Debt (Tables)

12 Months Ended

Dec. 31, 2017

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

	2017			2016
Borrowings under the credit facilities	$	216.0		$	185.0
11.25% senior notes due February 1, 2019 _(a)		172.2			172.2
7.625% senior notes due June 15, 2020		238.4			350.0
7.875% senior notes due March 15, 2021		447.2			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		290.6			350.0
6.00% senior notes due April 1, 2024		298.3			400.0
6.625% debentures due April 15, 2029		157.9			199.5
8.820% debentures due April 15, 2031		69.0			69.0
Other _(b)		10.8			8.5
Unamortized debt issuance costs		(11.6	)		(16.5	)
Total debt		2,109.7			2,387.4
Less: current portion		(10.8	)		(8.2	)
Long-term debt	$	2,098.9		$	2,379.2

(a)

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

(b)

Includes miscellaneous debt obligations and capital leases.

Future Maturities of Debt

At December 31, 2017, the future maturities of debt, including capitalized leases, were as follows:

	Amount
2018	$	10.8
2019		172.2
2020		238.4
2021		529.1
2022		356.0
2023 and thereafter		816.1
Total ^(a)	$	2,122.6

(a)

Excludes unamortized debt issuance costs of $11.6 million and $1.3 million of bond discount 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:

	2017			2016			2015
Interest incurred	$	185.0		$	206.1		$	211.6
Less: interest income		(2.8	)		(4.6	)		(3.7	)
Less: interest capitalized as property, plant and equipment		(2.6	)		(2.8	)		(3.8	)
Interest expense, net	$	179.6		$	198.7		$	204.1