Debt (Tables)

12 Months Ended

Dec. 31, 2015

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

	2015			2014
5.50% senior notes due May 15, 2015	$	—		$	200.0
8.60% senior notes due August 15, 2016		219.6			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)		18.7			3.6
Unamortized debt issuance costs		(25.6	)		(30.5	)
Total debt		3,422.9			3,602.0
Less: current portion		(234.6	)		(203.4	)
Long-term debt	$	3,188.3		$	3,398.6

(a)

As of December 31, 2015 and 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. As a result of a ratings downgrade on February 2, 2016, the interest rate increased from 12.75% to 13.0% in February 2016.

(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.

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Future Maturities of Debt

At December 31, 2015, the future maturities of debt, including capitalized leases, were as follows:

	Amount
2016	$	234.8
2017		254.3
2018		250.2
2019		411.1
2020		350.0
2021 and thereafter		1,950.0
Total ^(a)	$	3,450.4

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(a)	Excludes unamortized debt issuance costs of $25.6 million, a discount of $2.6 million and an adjustment for fair value hedges of $0.7 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:

	2015			2014			2013
Interest incurred	$	285.2		$	294.6		$	276.0
Less: interest income		(5.3	)		(8.9	)		(11.5	)
Less: interest capitalized as property, plant and equipment		(3.9	)		(3.6	)		(3.1	)
Interest expense, net	$	276.0		$	282.1		$	261.4