LONG-TERM DEBT (Tables) |
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Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of long-term debt instruments | Long-Term Debt, net of discounts where applicable, is summarized as follows (in millions):
(1) The 3.25 percent, 4.0 percent and 7.875 percent convertible notes contain a put and call feature, which allows for earlier redemption beginning in 2025, 2019 and 2020, respectively. (2) The 6.75 percent and 6.25 percent notes contain a call option, which allows for early redemption. (3) The 3.25 percent convertible notes due 2037 are presented net of $8 million unamortized issuance costs as of September 30, 2017. (4) The 4.0 percent convertible notes due 2027 are presented net of unamortized issuance costs of an insignificant amount as of September 30, 2017 and $1 million as of September 30, 2016. (5) The 7.875 percent convertible notes due 2026 are presented net of unamortized issuance costs of an insignificant amount as of September 30, 2017 and $2 million as of September 30, 2016, respectively, and $1 million and $9 million original issuance discount as of September 30, 2017 and September 30, 2016. (6) The 6.75 percent notes due 2021 are presented net of $2 million and $4 million unamortized issuance costs as of September 30, 2017 and September 30, 2016. (7) The 6.25 percent notes due 2024 are presented net of $7 million and $8 million unamortized issuance costs as of September 30, 2017 and September 30, 2016. (8) The carrying amount of the equity component related to convertible debt. |
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Debt instrument redemption summary | On or after February 15, 2019, the company may redeem, at its option, from time to time, the 6.25 Percent Notes, in whole or in part, at the redemption prices (expressed as percentages of the principal amount of the 6.25 Percent Notes to be redeemed) set forth below, plus accrued and unpaid interest, if any, if redeemed during the 12-month period beginning on February 15 of the years indicated below:
On or after June 15, 2016, the company may redeem, at its option, from time to time, the 6.75 Percent Notes, in whole or in part, at the redemption prices (expressed as percentages of the principal amount of the 6.75 Percent Notes to be redeemed) set forth below, plus accrued and unpaid interest, if any, if redeemed during the 12-month period beginning on June 15 of the years indicated below:
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Schedule of principle and unamortized discount on convertible notes | The following table summarizes the principal amounts and related unamortized discount on all convertible notes (in millions):
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Summary of convertible notes | The following table summarizes other information related to the convertible notes:
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Schedule of interest costs on convertible notes | The following table summarizes interest costs recognized on convertible notes (in millions):
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Schedule of long-term debt maturities | As of September 30, 2017, the company is contractually obligated to make payments as follows (in millions):
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Future minimum lease payments for capital leases | As of September 30, 2017, the future minimum lease payments for noncancelable capital leases with initial terms in excess of one year were as follows:
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