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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 6 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2013
Mar. 31, 2015
Mar. 30, 2015
Dec. 31, 2014
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt $ 0 $ 0 $ 313,700,000 $ 0 Ìý Ìý Ìý Ìý
Total Face Amount 3,621,500,000 Ìý 3,621,500,000 Ìý Ìý Ìý Ìý $ 3,980,000,000
Letters of credit outstanding 198,000,000 Ìý 198,000,000 Ìý Ìý Ìý Ìý 149,500,000
Long-term Debt 2,887,400,000 Ìý 2,887,400,000 Ìý Ìý Ìý Ìý 2,843,300,000
Current portion of long-term debt 0 Ìý 0 Ìý Ìý Ìý Ìý 0
Long-term debt noncurrent portion 2,887,400,000 Ìý 2,887,400,000 Ìý Ìý Ìý Ìý $ 2,843,300,000
$700 Million 4.875% 2021 Senior Note [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Repurchased Face Amount $ 58,300,000 Ìý $ 58,300,000 Ìý Ìý Ìý Ìý Ìý
Stated interest rate 4.875% Ìý 4.875% Ìý Ìý Ìý Ìý 4.875%
Debt Repurchase Discount 52.00% Ìý 52.00% Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Face Amount Exchanged $ 208,500,000 Ìý $ 208,500,000 Ìý Ìý Ìý Ìý Ìý
Type Ìý Ìý Fixed Ìý Fixed Ìý Ìý Ìý
Final Maturity Ìý Ìý 2021 Ìý 2021 Ìý Ìý Ìý
Total Face Amount 700,000,000 Ìý $ 700,000,000 Ìý Ìý Ìý Ìý $ 700,000,000
Debt Instrument, Par Value 423,200,000 Ìý 423,200,000 Ìý Ìý Ìý Ìý 690,000,000
Long-term Debt [1] 422,900,000 Ìý 422,900,000 Ìý Ìý Ìý Ìý 689,500,000
Debt Instrument, Unamortized Discount $ 300,000 Ìý $ 300,000 Ìý Ìý Ìý Ìý $ 500,000
Imputed interest rate 4.89% Ìý 4.89% Ìý Ìý Ìý Ìý 4.88%
$500 million 4.80% 2020 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Repurchased Face Amount $ 43,800,000 Ìý $ 43,800,000 Ìý Ìý Ìý Ìý Ìý
Stated interest rate 4.80% Ìý 4.80% Ìý Ìý Ìý Ìý 4.80%
Debt Repurchase Discount 54.30% Ìý 54.30% Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Face Amount Exchanged $ 137,800,000 Ìý $ 137,800,000 Ìý Ìý Ìý Ìý Ìý
Type Ìý Ìý Fixed Ìý Fixed Ìý Ìý Ìý
Final Maturity Ìý Ìý 2020 Ìý 2020 Ìý Ìý Ìý
Total Face Amount 500,000,000 Ìý $ 500,000,000 Ìý Ìý Ìý Ìý $ 500,000,000
Debt Instrument, Par Value 308,500,000 Ìý 308,500,000 Ìý Ìý Ìý Ìý 490,000,000
Long-term Debt [2] 308,100,000 Ìý 308,100,000 Ìý Ìý Ìý Ìý 489,400,000
Debt Instrument, Unamortized Discount $ 400,000 Ìý $ 400,000 Ìý Ìý Ìý Ìý $ 600,000
Imputed interest rate 4.83% Ìý 4.83% Ìý Ìý Ìý Ìý 4.83%
$800 Million 6.25% 2040 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Repurchased Face Amount $ 45,900,000 Ìý $ 45,900,000 Ìý Ìý Ìý Ìý Ìý
Stated interest rate 6.25% Ìý 6.25% Ìý Ìý Ìý Ìý Ìý
Debt Repurchase Discount 52.50% Ìý 52.50% Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Face Amount Exchanged $ 261,300,000 Ìý $ 261,300,000 Ìý Ìý Ìý Ìý Ìý
Type Ìý Ìý Fixed Ìý Fixed Ìý Ìý Ìý
Final Maturity Ìý Ìý 2040 Ìý 2040 Ìý Ìý Ìý
Total Face Amount 800,000,000 Ìý $ 800,000,000 Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Par Value 492,800,000 Ìý 492,800,000 Ìý Ìý Ìý Ìý $ 800,000,000
Long-term Debt [3] 487,000,000 Ìý 487,000,000 Ìý Ìý Ìý Ìý 790,500,000
Debt Instrument, Unamortized Discount $ 5,800,000 Ìý $ 5,800,000 Ìý Ìý Ìý Ìý $ 9,500,000
Imputed interest rate 6.34% Ìý 6.34% Ìý Ìý Ìý Ìý 6.34%
$400 Million 5.90% 2020 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Repurchased Face Amount $ 1,300,000 Ìý $ 1,300,000 Ìý Ìý Ìý Ìý Ìý
Stated interest rate 5.90% Ìý 5.90% Ìý Ìý Ìý Ìý 5.90%
Debt Repurchase Discount 58.00% Ìý 58.00% Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Face Amount Exchanged $ 67,000,000 Ìý $ 67,000,000 Ìý Ìý Ìý Ìý Ìý
Type Ìý Ìý Fixed Ìý Fixed Ìý Ìý Ìý
Final Maturity Ìý Ìý 2020 Ìý 2020 Ìý Ìý Ìý
Total Face Amount 400,000,000 Ìý $ 400,000,000 Ìý Ìý Ìý Ìý $ 400,000,000
Debt Instrument, Par Value 326,800,000 Ìý 326,800,000 Ìý Ìý Ìý Ìý 395,000,000
Long-term Debt [4] 325,800,000 Ìý 325,800,000 Ìý Ìý Ìý Ìý 393,700,000
Debt Instrument, Unamortized Discount $ 1,000,000 Ìý $ 1,000,000 Ìý Ìý Ìý Ìý $ 1,300,000
Imputed interest rate 5.98% Ìý 5.98% Ìý Ìý Ìý Ìý 5.98%
$500 Million 3.95% 2018 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Repurchased Face Amount $ 44,000,000 Ìý $ 44,000,000 Ìý Ìý Ìý Ìý Ìý
Stated interest rate 3.95% Ìý 3.95% Ìý Ìý Ìý Ìý 3.95%
Debt Repurchase Discount 77.50% Ìý 77.50% Ìý Ìý Ìý Ìý Ìý
Type Ìý Ìý Fixed Ìý Fixed Ìý Ìý Ìý
Final Maturity Ìý Ìý 2018 Ìý 2018 Ìý Ìý Ìý
Total Face Amount $ 500,000,000.0 Ìý $ 500,000,000.0 Ìý Ìý Ìý Ìý $ 500,000,000
Debt Instrument, Par Value 436,000,000 Ìý 436,000,000 Ìý Ìý Ìý Ìý 480,000,000
Long-term Debt [5] 434,000,000 Ìý 434,000,000 Ìý Ìý Ìý Ìý 477,400,000
Debt Instrument, Unamortized Discount $ 2,000,000 Ìý $ 2,000,000 Ìý Ìý Ìý Ìý $ 2,600,000
Imputed interest rate 6.22% Ìý 6.22% Ìý Ìý 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 Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Stated interest rate 8.25% Ìý 8.25% Ìý Ìý Ìý Ìý Ìý
Type Ìý Ìý Fixed Ìý Ìý Ìý Ìý Ìý
Final Maturity Ìý Ìý 2020 Ìý Ìý Ìý Ìý Ìý
Total Face Amount $ 540,000,000 Ìý $ 540,000,000 Ìý Ìý Ìý Ìý $ 0
Debt Instrument, Par Value 540,000,000 Ìý 540,000,000 Ìý Ìý Ìý Ìý Ìý
Long-term Debt 504,900,000 Ìý 504,900,000 Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Unamortized Discount $ 35,051,000.000 Ìý $ 35,051,000.000 Ìý Ìý Ìý Ìý Ìý
Imputed interest rate 9.97% Ìý 9.97% Ìý Ìý 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 Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Stated interest rate 7.75% Ìý 7.75% Ìý Ìý Ìý Ìý Ìý
Discount Received in Debt Exchange of $400M 5.90% Notes $ 15,500,000 Ìý $ 15,500,000 Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Face Amount Received in Debt Exchange of $400M 5.90% Notes 57,500,000 Ìý 57,500,000 Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Face Amount Received in Debt Exchange of $800M 6.25% Notes 203,500,000 Ìý 203,500,000 Ìý Ìý Ìý Ìý Ìý
Discount Received in Debt Exchange of $800M 6.25% Notes 55,000,000 Ìý 55,000,000 Ìý Ìý Ìý Ìý Ìý
Discount Received in Debt Exchange of $500M 4.80% Notes 30,500,000 Ìý 30,500,000 Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Face Amount Received in Debt Exchange of $500M 4.80% Notes 112,900,000 Ìý 112,900,000 Ìý Ìý Ìý Ìý Ìý
Discount Received in Debt Exchange of $700M 4.875% Notes 46,000,000 Ìý 46,000,000 Ìý Ìý Ìý Ìý Ìý
Debt instrument, Face Amount Received in Debt Exchange of $700M 4.875% Notes 170,300,000 Ìý $ 170,300,000 Ìý Ìý Ìý Ìý Ìý
Type Ìý Ìý Fixed Ìý Ìý Ìý Ìý Ìý
Final Maturity Ìý Ìý 2020 Ìý Ìý Ìý Ìý Ìý
Total Face Amount 544,200,000 Ìý $ 544,200,000 Ìý Ìý Ìý Ìý $ 0
Debt Instrument, Par Value 544,200,000 Ìý 544,200,000 Ìý Ìý Ìý Ìý Ìý
Long-term Debt 402,200,000 Ìý 402,200,000 Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Unamortized Discount $ 142,000,000 Ìý $ 142,000,000 Ìý Ìý $ 147,000,000 Ìý Ìý
Imputed interest rate 15.55% Ìý 15.55% Ìý Ìý Ìý Ìý 15.55%
Revolving Credit Facility [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Type Ìý Ìý Variable Ìý Variable Ìý Ìý Ìý
Final Maturity Ìý Ìý 2020 Ìý 2017 Ìý Ìý Ìý
Debt Instrument, Par Value $ 550,000,000 Ìý $ 550,000,000 Ìý Ìý Ìý $ 900,000,000 $ 1,125,000,000
Credit facility, amount outstanding 0 [6] Ìý 0 [6] Ìý Ìý Ìý Ìý 0 [7]
Revolving credit facility, borrowing capacity 532,700,000 Ìý 532,700,000 Ìý Ìý Ìý Ìý Ìý
Letters of credit outstanding 198,000,000 Ìý 198,000,000 Ìý Ìý Ìý Ìý $ 149,500,000
Foreign Exchange Hedge Obligations $ 2,100,000 Ìý $ 2,100,000 Ìý Ìý Ìý Ìý Ìý
Imputed interest rate 2.25% Ìý 2.25% Ìý Ìý Ìý Ìý 2.94%
Credit facility remaining capacity $ 332,600,000 Ìý $ 332,600,000 Ìý Ìý Ìý Ìý $ 975,500,000
Interest Rate Swap [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Fair Value Adjustment to Interest Rate Hedge $ 2,500,000 Ìý 2,500,000 Ìý Ìý Ìý Ìý $ 2,800,000
Debt Repurchase [Member] | $700 Million 4.875% 2021 Senior Note [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt Ìý Ìý 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 Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt Ìý Ìý 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 Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt Ìý 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 Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt Ìý Ìý 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 Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt Ìý 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 Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt Ìý 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 Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt Ìý 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 Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt Ìý 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 Ìý
Debt Instrument [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Gain on extinguishment of debt Ìý Ìý $ 24,500,000 Ìý Ìý Ìý Ìý Ìý
[1] During the first quarter of 2015, we purchased $58.3 million of outstanding 4.875 percent senior notes that were trading at a discount of 52.0 percent which resulted in a gain on extinguishment of $20.0 million. In addition, 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 JuneÌý30, 2015, the $700.0 million 4.875 percent senior notes were recorded at a par value of $423.2 million less unamortized discounts of $0.3 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 first quarter of 2015, we purchased $43.8 million of outstanding 4.80 percent senior notes that were trading at a discount of 54.3 percent, which resulted in a gain on extinguishment of $15.6 million. In addition, 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 JuneÌý30, 2015, the $500.0 million 4.80 percent senior notes were recorded at a par value of $308.5 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 a discount of 52.5 percent, which resulted in a gain on extinguishment of $15.0 million. In addition, 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 JuneÌý30, 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 first quarter of 2015, we purchased $1.3 million of outstanding 5.90 percent senior notes that were trading at a discount of 58.0 percent, which resulted in a gain on extinguishment of $0.3 million. In addition, 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 JuneÌý30, 2015, the $400.0 million 5.90 percent senior notes were recorded at a par value of $326.8 million less unamortized discounts of $1.0 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 first quarter of 2015, we purchased $44.0 million of outstanding 3.95 percent senior notes that were trading at a discount of 77.5 percent, which resulted in a gain on the extinguishment of debt of $7.1 million. As of JuneÌý30, 2015, the $500.0 million 3.95 percent senior notes were recorded at a par value of $436.0 million less unamortized discounts of $2.0 million, based on an imputed interest rate of 6.22 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 JuneÌý30, 2015, no loans were drawn under the ABL Facility and we had total availability of $532.7 million as a result of borrowing base limitations. As of JuneÌý30, 2015, the principal amount of letter of credit obligations totaled $198.0 million and foreign exchange hedge obligations totaled $2.1 million, thereby further reducing available borrowing capacity on our ABL Facility to $332.6 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 further reducing available borrowing capacity on the revolving credit agreement to $975.5 million.