Debt (Tables)

9 Months Ended

Sep. 30, 2012

Debt Disclosure [Abstract]

Summary Of Long-Term Debt

A summary of long-term debt is as follows:

(In thousands)	September 30, 2012		December 31, 2011
U.S. Term Loans	$	1,179,688	$	1,250,000
Revolving Facility	340,000		—
Cash Convertible Notes	1,019,108		937,160
Senior Convertible Notes	—		593,983
2017 Senior Notes	550,000		550,000
2018 Senior Notes	836,657		818,774
2020 Senior Notes	1,013,697		1,014,643
Other	2,614		3,666
	4,941,764		5,168,226
Less: Current portion	95,169		689,146
Total long-term debt	$	4,846,595	$	4,479,080

Interest Rates On Outstanding Borrowings Under Term Loans

Details of the interest rates in effect at September 30, 2012 and December 31, 2011 on the outstanding borrowings under the U.S. Term Loans are in the table below:

	September 30, 2012
	Outstanding		Basis	Rate
	(In thousands)
U.S. Term Loans:
Swapped to Fixed Rate — January 2014 (1)	$	500,000	Fixed	2.60	%
Swapped to Fixed Rate — March 2014 (1)	350,000		Fixed	2.45	%
Floating Rate	329,688		LIBOR + 2.00%	2.22	%
Total U.S. Term Loans	$	1,179,688

	December 31, 2011
	Outstanding		Basis	Rate
	(In thousands)
U.S. Term Loans	$	1,250,000	LIBOR + 2.00%	2.34	%

____________

⁽¹⁾  Effective January 2012, $500 million of the U.S. Term Loans have been swapped to a fixed rate of 0.60% plus the specified spread under the Senior Credit Agreement, through January 2014. Effective March 2012, an additional $350 million of the U.S. Term Loans have been swapped to a fixed rate of 0.45% plus the specified spread under the Senior Credit Agreement, through March 2014. Effective June 2012, $750 million of the currently effective swaps have been extended to maturities ranging from March 2016 to November 2016, thereby fixing a rate of 0.91% plus the specified spread on the underlying U.S. Term Loans, for the extension period. As of September 30, 2012, the specified spread under the Senior Credit Agreement was 200 basis points. These swaps have been designated as cash flow hedges of the variability in interest expense related to our variable rate debt.

Minimum Repayments On Outstanding Borrowings Under Term Loans And Convertible Notes Excluding Discounts, Premium And Conversion Features

Mandatory minimum repayments remaining on the outstanding borrowings under the term loans and notes at September 30, 2012, at notional amounts, are as follows for each of the periods ending December 31:

(In thousands)	U.S. Term Loans		Cash Convertible Notes		2017 Senior Notes		2018 Senior Notes		2020 Senior Notes		Revolving Facility		Total
2012	$	23,438	$	—	$	—	$	—	$	—	$	—	$	23,438
2013	93,750		—		—		—		—		—		93,750
2014	125,000		—		—		—		—		—		125,000
2015	187,500		575,000		—		—		—		—		762,500
2016	750,000		—		—		—		—		340,000		1,090,000
Thereafter	—		—		550,000		800,000		1,000,000		—		2,350,000
Total	$	1,179,688	$	575,000	$	550,000	$	800,000	$	1,000,000	$	340,000	$	4,444,688