Fair Value Measurements and Other Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements

The following table details the fair value hierarchy of our financial instruments:

March 31, 2014	Total Fair Value			Level 1		Level 2			Level 3
Cash equivalents	$	19.9		$	—	$	19.9		$	—
Derivative financial instruments net asset (liability):
Interest rate swaps	$	0.6		$	—	$	0.6		$	—
Foreign currency forward contracts	$	(31.6	)	$	—	$	(31.6	)	$	—

December 31, 2013	Total Fair Value			Level 1		Level 2			Level 3
Cash equivalents	$	491.9		$	—	$	491.9		$	—
Derivative financial instruments net asset (liability):
Interest rate swaps	$	(1.0	)	$	—	$	(1.0	)	$	—
Foreign currency forward contracts	$	(40.0	)	$	—	$	(40.0	)	$	—

Carrying Amounts and Estimated Fair Values of Debt

The table below shows the carrying amounts and estimated fair values of our total debt:

	March 31, 2014				December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
12% Senior Notes due February 2014	$	—	$	—	$	150.3	$	150.6
Term Loan A Facility due October 2016(1)		636.6		636.6		684.5		684.5
Term Loan B Facility due October 2018(1)		682.4		682.4		681.6		681.6
8.125% Senior Notes due September 2019		750.0		838.4		750.0		841.4
6.50% Senior Notes due December 2020		425.0		469.1		424.1		456.7
8.375% Senior Notes due September 2021		750.0		863.3		750.0		853.1
5.25% Senior Notes due April 2023		425.0		429.3		425.0		414.7
6.875% Senior Notes due July 2033		448.6		453.7		448.6		431.2
Other foreign loans(1)		215.1		215.1		85.0		84.9
Other domestic loans(2)		473.4		473.4		0.4		0.4
Total debt	$	4,806.1	$	5,061.3	$	4,399.5	$	4,599.1

(1) Includes $129 million outstanding under our European accounts receivable securitization program.

(2) Includes $385 million outstanding under our revolving credit facility and $88 million outstanding under our U.S. accounts receivable securitization program.