XML 79 R41.htm IDEA: XBRL DOCUMENT v3.7.0.1
Indebtedness (Tables)
12 Months Ended
Dec. 31, 2016
Indebtedness [Abstract]  
Schedule of Debt

Total borrowings outstanding are summarized as follows (in millions):
 
 
 
 
 
December 31,
2016
 
December 31,
2015
 
June 27,
2015
Revolving credit agreements
 
 
 
 
 
 
 
 
2015 Revolver
$

 
$
380.0

 
$

 
2014 Revolver

 
300.0

 

 
Total revolving credit agreements

 
680.0

 

Term loans
 
 
 
 
 
 
 
*
2014 Term loan due December 5, 2019
420.7

 
488.8

 
530.5

Notes and bonds
 
 
 
 
 
 
 
 
Coupon
Due
 
 
 
 
 
 
 
 
1.300%
November 8, 2016
(2) 
 

 
500.0

 
500.0

*
4.500%
May 23, 2017
(3) 
 
189.3

 
195.5

 
201.0

*
5.125%
December 12, 2017
(3) 
 
315.6

 
325.8

 
335.0

 
2.300%
November 8, 2018
(2) 
 
600.0

 
600.0

 
600.0

*
5.000%
May 23, 2019
(3) 
 
126.2

 
130.3

 
134.1

 
3.500%
March 15, 2021
(4) 
 
500.0

 

 

 
3.500%
December 15, 2021
(1) 
 
500.0

 
500.0

 
500.0

*
5.105%
July 19, 2023
(3) 
 
142.0

 
146.7

 
150.8

 
4.000%
November 15, 2023
(2) 
 
800.0

 
800.0

 
800.0

 
3.900%
December 15, 2024
(1) 
 
700.0

 
700.0

 
700.0

 
4.375%
March 15, 2026
(4) 
 
700.0

 

 

 
5.300%
November 15, 2043
(2) 
 
400.0

 
400.0

 
400.0

 
4.900%
December 15, 2044
(1) 
 
400.0

 
400.0

 
400.0

 
Total notes and bonds
 
 
5,373.1

 
4,698.3

 
4,720.9

Other financing (restated)
3.6

 
128.2

 
101.7

Unamortized premium (discount), net
33.0

 
73.4

 
87.6

Deferred financing fees
(33.1
)
 
(36.6
)
 
(40.5
)
Total borrowings outstanding
5,797.3

 
6,032.1

 
5,400.2

 
Current indebtedness (restated)
(572.8
)
 
(1,060.5
)
 
(153.3
)
Total long-term debt less current portion
$
5,224.5

 
$
4,971.6

 
$
5,246.9


(1)
Discussed below collectively as the "2014 Notes."
(2)
Discussed below collectively as the "2013 Notes."
(3)
Debt assumed from Omega.
(4)
Discussed below collectively as the "2016 Notes."

*
Debt denominated in euros subject to fluctuations in the euro-to-U.S. dollar exchange rate.
Schedule of Extinguishment of Debt
As a result of the debt retirements, we recorded a loss of $165.8 million during the year ended June 28, 2014 (in millions):
Make-whole payments
 
$
133.5

Write-off of financing fees on Bridge Credit Agreements
 
19.0

Write-off of deferred financing fees
 
10.5

Write-off of unamortized discount
 
2.8

Total loss on extinguishment of debt
 
$
165.8

Schedule of Maturities of Short-term and Long-term Debt
The annual future maturities of our short-term and long-term debt, including capitalized leases, are as follows (in millions):
Payment Due
 
Amount
 
2017
 
$
559.0

 
2018
 
666.4

(1) 
2019
 
429.3

 
2020
 
0.6

 
2021
 
1,000.1

 
Thereafter
 
3,141.9