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Derivative Instruments (Tables)
3 Months Ended
Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Values of Derivative Instruments
As of March 31, 2014 and December 31, 2013, none of our derivative instruments were designated as accounting hedges.
Fair Value of Derivative Instruments
(In millions)
 
 
 
Asset Derivatives
 
Liability Derivatives
  
 
 
 
Fair Value
 
Fair Value
Derivatives instruments
 
Balance Sheet
Location
 
March 31, 2014
 
December 31, 2013
 
March 31, 2014
 
December 31, 2013
Interest rate swaps
 
Accrued expenses and other current liabilities
 
$

 
$

 
$
(130.8
)
 
$

Interest rate swaps
 
Deferred credits and other
 

 

 

 
(165.9
)
Interest rate caps
 
Deferred charges and other
 
*

 
*

 

 

Total
 
 
 
$

 
$

 
$
(130.8
)
 
$
(165.9
)

___________________ 
*
Amount rounds to zero.
Effect of Derivative Instruments in Consolidated Statements of Comprehensive Loss
Effect of Derivative Instruments on Net Loss and Comprehensive Loss
(In millions)
 
 
Three Months Ended
March 31,
Derivatives designated as hedging instruments
 
Location of Loss Recognized in Net Loss
2014
 
2013
Amount of loss reclassified from AOCL into net loss (effective portion)
 
Interest expense
$

 
$
3.9

Effect of Non-designated Derivative Instruments on Net Loss
(In millions)
 
 
Three Months Ended
March 31,
Derivatives not designated as hedging instruments
 
Location of Loss Recognized in Net Loss
2014
 
2013
Net periodic cash settlements and accrued interest (1)
 
Interest expense
$
43.4

 
$
42.2

Total expense related to derivatives
 
Interest expense
8.4

 
21.2