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Debt and Financing (Tables)
6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]
Our outstanding debt as of June 30, 2015 and December 31, 2014 consisted of the following:
As of June 30, 2015 (in millions)
Par Value
 
Discount
 
Book
Value
 
Stated
Interest Rate
 
Average Effective
Interest Rate
Term Loan
$
689.5

 
$
(5.0
)
 
$
684.5

 
8.3
%
 
8.5
%
ABL Facility(a)

 

 

 
N/A

 
N/A

Secured Second A&R CDA
45.0

 

 
45.0

 
3.3-18.3%

 
7.3
%
Unsecured Second A&R CDA
73.2

 

 
73.2

 
3.3-18.3%

 
7.3
%
Lease financing obligations
281.5

 

 
281.5

 
10.0-18.2%

 
12.0
%
Total debt
$
1,089.2

 
$
(5.0
)
 
$
1,084.2

 
 
 
 
Current maturities of Term Loan
(7.0
)
 

 
(7.0
)
 
 
 
 
Current maturities of lease financing obligations
(7.8
)
 

 
(7.8
)
 
 
 
 
Long-term debt
$
1,074.4

 
$
(5.0
)
 
$
1,069.4

 
 
 
 

(a) There were no amounts drawn on the ABL Facility at any time during the six months ended June 30, 2015.
As of December 31, 2014 (in millions)
Par Value
 
Discount
 
Book
Value
 
Stated
Interest Rate
 
Average Effective
Interest Rate
Term Loan
$
693.0

 
$
(5.7
)
 
$
687.3

 
8.3
%
 
8.5
%
ABL Facility(a)

 

 

 
N/A

 
N/A

Series B Notes
17.7

 
(0.6
)
 
17.1

 
10.0
%
 
25.6
%
Secured Second A&R CDA
47.0

 

 
47.0

 
3.3-18.3%

 
7.3
%
Unsecured Second A&R CDA
73.2

 

 
73.2

 
3.3-18.3%

 
7.3
%
Lease financing obligations
285.1

 

 
285.1

 
10.0-18.2%

 
12.0
%
Other
0.2

 

 
0.2

 
 
 
 
Total debt
$
1,116.2

 
$
(6.3
)
 
$
1,109.9

 
 
 
 
Current maturities of Term Loan
(7.0
)
 

 
(7.0
)
 
 
 
 
Current maturities of Series B Notes
(17.7
)
 
0.6

 
(17.1
)
 
 
 
 
Current maturities of lease financing obligations
(6.8
)
 

 
(6.8
)
 
 
 
 
Current maturities of other
(0.2
)
 

 
(0.2
)
 
 
 
 
Long-term debt
$
1,084.5

 
$
(5.7
)
 
$
1,078.8

 
 
 
 

(a) There were no amounts drawn on the ABL Facility at any time during the twelve months ended December 31, 2014.
Schedule of Maximum Total Leverage Ratio for Remaining Test Periods [Table Text Block]
Our total maximum leverage ratio covenants are as follows:
Four Consecutive Fiscal Quarters Ending
Maximum Total
Leverage Ratio
 
Four Consecutive Fiscal Quarters Ending
Maximum Total
Leverage Ratio
June 30, 2015
4.75 to 1.00
 
December 31, 2016
3.50 to 1.00
September 30, 2015
4.50 to 1.00
 
March 31, 2017
3.25 to 1.00
December 31, 2015
4.25 to 1.00
 
June 30, 2017
3.25 to 1.00
March 31, 2016
4.00 to 1.00
 
September 30, 2017
3.25 to 1.00
June 30, 2016
3.75 to 1.00
 
December 31, 2017 and thereafter
3.00 to 1.00
September 30, 2016
3.75 to 1.00
 
 
 
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]
The carrying amounts and estimated fair values of our long-term debt, including current maturities and other financial instruments, are summarized as follows:
 
 
June 30, 2015
 
December 31, 2014
(in millions)
Carrying amount
 
Fair value
 
Carrying amount
 
Fair value
Term Loan
$
684.5

 
$
674.0

 
$
687.3

 
$
685.4

Series B Notes

 

 
17.1

 
17.7

Lease financing obligations
281.5

 
288.5

 
285.1

 
282.2

Other
118.2

 
115.5

 
120.4

 
119.1

Total debt
$
1,084.2

 
$
1,078.0

 
$
1,109.9

 
$
1,104.4