XML 56 R42.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value of Financial Instruments [Abstract]  
Schedule of Estimated Fair Value of Financial Instruments, by Balance Sheet Grouping



 

 

 

 

 

 

 

 

 

 

 



December 31, 2018

 

December 31, 2017



Carrying

 

Estimated Fair

 

Carrying

 

Estimated Fair

 

Amount

 

Value

 

Amount

 

Value

Assets:

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

196 

 

$

196 

 

$

563 

 

$

563 

Investments in equity securities

 

137 

 

 

137 

 

 

 -

 

 

 -

Available-for-sale securities

 

93 

 

 

93 

 

 

252 

 

 

252 

Trading securities

 

11 

 

 

11 

 

 

37 

 

 

37 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

Contingent Value Right

 

 -

 

 

 -

 

 

 

 

Credit Facility

 

1,602 

 

 

1,564 

 

 

2,902 

 

 

2,826 

8% Senior Notes due 2019

 

155 

 

 

146 

 

 

1,922 

 

 

1,637 

7⅛% Senior Notes due 2020

 

121 

 

 

100 

 

 

1,192 

 

 

897 

5⅛% Senior Secured Notes due 2021

 

984 

 

 

934 

 

 

978 

 

 

902 

6⅞% Senior Notes due 2022

 

2,593 

 

 

1,175 

 

 

2,943 

 

 

1,729 

6¼% Senior Secured Notes due 2023

 

3,067 

 

 

2,819 

 

 

3,061 

 

 

2,800 

Junior-Priority Secured Notes due 2023

 

1,750 

 

 

1,380 

 

 

 -

 

 

 -

Junior-Priority Secured Notes due 2024

 

1,338 

 

 

976 

 

 

 -

 

 

 -

8⅝% Secured Notes due 2024

 

1,021 

 

 

1,025 

 

 

 -

 

 

 -

ABL Facility and other debt

 

734 

 

 

734 

 

 

611 

 

 

611 



Schedule of Interest Rate Swaps



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Asset (Liability)

 



 

Notional Amount

 

 

 

 

 

 

Fair Value

 

Swap #

 

(in millions)

 

Fixed Interest Rate

 

Termination Date

 

(in millions)

 

1

 

$

200 

 

2.515 

%

 

August 30, 2019

 

$

 -

 

2

 

 

200 

 

2.613 

%

 

August 30, 2019

 

 

 -

 

3

 

 

300 

 

2.738 

%

 

August 30, 2020

 

 

(1)

 

4

 

 

300 

 

2.892 

%

 

August 30, 2020

 

 

(1)

 

5

 

 

300 

 

2.363 

%

 

January 27, 2021

 

 

 

6

 

 

200 

 

2.368 

%

 

January 27, 2021

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



Schedule of Pre-tax Gain (Loss) Recognized as a Component of Other Comprehensive Income



 

 

 

 

 

 

 

 



Amount of Pre-Tax Gain (Loss)



Recognized in OCI (Effective Portion)

Derivatives in Cash Flow Hedging

Year Ended December 31,

Relationships

2018

 

2017

 

2016

Interest rate swaps

$

17 

 

$

 

$

(27)



Schedule of Effective Portion of the Pre-tax Loss Reclassified from AOCL into Interest Expense on the Consolidated Statements of Income



 

 

 

 

 

 

 

 



Amount of Pre-Tax Loss Reclassified



from AOCL into Income (Effective Portion)

Location of Loss Reclassified from

Year Ended December 31,

AOCL into Income (Effective Portion)

2018

 

2017

 

2016

Interest expense, net

$

 

$

30 

 

$

54 



Schedule of the Fair Value of Derivative Instruments in the Consolidated Balance Sheet



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Asset Derivatives

 

 

Liability Derivatives



 

December 31, 2018

 

December 31, 2017

 

 

December 31, 2018

 

December 31, 2017



 

Balance

 

 

 

 

Balance

 

 

 

 

 

Balance

 

 

 

 

Balance

 

 

 



 

Sheet

 

 

 

 

Sheet

 

 

 

 

 

Sheet

 

 

 

 

Sheet

 

 

 



 

Location

 

 

Fair Value

 

Location

 

 

Fair Value

 

 

Location

 

 

Fair Value

 

Location

 

 

Fair Value

Derivatives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

designated as

 

Other

 

 

 

 

Other

 

 

 

 

 

Other

 

 

 

 

Other

 

 

 

hedging

 

assets,

 

 

 

 

assets,

 

 

 

 

 

long-term

 

 

 

 

long-term

 

 

 

instruments

 

net

 

$

 

net

 

$

 

 

liabilities

 

$

 

liabilities

 

$

18