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Debt (Tables)
3 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
Schedule of the Company's Debt

The Company’s debt at March 31, 2017 and December 31, 2016 consisted of the following:

 

 

 

 

March 31,

 

 

December 31,

 

 

 

2017

 

 

2016

 

Borrowings under the Credit Agreement

 

$

40.0

 

 

$

185.0

 

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

 

 

172.2

 

 

 

172.2

 

7.625% senior notes due June 15, 2020

 

 

350.0

 

 

 

350.0

 

7.875% senior notes due March 15, 2021

 

 

448.9

 

 

 

448.8

 

8.875% debentures due April 15, 2021

 

 

80.9

 

 

 

80.9

 

7.00% senior notes due February 15, 2022

 

 

140.0

 

 

 

140.0

 

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)

 

 

12.6

 

 

 

8.5

 

Unamortized debt issuance costs

 

 

(15.8

)

 

 

(16.5

)

Total debt

 

 

2,247.3

 

 

 

2,387.4

 

Less: current portion

 

 

(12.4

)

 

 

(8.2

)

Long-term debt

 

$

2,234.9

 

 

$

2,379.2

 

 

(a)

As of March 31, 2017 and December 31, 2016, the interest rate on the 11.25% senior notes due February 1, 2019 was 13.25%, the maximum rate on these notes, as a result of ratings downgrades.

(b)

Includes miscellaneous debt obligations and capital leases.