Debt (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Components of Debt

Our total debt as of December 31, 2016 and January 2, 2016 was as follows:

	December 31, 2016						January 2, 2016
			Unamortized						Unamortized
			Debt Issuance						Debt Issuance
(in millions of U.S. dollars)	Principal		Costs		Net		Principal		Costs		Net
6.750% senior notes due in 2020	$	625.0		9.3	$	615.7	$	625.0	$	12.0	$	613.0
10.000% senior notes due in 2021 1		384.2		—		384.2		390.1		—		390.1
5.375% senior notes due in 2022		525.0		7.1		517.9		525.0		8.2		516.8
5.500% senior notes due in 2024		474.1		9.8		464.3		—		—		—
ABL facility		207.0		—		207.0		122.0		—		122.0
GE Term Loan		4.3		0.2		4.1		6.4		0.4		6.0
Capital leases and other debt financing		7.5		—		7.5		2.9		—		2.9
Total debt		2,227.1		26.4		2,200.7		1,671.4		20.6		1,650.8
Less: Short-term borrowings and current debt:
ABL facility		207.0		—		207.0		122.0		—		122.0
Total short-term borrowings		207.0		—		207.0		122.0		—		122.0
GE Term Loan—current maturities		2.3		—		2.3		2.2		—		2.2
Capital leases and other debt financing—current maturities		3.4		—		3.4		1.2		—		1.2
Total current debt		212.7		—		212.7		125.4		—		125.4
Total long-term debt	$	2,014.4	$	26.4	$	1,988.0	$	1,546.0	$	20.6	$	1,525.4

^1.  The outstanding aggregate principal amount of the DSS Notes of $350.0 million was assumed by Cott at fair value of $406.0 million in connection with the DSS Acquisition. The premium of $56.0 million is being amortized as an adjustment to interest expense using the effective interest method over the remaining contractual term of the DSS Notes. The effective interest rate is 7.515%. The remaining unamortized premium is $34.2 million and $40.1 million at December 31, 2016 and January 2, 2016, respectively

Schedule of Long Term Debt Payments in Each of Next Five Years and Thereafter

The long-term debt payments (which include current maturities of long-term debt) required in each of the next five years and thereafter are as follows:

(in millions of U.S. dollars)	Long Term Debt (incl. current)
2017	$	212.7
2018		3.6
2019		1.4
2020		625.7
2021		350.1
Thereafter		999.4
	$	2,192.9