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FINANCIAL INSTRUMENTS: (Tables)
6 Months Ended
Jun. 30, 2014
FINANCIAL INSTRUMENTS:  
Schedule of carrying amount and estimated fair values of the Company's financial instruments

Consequently, such financial instruments are not included in the following table that provides information about the carrying amounts and estimated fair values of other financial instruments that are not measured at fair value in the condensed consolidated balance sheet as of June 30, 2014 and December 31, 2013 (in millions):

 

 

 

As of June 30, 2014

 

As of December 31, 2013

 

 

 

Carrying Value

 

Fair Value

 

Carrying Value

 

Fair Value

 

Liabilities:

 

 

 

 

 

 

 

 

 

Long-term debt

 

$

4,205.5

 

$

4,495.3

 

$

4,204.9

 

$

4,088.8

 

Schedule of fair values of assets and liabilities measured at fair value on a recurring basis

 

 

Fair Value at Measurement Date Using:

 

Fair Value at Measurement Date Using:

 

 

 

Fair Value
as of

June 30,

 

Quoted prices
in active
markets for
identical
assets

 

Significant
other
observable
inputs

 

Significant
unobservable
inputs

 

Fair Value
as of

December

 

Quoted prices
in active
markets for
identical assets

 

Significant
other
observable
inputs

 

Significant
unobservable
inputs

 

Description

 

2014

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

31, 2013

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short term investment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

- Trading securities

 

$

284.4

 

$

284.4

 

 

 

 

 

$

202.6

 

$

202.6

 

 

 

 

 

- Available for sale debt securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

0.4

 

 

 

$

0.4

 

 

 

0.4

 

 

 

$

0.4

 

 

 

Asset backed obligations

 

0.1

 

 

 

0.1

 

 

 

0.1

 

 

 

0.1

 

 

 

Mortgage backed securities

 

5.0

 

 

 

5.0

 

 

 

5.2

 

 

 

5.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

- Derivatives — Not classified as hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provisionally priced sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Copper

 

99.7

 

99.7

 

 

 

 

 

53.9

 

53.9

 

 

 

 

 

Molybdenum

 

113.4

 

113.4

 

 

 

100.2

 

100.2

 

 

 

Total

 

$

503.0

 

$

497.5

 

$

5.5

 

$

 

$

362.4

 

$

356.7

 

$

5.7

 

$