Six Months Ended June 30,

(In millions)

2012

2011

Interest expense, net of interest capitalized

$

1,058.4

$

998.0

Adjustments to reconcile to cash paid for interest:

Net change in accruals

22.8

8.4

Amortization of deferred finance charges

(52.5

)

(37.8

)

Net amortization of discounts and premiums

(111.1

)

(78.1

)

Amortization of accumulated other comprehensive loss

(14.3

)

(19.9

)

Rollover of PIK interest to principal

(0.5

)

(0.6

)

Change in fair value of derivative instruments

(17.1

)

(10.0

)

Cash paid for interest

$

885.7

$

860.0

Cash payments/(refunds) of income taxes, net

$

9.4

$

(4.7

)