XML 35 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Financing Arrangements (Tables)
9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Schedule of long-term debt
Long-term debt consists of the following:

 
 
 
 
 
 
 
 
Carrying Value at
 
 
Issuance Date
 
Maturity Date
 
Interest Rate at
September 30, 2016
 
September 30, 2016
 
December 31, 2015
 
 
 
 
 
 
 
 
(In millions)
Senior Notes
 
April 1, 2011

 
April 1, 2021
 
8.125
%
 
$
250.0

 
$
250.0

Revolving credit facility
 

 
July 31, 2019
 
2.56
%
 
151.6

 
169.0

Term Loan
 

 
July 31, 2019
 
2.69
%
 
24.5

 
27.9

Other, including capital leases
 
Various

 
Various
 
Various

 
26.4

 
21.2

Less current maturities
 
 
 
 
 
 
 
(20.5
)
 
(17.8
)
Less unamortized debt issuance costs
(1) 
 
 
 
 
 
 
(3.9
)
 
(4.5
)
Total long-term debt, net
 
 
 
 
 
 
 
$
428.1

 
$
445.8

(1) Prior to the adoption of ASU 2015-03 in Q1 2016, debt issuance costs of $4.5 million at December 31, 2015 were reflected in the consolidated balance sheet in other long-term assets. Such amount was reclassified to long-term debt for comparative purposes.
Fair value of debt
The following table represents fair value information of the senior notes, classified as Level 1 using estimated quoted market prices.

 
September 30, 2016
 
December 31, 2015
 
(In millions)
Carrying amount
$
250.0

 
$
250.0

Fair value
$
258.1

 
$
263.4