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Debt (Tables)
 6 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Schedule of carrying amount and fair value of long-term debt instruments
Long-term debt is as follows:
 
 
December 31, 2016
 
 
June 30, 2017
 
 
Debt (inclusive of discount)
 
Unamortized Deferred Financing Costs
 
Carrying Amount
 
Fair
Value
 
 
Debt (inclusive of discount)
 
Unamortized Deferred Financing Costs
 
Carrying Amount
 
Fair
Value
Revolving Credit Facility
 
$
953,548

 
$
(7,530
)
 
$
946,018

 
$
953,548

 
 
$
713,445



$
(6,072
)

$
707,373

 
$
713,445

Term Loan
 
234,375

 
—

 
234,375

 
234,375

 
 
225,000



—


225,000

 
225,000

Australian Dollar Term Loan (the "AUD Term Loan")
 
177,198

 
(3,774
)
 
173,424

 
178,923

 
 
186,871



(3,680
)

183,191

 
188,552

6% Senior Notes due 2020 (the "6% Notes due 2020")(1)(2)
 
1,000,000

 
(12,730
)
 
987,270

 
1,052,500

 
 
1,000,000



(11,032
)

988,968

 
1,037,500

43/8% Senior Notes due 2021 (the "43/8% Notes")(1)(2)
 
500,000

 
(7,593
)
 
492,407

 
511,250

 
 
500,000



(6,734
)

493,266

 
518,150

61/8% CAD Senior Notes due 2021 (the "CAD Notes due 2021")(3)
 
148,792

 
(1,635
)
 
147,157

 
155,860

 
 
154,052



(1,511
)

152,541

 
159,251

61/8% GBP Senior Notes due 2022 (the "GBP Notes")(2)
 
493,648

 
(6,214
)
 
487,434

 
527,562

 
 
520,108



(5,974
)

514,134

 
548,090

6% Senior Notes due 2023 (the "6% Notes due 2023")(1)
 
600,000

 
(7,322
)
 
592,678

 
637,500

 
 
600,000



(6,773
)

593,227

 
636,000

53/8% CAD Senior Notes due 2023 (the "CAD Notes due 2023")(2)(3)
 
185,990

 
(3,498
)
 
182,492

 
188,780

 
 
192,565



(3,296
)

189,269

 
202,675

53/4% Senior Subordinated Notes due 2024 (the "53/4% Notes")(1)
 
1,000,000

 
(10,529
)
 
989,471

 
1,027,500

 
 
1,000,000



(9,842
)

990,158

 
1,023,700

3% Euro Senior Notes due 2025 (the "Euro Notes")(1)(2)(4)
 
—

 
—

 
—

 
—

 
 
342,699



(4,625
)

338,074

 
345,338

53/8% Senior Notes due 2026 (the "53/8% Notes")(2)
 
250,000

 
(4,044
)
 
245,956

 
242,500

 
 
250,000



(3,830
)

246,170

 
263,150

Real Estate Mortgages, Capital Leases and Other
 
478,565

 
(1,277
)
 
477,288

 
478,565

 
 
533,433



(973
)

532,460

 
533,433

Accounts Receivable Securitization Program(5)
 
247,000

 
(384
)
 
246,616

 
247,000

 
 
250,000



(231
)

249,769

 
250,000

Mortgage Securitization Program
 
50,000

 
(1,405
)
 
48,595

 
50,000

 
 
50,000



(1,346
)

48,654

 
50,000

Total Long-term Debt
 
6,319,116

 
(67,935
)
 
6,251,181

 
 

 
 
6,518,173

—

(65,919
)
 
6,452,254

 
 
Less Current Portion
 
(172,975
)
 
—

 
(172,975
)
 
 

 
 
(423,500
)

231


(423,269
)
 
 

Long-term Debt, Net of Current Portion
 
$
6,146,141

 
$
(67,935
)
 
$
6,078,206

 
 

 
 
$
6,094,673



$
(65,688
)
 
$
6,028,985

 
 

______________________________________________________________
(1)
Collectively, the "Parent Notes".
(2)
Collectively, the "Unregistered Notes".
(3)
Collectively, the "CAD Notes".
(4)
The fair value (Level 1 of fair value hierarchy described in Note 2.s. to Notes to Consolidated Financial Statements included in our Annual Report) of the Euro Notes is based upon quoted market prices for the Euro Notes on June 30, 2017.
(5)
Because the Accounts Receivable Securitization Program terminates on March 6, 2018, at which point all obligations under the program become due, this debt is classified within the current portion of long-term debt in our Condensed Consolidated Balance Sheet as of June 30, 2017.
Schedule of Leverage and Fixed Charge Ratios
Our leverage and fixed charge coverage ratios under the Credit Agreement as of December 31, 2016 and June 30, 2017, respectively, and our leverage ratio under our indentures as of December 31, 2016 and June 30, 2017, respectively, are as follows:
 
December 31, 2016
 
June 30, 2017
 
Maximum/Minimum Allowable
Net total lease adjusted leverage ratio
5.7

 
5.8

 
Maximum allowable of 6.5
Net secured debt lease adjusted leverage ratio
2.7

 
2.5

 
Maximum allowable of 4.0
Bond leverage ratio (not lease adjusted)
5.2

 
5.6

 
Maximum allowable of 6.5
Fixed charge coverage ratio
2.4

 
2.2

 
Minimum allowable of 1.5