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Quarterly report pursuant to Section 13 or 15(d)

DEBT AND CREDIT FACILITIES (Tables)

v3.8.0.1
DEBT AND CREDIT FACILITIES (Tables)
9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract] Ìý
Schedule Of Long-Term Debt
The following represents a summary of our long-term debt as of SeptemberÌý30, 2017 and DecemberÌý31, 2016:
(In Millions)
SeptemberÌý30, 2017
Debt Instrument
Ìý
Annual Effective
Interest Rate
Ìý
Total Principal Amount
Ìý
Debt Issuance Costs
Ìý
Unamortized Discounts
Ìý
Total Debt
Unsecured Notes
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
$400 Million 5.90% 2020 Senior Notes
Ìý
5.98%
Ìý
$
88.9

Ìý
$
(0.2
)
Ìý
$
(0.2
)
Ìý
$
88.5

$500 Million 4.80% 2020 Senior Notes
Ìý
4.83%
Ìý
122.4

Ìý
(0.3
)
Ìý
(0.1
)
Ìý
122.0

$700 Million 4.875% 2021 Senior Notes
Ìý
4.89%
Ìý
138.4

Ìý
(0.3
)
Ìý
(0.1
)
Ìý
138.0

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

Ìý
(11.2
)
Ìý
(17.0
)
Ìý
1,046.8

$800 Million 6.25% 2040 Senior Notes
Ìý
6.34%
Ìý
298.4

Ìý
(2.4
)
Ìý
(3.4
)
Ìý
292.6

ABL Facility
Ìý
N/A
Ìý
550.0

Ìý
N/A

Ìý
N/A

Ìý
—

Fair Value Adjustment to Interest Rate Hedge
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
1.5

Long-term debt
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
$
1,689.4

(In Millions)
December 31, 2016
Debt Instrument
Ìý
Annual Effective
Interest Rate
Ìý
Total Principal Amount
Ìý
Debt Issuance Costs
Ìý
Undiscounted Interest/
(Unamortized Discounts)
Ìý
Total Debt
Secured Notes
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
$540 Million 8.25% 2020 First Lien Notes
Ìý
9.97%
Ìý
$
540.0

Ìý
$
(8.0
)
Ìý
$
(25.7
)
Ìý
$
506.3

$218.5 Million 8.00% 2020 1.5 Lien Notes
Ìý
N/A
Ìý
218.5

Ìý
—

Ìý
65.7

Ìý
284.2

$544.2 Million 7.75% 2020 Second Lien Notes
Ìý
15.55%
Ìý
430.1

Ìý
(5.8
)
Ìý
(85.2
)
Ìý
339.1

Unsecured Notes
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
$400 Million 5.90% 2020 Senior Notes
Ìý
5.98%
Ìý
225.6

Ìý
(0.6
)
Ìý
(0.5
)
Ìý
224.5

$500 Million 4.80% 2020 Senior Notes
Ìý
4.83%
Ìý
236.8

Ìý
(0.7
)
Ìý
(0.2
)
Ìý
235.9

$700 Million 4.875% 2021 Senior Notes
Ìý
4.89%
Ìý
309.4

Ìý
(1.0
)
Ìý
(0.2
)
Ìý
308.2

$800 Million 6.25% 2040 Senior Notes
Ìý
6.34%
Ìý
298.4

Ìý
(2.5
)
Ìý
(3.4
)
Ìý
292.5

ABL Facility
Ìý
N/A
Ìý
550.0

Ìý
N/A

Ìý
N/A

Ìý
—

Fair Value Adjustment to Interest Rate Hedge
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
1.9

Total debt
Ìý
Ìý
Ìý


Ìý
Ìý
Ìý
Ìý
Ìý
$
2,192.6

Less current portion
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
17.5

Long-term debt
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
$
2,175.1


Schedule of Extinguishment of Debt [Table Text Block]
The following is a summary of the debt extinguished during the nine months ended SeptemberÌý30, 2017 and the respective gain (loss) on extinguishment for the three and nine months ended SeptemberÌý30, 2017:
(In Millions)
Ìý
Ìý
Ìý
Ìý
Gain (Loss) on Extinguishment1
Ìý
Ìý
Debt Extinguished
Ìý
Three Months Ended
September 30, 2017
Ìý
Nine Months Ended
September 30, 2017
Secured Notes
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
$540 Million 8.25% 2020 First Lien Notes
Ìý
$
540.0

Ìý
$
(88.6
)
Ìý
$
(93.5
)
$218.5 Million 8.00% 2020 1.5 Lien Notes
Ìý
218.5

Ìý
—

Ìý
45.1

$544.2 Million 7.75% 2020 Second Lien Notes
Ìý
430.1

Ìý
—

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

Ìý
—

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

Ìý
—

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

Ìý
—

Ìý
(2.8
)
Ìý
Ìý
$
1,610.7

Ìý
$
(88.6
)
Ìý
$
(165.4
)
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
1ÌýThis includes premiums paid related to the redemption of our notes of $62.4 million and $110.0 million for the three and nine months ended September 30, 2017, respectively.
Schedule of Maturities of Long-term Debt
Debt Maturities
The following represents a summary of our maturities of debt instruments, excluding borrowings under the ABL Facility, based on the principal amounts outstanding at SeptemberÌý30, 2017:
Ìý
(In Millions)
Ìý
Maturities of Debt
2017 (October 1 - December 31)
$
—

2018
—

2019
—

2020
211.3

2021
138.4

2022
—

2023 and thereafter
1,373.4

Total maturities of debt
$
1,723.1