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Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS (Carrying Value And Fair Value Of Financial Instruments Disclosure) (Details)

v3.3.0.814
FAIR VALUE OF FINANCIAL INSTRUMENTS (Carrying Value And Fair Value Of Financial Instruments Disclosure) (Details) - USD ($)
Sep. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Ìý Ìý Ìý
Debt Instrument, Face Amount $ 3,448,200,000 Ìý $ 3,980,000,000
Long-term debt: Ìý Ìý Ìý
Long-term Debt 2,721,600,000 Ìý 2,843,300,000
Total long-term debt, carrying value 2,721,600,000 Ìý 2,843,300,000
$700 Million 4.875% 2021 Senior Note [Member] Ìý Ìý Ìý
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Ìý Ìý Ìý
Debt Instrument, Face Amount 700,000,000 Ìý 700,000,000
Long-term debt: Ìý Ìý Ìý
Long-term Debt [1] 412,300,000 Ìý 689,500,000
Senior Notes - $1.3 Billion [Member] Ìý Ìý Ìý
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Ìý Ìý Ìý
Debt Instrument, Face Amount 1,300,000,000.0 Ìý 1,300,000,000.0
$400 Million 5.90% 2020 Senior Notes [Member] Ìý Ìý Ìý
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Ìý Ìý Ìý
Debt Instrument, Face Amount 400,000,000 Ìý 400,000,000
Long-term debt: Ìý Ìý Ìý
Long-term Debt [2] 289,900,000 Ìý 393,700,000
$500 Million 3.95% 2018 Senior Notes [Member] Ìý Ìý Ìý
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Ìý Ìý Ìý
Debt Instrument, Face Amount 500,000,000.0 Ìý 500,000,000
Long-term debt: Ìý Ìý Ìý
Long-term Debt [3] 309,900,000 Ìý 477,400,000
Five hundred forty million Eight point two five Twenty twenty First Lien Notes [Member] Ìý Ìý Ìý
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Ìý Ìý Ìý
Debt Instrument, Face Amount 540,000,000 Ìý 0
Long-term debt: Ìý Ìý Ìý
Long-term Debt 506,400,000 Ìý Ìý
Five hundred Forty-four Million Seven Point Seven Five Twenty Twenty Second Lien Notes [Member] Ìý Ìý Ìý
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Ìý Ìý Ìý
Debt Instrument, Face Amount 544,200,000 Ìý 0
Long-term debt: Ìý Ìý Ìý
Debt Instrument, Fair Value Disclosure Ìý $ 397,200,000 Ìý
Long-term Debt 407,400,000 Ìý Ìý
Revolving Credit Facility [Member] Ìý Ìý Ìý
Long-term debt: Ìý Ìý Ìý
Revolving loan, carrying value 0 [4] Ìý 0 [5]
Interest Rate Swap [Member] Ìý Ìý Ìý
Long-term debt: Ìý Ìý Ìý
Fair Value Adjustment to Interest Rate Hedge 2,400,000 Ìý 2,800,000
Fair Value, Inputs, Level 2 [Member] Ìý Ìý Ìý
Long-term debt: Ìý Ìý Ìý
Total long-term debt, fair value 1,318,000,000 Ìý 1,614,200,000
Fair Value, Inputs, Level 2 [Member] | $700 Million 4.875% 2021 Senior Note [Member] Ìý Ìý Ìý
Long-term debt: Ìý Ìý Ìý
Debt Instrument, Fair Value Disclosure 115,400,000 Ìý 367,300,000
Fair Value, Inputs, Level 2 [Member] | Senior Notes - $1.3 Billion [Member] Ìý Ìý Ìý
Long-term debt: Ìý Ìý Ìý
Debt Instrument, Fair Value Disclosure 242,400,000 Ìý 704,000,000
Fair Value, Inputs, Level 2 [Member] | $400 Million 5.90% 2020 Senior Notes [Member] Ìý Ìý Ìý
Long-term debt: Ìý Ìý Ìý
Debt Instrument, Fair Value Disclosure 99,600,000 Ìý 228,100,000
Fair Value, Inputs, Level 2 [Member] | $500 Million 3.95% 2018 Senior Notes [Member] Ìý Ìý Ìý
Long-term debt: Ìý Ìý Ìý
Debt Instrument, Fair Value Disclosure 162,600,000 Ìý 312,000,000
Fair Value, Inputs, Level 2 [Member] | Five hundred forty million Eight point two five Twenty twenty First Lien Notes [Member] Ìý Ìý Ìý
Long-term debt: Ìý Ìý Ìý
Debt Instrument, Fair Value Disclosure 477,900,000 Ìý 0
Fair Value, Inputs, Level 2 [Member] | Five hundred Forty-four Million Seven Point Seven Five Twenty Twenty Second Lien Notes [Member] Ìý Ìý Ìý
Long-term debt: Ìý Ìý Ìý
Debt Instrument, Fair Value Disclosure 217,700,000 $ 397,200,000 0
Fair Value, Inputs, Level 2 [Member] | Revolving Credit Facility [Member] Ìý Ìý Ìý
Long-term debt: Ìý Ìý Ìý
Revolving loan, fair value 0 Ìý 0
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] Ìý Ìý Ìý
Long-term debt: Ìý Ìý Ìý
Fair Value Adjustment to Interest Rate Hedge 2,400,000 Ìý 2,800,000
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] Ìý Ìý Ìý
Long-term debt: Ìý Ìý Ìý
Total long-term debt, carrying value 2,721,600,000 Ìý 2,843,300,000
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | $700 Million 4.875% 2021 Senior Note [Member] Ìý Ìý Ìý
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Ìý Ìý Ìý
Senior Notes, Noncurrent 412,300,000 Ìý 689,500,000
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Senior Notes - $1.3 Billion [Member] Ìý Ìý Ìý
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Ìý Ìý Ìý
Senior Notes, Noncurrent 793,300,000 Ìý 1,279,900,000
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | $400 Million 5.90% 2020 Senior Notes [Member] Ìý Ìý Ìý
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Ìý Ìý Ìý
Senior Notes, Noncurrent 289,900,000 Ìý 393,700,000
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | $500 Million 3.95% 2018 Senior Notes [Member] Ìý Ìý Ìý
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Ìý Ìý Ìý
Senior Notes, Noncurrent 309,900,000 Ìý 477,400,000
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Five hundred forty million Eight point two five Twenty twenty First Lien Notes [Member] Ìý Ìý Ìý
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Ìý Ìý Ìý
Senior Notes, Noncurrent 506,400,000 Ìý 0
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Five hundred Forty-four Million Seven Point Seven Five Twenty Twenty Second Lien Notes [Member] Ìý Ìý Ìý
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Ìý Ìý Ìý
Senior Notes, Noncurrent 407,400,000 Ìý 0
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Revolving Credit Facility [Member] Ìý Ìý Ìý
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Ìý Ìý Ìý
Senior Notes, Noncurrent 0 Ìý 0
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] Ìý Ìý Ìý
Long-term debt: Ìý Ìý Ìý
Fair Value Adjustment to Interest Rate Hedge $ 2,400,000 Ìý $ 2,800,000
[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 $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.
[3] 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.
[4] 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.
[5] 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.