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Long-Term Debt (Summary of Long-Term Debt) (Details) (USD $)
1 Months Ended 6 Months Ended 6 Months Ended
May 31, 2011
Jun. 30, 2011
Dec. 31, 2010
Jun. 30, 2011
Interest Rate Swap [Member]
Senior Notes, 2018 [Member]
Jun. 30, 2011
Euro Tranche A [Member]
Dec. 31, 2010
Euro Tranche A [Member]
Jun. 30, 2011
U.S. Tranche B [Member]
Dec. 31, 2010
U.S. Tranche B [Member]
Jun. 30, 2011
Euro Tranche B [Member]
Dec. 31, 2010
Euro Tranche B [Member]
Jun. 30, 2011
Senior Notes and Senior Convertible Notes [Member]
Dec. 31, 2010
Senior Notes and Senior Convertible Notes [Member]
Jun. 30, 2011
Cash Convertible Notes [Member]
Dec. 31, 2010
Cash Convertible Notes [Member]
Sep. 15, 2008
Cash Convertible Notes [Member]
Jun. 30, 2011
Senior Notes, 2017 [Member]
Dec. 31, 2010
Senior Notes, 2017 [Member]
Jun. 30, 2011
Senior Notes, 2018 [Member]
Dec. 31, 2010
Senior Notes, 2018 [Member]
Jun. 30, 2011
Senior Notes, 2020 [Member]
Dec. 31, 2010
Senior Notes, 2020 [Member]
Jun. 30, 2011
Other Long-Term Debt [Member]
Dec. 31, 2010
Other Long-Term Debt [Member]
Long term debt   $ 5,480,717,000 $ 5,268,185,000   $ 254,401,000 [1] $ 234,550,000 [1] $ 500,000,000 [1] $ 500,000,000 [1] $ 731,808,000 [1] $ 674,705,000 [1] $ 579,393,000 [2] $ 565,476,000 [2] $ 1,047,627,000 [3] $ 928,344,000 [3]   $ 550,000,000 $ 550,000,000 $ 793,162,000 [4] $ 787,728,000 [4] $ 1,015,244,000 [5] $ 1,015,848,000 [5] $ 9,082,000 $ 11,534,000
Less: Current portion   651,616,000 4,809,000                                        
Total long-term debt   4,829,101,000 5,263,376,000                                        
Discount on debt                     20,600,000 34,500,000 108,800,000 119,100,000       11,600,000 12,300,000        
Debt instrument face amount per notes                     1,000   1,000                    
Debt instrument convertible conversion ratio                     42.156   75.0751                    
Face amount of debt       500,000,000                 575,000,000 575,000,000 575,000,000                
Debt                         466,200,000 455,900,000                  
Convertible debt instrument, carrying amount of the equity component                         581,400,000 472,400,000                  
Convertible debt instrument, fair value of associated derivative transaction                         581,400,000 472,400,000                  
Conversion price of notes                     $ 23.72   $ 13.32                    
Ratio of observed share price to conversion reference price                         130.00%                    
Variable interest rate of debt                                   3.22%          
Mark to market adjustments                                   793,200,000          
Premium on debt                                       15,200,000 15,800,000    
Senior credit agreement 50,000,000                                            
Senior credit agreement, increase amount $ 300,000,000                                            
[1] All 2011 mandatory principal payments due under the Senior Credit Agreement were prepaid during 2009. In May 2011, the Senior Credit Agreement was amended to increase the minimum amount of other restricted payments permitted under the Senior Credit Agreement from $50 million to $300 million.
[2] At June 30, 2011, the $579.4 million of debt is net of a $20.6 million discount. At December 31, 2010, the $565.5 million of debt is net of a $34.5 million discount. Currently, the effective conversion rate for the Senior Convertible Notes is 42.156 shares of common stock per $1,000 principal amount of notes, representing a stock price of $23.72 per share, reflecting the Company's suspension of its cash dividend. As these notes are due in March 2012, this amount is now classified as a current portion of long-term debt.
[3] At June 30, 2011, the $1.05 billion consists of $466.2 million of debt ($575.0 million face amount, net of $108.8 million discount) and the bifurcated conversion feature with a fair value of $581.4 million recorded as a liability within long-term debt in the Condensed Consolidated Balance Sheet at June 30, 2011. Additionally, the Company has purchased call options, which are recorded as assets at their fair value of $581.4 million within other assets in the Condensed Consolidated Balance Sheet at June 30, 2011. At December 31, 2010, the $928.3 million consisted of $455.9 million of debt ($575.0 million face amount, net of $119.1 million discount) and the bifurcated conversion feature with a fair value of $472.4 million recorded as a liability within other long-term obligations in the Condensed Consolidated Balance Sheet. The purchased call options are assets recorded at their fair value of $472.4 million within other assets in the Condensed Consolidated Balance Sheet at December 31, 2010. As of June 30, 2011, because the closing price of Mylan's common stock for at least 20 trading days in the period of 30 consecutive trading days ending on the last trading day in the June 30, 2011 period, was more than 130% of the applicable conversion reference price of $13.32 at June 30, 2011, the $575.0 million of Cash Convertible Notes were currently convertible. Although the Company's experience is that convertible debentures are not normally converted by investors until close to their maturity date, it is possible that debentures could be converted prior to their maturity date if, for example, a holder perceives the market for the debentures to be weaker than the market for the common stock. Upon an investor's election to convert, the Company is required to pay the full conversion value in cash. Should holders elect to convert, the Company intends to draw on its revolving credit facility to fund any principal payments. The amount payable per $1,000 notional bond would be calculated as the product of (1) the conversion reference rate (currently 75.0751) and (2) the average Daily Volume Weighted Average Price per share of common stock for a specified period following the conversion date. Any payment above the principal amount is matched by a convertible note hedge.
[4] At June 30, 2011, the $793.2 million of debt is net of a $11.6 million discount. At December 31, 2010, the $787.7 million of debt is net of a $12.3 million discount. In 2011, the Company entered into interest rate swaps which convert $500.0 million of principal debt to a variable rate. The variable rate is 3.22% at June 30, 2011. The $793.2 million of debt includes a mark to market adjustment of $4.8 million associated with these interest rate swaps.
[5] At June 30, 2011, the $1.02 billion of debt includes a $15.2 million premium. At December 31, 2010, the $1.02 billion of debt includes a $15.8 million premium.