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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] Ìý Ìý Ìý
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)
Ìý
Ìý
Year Ended
December 31, 2018
Ìý
Ìý
Debt Extinguished
Ìý
Gain (Loss) on Extinguishment1
Unsecured Notes:
Ìý
Ìý
Ìý
Ìý
$400 Million 5.90% 2020 Senior Notes
Ìý
$
88.9

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

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

Ìý
0.1

$1.075 Billion 5.75% 2025 Senior Notes
Ìý
1.7

Ìý
0.1

Ìý
Ìý
$
227.4

Ìý
$
(6.8
)
Ìý
Ìý
Ìý
Ìý
Ìý
1ÌýThis 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)
Ìý
Ìý
Year Ended
December 31, 2017
Ìý
Ìý
Debt Extinguished
Ìý
Gain (Loss) on Extinguishment1
Secured Notes:
Ìý
Ìý
Ìý
Ìý
$540 Million 8.25% 2020 First Lien Notes
Ìý
$
540.0

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

Ìý
45.1

$544.2 Million 7.75% 2020 Second Lien Notes
Ìý
430.1

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

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

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

Ìý
(2.8
)
Ìý
Ìý
$
1,610.7

Ìý
$
(165.4
)
Ìý
Ìý
Ìý
Ìý
Ìý
1ÌýThis 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)
Ìý
Ìý
Debt Extinguished
Ìý
1.5 Lien Amount Issued
Ìý
Carrying Value1
Ìý
Gain on Restructuring2
$544.2 Million 7.75% 2020 Second Lien Notes
Ìý
$
114.1

Ìý
$
57.0

Ìý
$
77.5

Ìý
$
6.9

$500 Million 3.95% 2018 Senior Notes
Ìý
17.6

Ìý
11.4

Ìý
15.5

Ìý
1.8

$400 Million 5.90% 2020 Senior Notes
Ìý
65.1

Ìý
26.0

Ìý
35.4

Ìý
28.3

$500 Million 4.80% 2020 Senior Notes
Ìý
44.7

Ìý
17.9

Ìý
24.4

Ìý
19.5

$700 Million 4.875% 2021 Senior Notes
Ìý
76.3

Ìý
30.5

Ìý
41.5

Ìý
33.3

$800 Million 6.25% 2040 Senior Notes
Ìý
194.4

Ìý
75.7

Ìý
103.0

Ìý
84.5

Ìý
Ìý
$
512.2

Ìý
$
218.5

Ìý
$
297.3

Ìý
$
174.3

Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
1ÌýIncludes undiscounted interest payments
2ÌýNet of amounts expensed for unamortized original issue discount and deferred origination fees