Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt at December 31, 2021 and 2020 consisted of the following:

	2021			2020
Borrowings under the ABL Credit Facility	$	32.0		$	—
8.875% debentures due April 15, 2021		—			55.6
7.000% notes due February 15, 2022		—			79.3
6.500% notes due November 15, 2023		75.0			75.0
Term Loan due January 15, 2024 ^(a)		149.4			535.8
6.000% notes due April 1, 2024		61.7			61.7
6.125% notes due November 1, 2026		451.0			—
8.250% notes due July 1, 2027		245.8			245.8
6.625% debentures due April 15, 2029		103.4			103.4
8.500% notes due April 15, 2029		303.5			301.6
8.820% debentures due April 15, 2031		54.5			54.5
Unamortized debt issuance costs		(10.0	)		(9.6	)
Total debt		1,466.3			1,503.1
Less: current portion					61.1
Long-term debt	$	1,466.3		$	1,442.0

(a)

As of December 31, 2021 and 2020, the interest rate on the Term Loan due January 15, 2024 was 5.10% and 5.15%, respectively.

At December 31, 2021, the future maturities of debt were as follows:

(a)	Excludes unamortized debt issuance costs of $10.0 million and $13.7 million of bond discount which do not represent contractual commitments with a fixed amount or maturity date.

The following table summarizes interest expense included in the Consolidated Statements of Operations:

	2021		2020		2019
Interest incurred	$	130.9	$	138.6	$	155.7
Less: interest income		1.5		1.5		2.7
Less: interest capitalized as property, plant and equipment		1.8		2.0		2.4
Interest expense, net	$	127.6	$	135.1	$	150.6