Debt (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Debt

The Company’s debt at December 31, 2013 and 2012 consisted of the following:

	2013			2012
4.95% senior notes due April 1, 2014	$	258.2		$	258.1
5.50% senior notes due May 15, 2015		200.0			299.9
8.60% senior notes due August 15, 2016		218.7			347.4
6.125% senior notes due January 15, 2017		250.8			523.3
7.25% senior notes due May 15, 2018		350.0			600.0
11.25% senior notes due February 1, 2019(a)		172.2			172.2
8.25% senior notes due March 15, 2019		450.0			450.0
7.625% senior notes due June 15, 2020		400.0			400.0
7.875% senior notes due March 15, 2021		448.0			—
8.875% debentures due April 15, 2021		80.9			80.9
7.00% senior notes due February 15, 2022		400.0			—
6.50% senior notes due November 15, 2023		350.0			—
6.625% debentures due April 15, 2029		199.4			199.4
8.820% debentures due April 15, 2031		69.0			69.0
Other(b)		10.7			38.4
Total debt		3,857.9			3,438.6
Less: current portion		(270.9	)		(18.4	)
Long-term debt	$	3,587.0		$	3,420.2

(a) As of December 31, 2013 and 2012, the interest rate on the 11.25% senior notes due February 1, 2019 was 12.75% and 12.50%, respectively, as a result of downgrades in the ratings of the notes by the rating agencies.

(b) Includes miscellaneous debt obligations, fair value adjustments to the 4.95% senior notes due April 1, 2014 and 8.25% senior notes due March 15, 2019 related to the Company’s fair value hedges and capital leases.

________

Future Maturities of Debt

At December, 31, 2013, the future maturities of debt, including capitalized leases, were as follows:

	Amount
2014	$	269.7
2015		204.0
2016		220.4
2017		251.5
2018		350.0
2019 and thereafter		2,572.1
Total(a)	$	3,867.7

— Excludes a discount of $4.6 million and an adjustment for fair value hedges of $5.2 million related to the Company’s 4.95% senior notes due April 1, 2014 and 8.25% senior notes due March 15, 2019, which do not represent contractual commitments with a fixed amount or maturity date.

Summary Of Interest Expense

The following table summarizes interest expense included in the Consolidated Statements of Operations:

	2013			2012			2011
Interest incurred	$	276.0		$	271.1		$	259.8
Less: interest income		(11.5	)		(15.2	)		(13.6	)
Less: interest capitalized as property, plant and equipment		(3.1	)		(4.1	)		(2.9	)
Interest expense, net	$	261.4		$	251.8		$	243.3