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Debt (Tables)
3 Months Ended
Mar. 31, 2014
Schedule of Debt

The Company’s debt at March 31, 2014 and December 31, 2013 consisted of the following:

 

 

March 31,
2014

 

  

December 31,
2013

 

Borrowings under the Credit Agreement

$

10.0

 

 

$

 

4.95% senior notes due April 1, 2014

 

258.2

 

  

 

258.2

  

5.50% senior notes due May 15, 2015

 

200.0

 

  

 

200.0

  

8.60% senior notes due August 15, 2016

 

218.8

 

  

 

218.7

  

6.125% senior notes due January 15, 2017

 

250.9

 

  

 

250.8

  

7.25% senior notes due May 15, 2018

 

250.0

 

  

 

350.0

  

11.25% debentures due February 1, 2019 (a)

 

172.2

 

  

 

172.2

  

8.25% senior notes due March 15, 2019

 

239.0

 

  

 

450.0

  

7.625% senior notes due June 15, 2020

 

350.0

 

  

 

400.0

  

7.875% senior notes due March 15, 2021

 

448.0

 

  

 

448.0

  

8.875% debentures due April 15, 2021

 

80.9

 

  

 

80.9

  

7.00% senior notes due February 15, 2022

 

400.0

 

 

 

400.0

 

6.50% senior notes due November 15, 2023

 

350.0

 

 

 

350.0

 

6.00% senior notes due April 1, 2024

 

400.0

 

 

 

 

6.625% debentures due April 15, 2029

 

199.4

 

  

 

199.4

  

8.820% debentures due April 15, 2031

 

69.0

 

  

 

69.0

  

Other (b)

 

9.1

 

  

 

10.7

  

Total debt

 

3,905.5

 

  

 

3,857.9

  

Less: current portion

 

(278.3

)

  

 

(270.9

)

Long-term debt

$

3,627.2

 

  

$

3,587.0

  

(a)

As of March 31, 2014 and December 31, 2013, the interest rate on the 11.25% senior notes due February 1, 2019 was 12.75% 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.