Debt (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Schedule of the Company's Debt

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

	2014			2013
4.95% senior notes due April 1, 2014	$	—		$	258.2
5.50% senior notes due May 15, 2015		200.0			200.0
8.60% senior notes due August 15, 2016		219.1			218.7
6.125% senior notes due January 15, 2017		251.0			250.8
7.25% senior notes due May 15, 2018		250.0			350.0
11.25% senior notes due February 1, 2019 (a)		172.2			172.2
8.25% senior notes due March 15, 2019		238.9			450.0
7.625% senior notes due June 15, 2020		350.0			400.0
7.875% senior notes due March 15, 2021		448.3			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		199.5			199.4
8.820% debentures due April 15, 2031		69.0			69.0
Other (b)		3.6			10.7
Total debt		3,632.5			3,857.9
Less: current portion		(203.4	)		(270.9	)
Long-term debt	$	3,429.1		$	3,587.0

(a) As of December 31, 2014 and 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 fair value adjustments to the 8.25% senior notes due March 15, 2019 related to the Company’s fair value hedges, miscellaneous debt obligations and capital leases.

________

Future Maturities of Debt

At December, 31, 2014, the future maturities of debt, including capitalized leases, were as follows:

	Amount
2015	$	203.5
2016		220.7
2017		251.5
2018		250.0
2019		411.1
2020 and thereafter		2,300.0
Total (a)	$	3,636.8

· Excludes a discount of $3.5 million and an adjustment for fair value hedges of $0.8 million related to the Company’s 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:

	2014			2013			2012
Interest incurred	$	294.6		$	276.0		$	271.1
Less: interest income		(8.9	)		(11.5	)		(15.2	)
Less: interest capitalized as property, plant and equipment		(3.6	)		(3.1	)		(4.1	)
Interest expense, net	$	282.1		$	261.4		$	251.8