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Unusual Items
12 Months Ended
Dec. 31, 2016
Unusual or Infrequent Items, or Both [Abstract]  
Unusual Items
Unusual Items
Total unusual items expense, a component of other expense, net in the consolidated statements of operations:
 
Year Ended
 
One month ended
 
December 31,
 
November 30,
 
November 30,
 
December 31,
 
2016
 
2015
 
2014
 
2015
 
(In millions)
Aerospace and Defense:
 
 
 
 
 
 
 
        Loss on legal matters and settlements
$

 
$
50.0

 
$
0.9

 
$
0.4

        Aerospace and defense unusual items

 
50.0

 
0.9

 
0.4

Corporate:
 
 
 
 
 
 
 
        Loss on debt repurchased\redeemed
34.4

 
1.9

 
60.6

 

        Loss on bank amendment
0.1

 

 
0.2

 

        Corporate unusual items
34.5

 
1.9

 
60.8

 

            Total unusual items
$
34.5

 
$
51.9

 
$
61.7

 
$
0.4


Fiscal 2016 Activity:
On July 18, 2016, the Company redeemed $460.0 million principal amount of its 7 1/8% Notes, representing all of the outstanding 7 1/8% Notes, at a redemption price equal to 105.344% of the principal amount, plus accrued and unpaid interest. The Company incurred a pre-tax charge of $34.1 million in the third quarter of fiscal 2016 associated with the extinguishment of the 7 1/8% Notes. The $34.1 million pre-tax charge was the result of the $24.6 million paid in excess of the par value and $9.5 million associated with the write-off of unamortized deferred financing costs. The Company funded the redemption in part through a $400.0 million term loan under the Company's Senior Credit Facility (see Note 5).
The Company retired $13.0 million principal amount of its delayed draw term loan resulting in a loss of $0.3 million.
The Company recorded a charge of $0.1 million associated with an amendment to the Senior Credit Facility.
Fiscal 2015 Activity:
The Company recorded an expense of $50.0 million associated with a legal settlement.
The Company retired $76.0 million principal amount of its delayed draw term loan resulting in $1.9 million of losses associated with the write-off of deferred financing fees.
Fiscal 2014 Activity:
The Company recorded $0.9 million for realized losses and interest associated with the failure to register with the SEC the issuance of certain of the Company’s common shares under the defined contribution 401(k) employee benefit plan.
A summary of the Company’s loss on the 4 1/16% Debentures repurchased (in millions):
Principal amount repurchased
$
59.6

Cash repurchase price
(119.9
)
Write-off of deferred financing costs
(0.3
)
Loss on 4 1/16% Debentures repurchased
$
(60.6
)

The Company recorded a charge of $0.2 million related to an amendment to the Senior Credit Facility.
December 2015 Activity:
The Company recorded $0.4 million for realized losses and interest associated with the failure to register with the SEC the issuance of certain of the Company’s common shares under the defined contribution 401(k) employee benefit plan.