Fair Value Measurements and Other Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value Hierarchy of Financial Instruments

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

June 30, 2014	Total Fair Value			Level 1		Level 2			Level 3
Cash equivalents	$	59.5		$	—	$	59.5		$	—
Derivative financial instruments net asset (liability):
Interest rate swaps	$	1.5		$	—	$	1.5		$	—
Foreign currency forward contracts	$	(36.5	)	$	—	$	(36.5	)	$	—

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:

	June 30, 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		638.5		638.5		684.5		684.5
Term Loan B Facility due October 2018		681.7		681.7		681.6		681.6
8.125% Senior Notes due September 2019		750.0		831.9		750.0		841.4
6.50% Senior Notes due December 2020		426.5		480.0		424.1		456.7
8.375% Senior Notes due September 2021		750.0		860.0		750.0		853.1
5.25% Senior Notes due April 2023		425.0		433.7		425.0		414.7
6.875% Senior Notes due July 2033		448.6		462.4		448.6		431.2
Other foreign loans(1)		255.1		254.9		85.0		84.9
Other domestic loans(2)		393.3		393.3		0.4		0.4
Total debt	$	4,768.7	$	5,036.4	$	4,399.5	$	4,599.1

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

⁽²⁾  Includes $305 million outstanding under our revolving credit facility and $88 million outstanding under our U.S. accounts receivable securitization program.