 600,000
Imputed interest rate 4.83% Ìý Ìý 4.83% Ìý Ìý 4.83%
$800 Million 6.25% 2040 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Repurchased Face Amount Ìý $ 45,900,000 Ìý Ìý Ìý Ìý Ìý
Stated interest rate 6.25% Ìý Ìý 6.25% Ìý Ìý Ìý
Debt Repurchase Discount Ìý 52.50% Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Face Amount Exchanged Ìý $ 261,300,000 Ìý Ìý Ìý Ìý Ìý
Type Ìý Ìý Ìý Fixed Ìý Fixed Ìý
Final Maturity Ìý Ìý Ìý 2040 Ìý 2040 Ìý
Total Face Amount $ 800,000,000 Ìý Ìý $ 800,000,000 Ìý Ìý $ 800,000,000
Debt Instrument, Par Value 492,800,000 Ìý Ìý 492,800,000 Ìý Ìý 800,000,000
Long-term Debt [3] 487,000,000 Ìý Ìý 487,000,000 Ìý Ìý 790,500,000
Debt Instrument, Unamortized Discount $ 5,800,000 Ìý Ìý $ 5,800,000 Ìý Ìý $ 9,500,000
Imputed interest rate 6.34% Ìý Ìý 6.34% Ìý Ìý 6.34%
$400 Million 5.90% 2020 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Repurchased Face Amount $ 36,000,000 $ 1,300,000 Ìý $ 36,000,000 Ìý Ìý Ìý
Stated interest rate 5.90% Ìý Ìý 5.90% Ìý Ìý 5.90%
Debt Repurchase Discount 50.00% 58.00% Ìý 50.00% Ìý Ìý Ìý
Debt Instrument, Face Amount Exchanged Ìý $ 67,000,000 Ìý Ìý Ìý Ìý Ìý
Type Ìý Ìý Ìý Fixed Ìý Fixed Ìý
Final Maturity Ìý Ìý Ìý 2020 Ìý 2020 Ìý
Total Face Amount $ 400,000,000 Ìý Ìý $ 400,000,000 Ìý Ìý $ 400,000,000
Debt Instrument, Par Value 290,800,000 Ìý Ìý 290,800,000 Ìý Ìý 395,000,000
Long-term Debt [4] 289,900,000 Ìý Ìý 289,900,000 Ìý Ìý 393,700,000
Debt Instrument, Unamortized Discount $ 900,000 Ìý Ìý $ 900,000 Ìý Ìý $ 1,300,000
Imputed interest rate 5.98% Ìý Ìý 5.98% Ìý Ìý 5.98%
$500 Million 3.95% 2018 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Repurchased Face Amount Ìý $ 44,000,000 Ìý Ìý Ìý Ìý Ìý
Stated interest rate 3.95% Ìý Ìý 3.95% Ìý Ìý 3.95%
Cash Used to Repurchase Debt $ 68,600,000 Ìý Ìý $ 68,600,000 Ìý Ìý Ìý
Debt Repurchase Discount Ìý 77.50% Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Face Amount Exchanged 124,800,000 Ìý Ìý $ 124,800,000 Ìý Ìý Ìý
Type Ìý Ìý Ìý Fixed Ìý Fixed Ìý
Final Maturity Ìý Ìý Ìý 2018 Ìý 2018 Ìý
Total Face Amount 500,000,000.0 Ìý Ìý $ 500,000,000.0 Ìý Ìý $ 500,000,000
Debt Instrument, Par Value 311,200,000 Ìý Ìý 311,200,000 Ìý Ìý 480,000,000
Long-term Debt [5] 309,900,000 Ìý Ìý 309,900,000 Ìý Ìý 477,400,000
Debt Instrument, Unamortized Discount $ 1,300,000 Ìý Ìý $ 1,300,000 Ìý Ìý $ 2,600,000
Imputed interest rate 6.36% Ìý Ìý 6.36% Ìý Ìý 5.17%
Five hundred forty million Eight point two five Twenty twenty First Lien Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Stated interest rate 8.25% Ìý Ìý 8.25% Ìý Ìý Ìý
Type Ìý Ìý Ìý Fixed Ìý Ìý Ìý
Final Maturity Ìý Ìý Ìý 2020 Ìý Ìý Ìý
Total Face Amount $ 540,000,000 Ìý Ìý $ 540,000,000 Ìý Ìý $ 0
Debt Instrument, Par Value 540,000,000 Ìý Ìý 540,000,000 Ìý Ìý Ìý
Long-term Debt 506,400,000 Ìý Ìý 506,400,000 Ìý Ìý Ìý
Debt Instrument, Unamortized Discount $ 33,600,000.0 Ìý Ìý $ 33,600,000.0 Ìý Ìý Ìý
Imputed interest rate 9.97% Ìý Ìý 9.97% Ìý Ìý Ìý
Five hundred Forty-four Million Seven Point Seven Five Twenty Twenty Second Lien Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Stated interest rate 7.75% Ìý Ìý 7.75% Ìý Ìý Ìý
Discount Received in Debt Exchange of $400M 5.90% Notes Ìý $ 15,500,000 Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Face Amount Received in Debt Exchange of $400M 5.90% Notes Ìý 57,500,000 Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Face Amount Received in Debt Exchange of $800M 6.25% Notes Ìý 203,500,000 Ìý Ìý Ìý Ìý Ìý
Discount Received in Debt Exchange of $800M 6.25% Notes Ìý 55,000,000 Ìý Ìý Ìý Ìý Ìý
Discount Received in Debt Exchange of $500M 4.80% Notes Ìý 30,500,000 Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Face Amount Received in Debt Exchange of $500M 4.80% Notes Ìý 112,900,000 Ìý Ìý Ìý Ìý Ìý
Discount Received in Debt Exchange of $700M 4.875% Notes Ìý 46,000,000 Ìý Ìý Ìý Ìý Ìý
Debt instrument, Face Amount Received in Debt Exchange of $700M 4.875% Notes Ìý 170,300,000 Ìý Ìý Ìý Ìý Ìý
Type Ìý Ìý Ìý Fixed Ìý Ìý Ìý
Final Maturity Ìý Ìý Ìý 2020 Ìý Ìý Ìý
Total Face Amount $ 544,200,000 Ìý Ìý $ 544,200,000 Ìý Ìý 0
Debt Instrument, Par Value 544,200,000 Ìý Ìý 544,200,000 Ìý Ìý Ìý
Long-term Debt 407,400,000 Ìý Ìý 407,400,000 Ìý Ìý Ìý
Debt Instrument, Unamortized Discount $ 136,800,000 147,000,000 Ìý $ 136,800,000 Ìý Ìý Ìý
Imputed interest rate 15.55% Ìý Ìý 15.55% Ìý Ìý Ìý
Revolving Credit Facility [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Type Ìý Ìý Ìý Variable Ìý Variable Ìý
Final Maturity Ìý Ìý Ìý 2020 Ìý 2017 Ìý
Debt Instrument, Par Value $ 550,000,000 Ìý Ìý $ 550,000,000 Ìý Ìý 1,125,000,000
Credit facility, amount outstanding 0 [6] Ìý Ìý 0 [6] Ìý Ìý 0 [7]
Revolving credit facility, borrowing capacity 442,900,000 Ìý Ìý 442,900,000 Ìý Ìý Ìý
Letters of credit outstanding 187,300,000 Ìý Ìý 187,300,000 Ìý Ìý $ 149,500,000
Imputed interest rate Ìý Ìý Ìý Ìý Ìý Ìý 2.94%
Credit facility remaining capacity 255,600,000 Ìý Ìý 255,600,000 Ìý Ìý $ 975,500,000
Interest Rate Swap [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Fair Value Adjustment to Interest Rate Hedge 2,400,000 Ìý Ìý $ 2,400,000 Ìý Ìý $ 2,800,000
Debt Repurchase [Member] | $700 Million 4.875% 2021 Senior Note [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt 5,300,000 20,000,000 Ìý Ìý Ìý Ìý Ìý
Debt Repurchase [Member] | $500 million 4.80% 2020 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt 900,000 15,600,000 Ìý Ìý Ìý Ìý Ìý
Debt Repurchase [Member] | $800 Million 6.25% 2040 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt Ìý 15,000,000 Ìý Ìý Ìý Ìý Ìý
Debt Repurchase [Member] | $400 Million 5.90% 2020 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt 18,000,000 300,000 Ìý Ìý Ìý Ìý Ìý
Debt Repurchase [Member] | $500 Million 3.95% 2018 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt Ìý 7,100,000 Ìý Ìý Ìý Ìý Ìý
Exchange of Debt [Member] | $700 Million 4.875% 2021 Senior Note [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt Ìý 83,100,000 Ìý Ìý Ìý Ìý Ìý
Exchange of Debt [Member] | $500 million 4.80% 2020 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt Ìý 54,600,000 Ìý Ìý Ìý Ìý Ìý
Exchange of Debt [Member] | $800 Million 6.25% 2040 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt Ìý 107,300,000 Ìý Ìý Ìý Ìý Ìý
Exchange of Debt [Member] | $400 Million 5.90% 2020 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt Ìý $ 24,500,000 Ìý Ìý Ìý Ìý Ìý
Exchange of Debt [Member] | $500 Million 3.95% 2018 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt $ 54,900,000 Ìý Ìý Ìý Ìý Ìý Ìý
[1] During the third quarter of 2015, we purchased $10.7 million of outstanding 4.875 percent senior notes that were trading at 50.0 percent of par which resulted in a gain on extinguishment of $5.3 million. In addition, during the first quarter of 2015, we purchased $58.3 million of outstanding 4.875 percent senior notes that were trading at 52.0 percent of par, which resulted in a gain on extinguishment of $20.0 million. Also during the first quarter, on March 27, 2015, we exchanged as part of a tender offer $208.5 million of the 4.875 percent senior notes for $170.3 million of the 7.75 percent second lien notes at a discount of $46.0 million based on an imputed interest rate of 15.55 percent, resulting in a gain on extinguishment of $83.1 million, net of amounts expensed for unamortized original issue discount and deferred origination fees. As of SeptemberÌý30, 2015, the $700.0 million 4.875 percent senior notes were recorded at a par value of $412.5 million less unamortized discounts of $0.2 million, based on an imputed interest rate of 4.89 percent. As of DecemberÌý31, 2014, the $700.0 million 4.875 percent senior notes were recorded at a par value of $690.0 million less unamortized discounts of $0.5 million based on an imputed interest rate of 4.88 percent.
[2] During the third quarter of 2015, we purchased $1.8 million of outstanding 4.80 percent senior notes that were trading at 50.0 percent of par, which resulted in a gain on extinguishment of $0.9 million. In addition, during the first quarter of 2015, we purchased $43.8 million of outstanding 4.80 percent senior notes that were trading at 54.3 percent of par, which resulted in a gain on extinguishment of $15.6 million. Also during the first quarter, on March 27, 2015, we exchanged as part of a tender offer $137.8 million of the 4.80 percent senior notes for $112.9 million of the 7.75 percent second lien notes at a discount of $30.5 million based on an imputed interest rate of 15.55 percent, resulting in a gain on extinguishment of $54.6 million, net of amounts expensed for unamortized original issue discount and deferred origination fees. As of SeptemberÌý30, 2015, the $500.0 million 4.80 percent senior notes were recorded at a par value of $306.7 million less unamortized discounts of $0.4 million, based on an imputed interest rate of 4.83 percent. As of DecemberÌý31, 2014, the $500.0 million 4.80 percent senior notes were recorded at a par value of $490.0 million less unamortized discounts of $0.6 million based on an imputed interest rate of 4.83 percent.
[3] During the first quarter of 2015, we purchased $45.9 million of outstanding 6.25 percent senior notes that were trading at 52.5 percent of par, which resulted in a gain on extinguishment of $15.0 million. Also during the first quarter, on March 27, 2015, we exchanged as part of a tender offer $261.3 million of the 6.25 percent senior notes for $203.5 million of the 7.75 percent second lien notes at a discount of $55.0 million based on an imputed interest rate of 15.55 percent, resulting in a gain on extinguishment of $107.3 million, net of amounts expensed for unamortized original issue discount and deferred origination fees. As of SeptemberÌý30, 2015, the $800 million 6.25 percent senior notes were recorded at a par value of $492.8 million less unamortized discounts of $5.8 million, based on an imputed interest rate of 6.34 percent. As of DecemberÌý31, 2014, the $800 million 6.25 percent senior notes were recorded at a par value of $800.0 million less unamortized discounts of $9.5 million based on an imputed interest rate of 6.34 percent.
[4] During the third quarter of 2015, we purchased $36.0 million of outstanding 5.90 percent senior notes that were trading at 50.0 percent of par, which resulted in a gain on extinguishment of $18.0 million. In addition, during the first quarter of 2015, we purchased $1.3 million of outstanding 5.90 percent senior notes that were trading at 58.0 percent of par, which resulted in a gain on extinguishment of $0.3 million. Also during the first quarter, on March 27, 2015, we exchanged as part of a tender offer $67.0 million of the 5.90 percent senior notes for $57.5 million of the 7.75 percent second lien notes at a discount of $15.5 million based on an imputed interest rate of 15.55 percent, resulting in a gain on extinguishment of $24.5 million, net of amounts expensed for unamortized original issue discount and deferred origination fees. As of SeptemberÌý30, 2015, the $400.0 million 5.90 percent senior notes were recorded at a par value of $290.8 million less unamortized discounts of $0.9 million, based on an imputed interest rate of 5.98 percent. As of DecemberÌý31, 2014, the $400.0 million 5.90 percent senior notes were recorded at a par value of $395.0 million less unamortized discounts of $1.3 million based on an imputed interest rate of 5.98 percent.
[5] During the third quarter, on August 28, 2015, we purchased for cash as part of a tender offer, $124.8 million of the 3.95 percent senior notes for $68.6 million, resulting in a gain on extinguishment of $54.9 million, net of amounts expensed for reacquisition costs, unamortized original issue discount and deferred origination fees. In addition, during the first quarter of 2015, we purchased $44.0 million of outstanding 3.95 percent senior notes that were trading at 77.5 percent of par, which resulted in a gain on the extinguishment of debt of $7.1 million.As of SeptemberÌý30, 2015, the $500.0 million 3.95 percent senior notes were recorded at a par value of $311.2 million less unamortized discounts of $1.3 million, based on an imputed interest rate of 6.36 percent. As of DecemberÌý31, 2014, the $500.0 million 3.95 percent senior notes were recorded at a par value of $480.0 million less unamortized discounts of $2.6 million based on an imputed interest rate of 5.17 percent.
[6] As of SeptemberÌý30, 2015, no loans were drawn under the ABL Facility and we had total availability of $442.9 million as a result of borrowing base limitations. As of SeptemberÌý30, 2015, the principal amount of letter of credit obligations totaled $187.3 million, thereby further reducing available borrowing capacity on our ABL Facility to $255.6 million.
[7] As of DecemberÌý31, 2014, we had no revolving loans drawn under the revolving credit agreement which had $1.125 billion availability. As of DecemberÌý31, 2014, the principal amount of letter of credit obligations totaled $149.5 million, thereby reducing available borrowing capacity on the revolving credit agreement to $975.5 million.