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Debt (Tables)
9 Months Ended
Sep. 30, 2015
Debt Disclosure [Abstract]  
Schedule of the Company's Debt

The Company’s debt at September 30, 2015 and December 31, 2014 consisted of the following:

 

 

 

September 30,

 

 

December 31,

 

 

 

2015

 

 

2014

 

Borrowings under the Credit Agreement

 

$

225.0

 

 

$

 

5.50% senior notes due May 15, 2015

 

 

 

 

 

200.0

 

8.60% senior notes due August 15, 2016

 

 

219.4

 

 

 

219.1

 

6.125% senior notes due January 15, 2017

 

 

251.2

 

 

 

251.0

 

7.25% senior notes due May 15, 2018

 

 

250.0

 

 

 

250.0

 

11.25% senior notes due February 1, 2019 (a)

 

 

172.2

 

 

 

172.2

 

8.25% senior notes due March 15, 2019

 

 

238.9

 

 

 

238.9

 

7.625% senior notes due June 15, 2020

 

 

350.0

 

 

 

350.0

 

7.875% senior notes due March 15, 2021

 

 

448.5

 

 

 

448.3

 

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

 

 

 

400.0

 

6.625% debentures due April 15, 2029

 

 

199.5

 

 

 

199.5

 

8.820% debentures due April 15, 2031

 

 

69.0

 

 

 

69.0

 

Other (b)

 

 

21.7

 

 

 

3.6

 

Total debt

 

 

3,676.3

 

 

 

3,632.5

 

Less: current portion

 

 

(460.2

)

 

 

(203.4

)

Long-term debt

 

$

3,216.1

 

 

$

3,429.1

 

 

(a)

As of September 30, 2015 and December 31, 2014, 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.