Fair Value Measurements and Other Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Fair Value Hierarchy of Financial Instruments

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

	June 30, 2019
(In millions)	Total Fair Value			Level 1		Level 2			Level 3
Cash equivalents	$	40.7		$	40.7	$	—		$	—
Derivative financial and hedging instruments net asset:
Foreign currency forward contracts and options	$	(1.3	)	$	—	$	(1.3	)	$	—

	December 31, 2018
(In millions)	Total Fair Value		Level 1		Level 2		Level 3
Cash equivalents	$	38.6	$	38.6	$	—	$	—
Derivative financial and hedging instruments net asset:
Foreign currency forward contracts	$	0.6	$	—	$	0.6	$	—

Carrying Amounts and Estimated Fair Values of Debt

The table below shows the carrying amounts and estimated fair values of our debt, excluding our lease liabilities.

	June 30, 2019				December 31, 2018
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Term Loan A Facility due July 2023(1)	$	222.3	$	222.3	$	222.2	$	222.2
6.50% Senior Notes due December 2020	424.3		440.7		424.0		440.1
4.875% Senior Notes due December 2022	421.5		445.8		421.1		421.2
5.25% Senior Notes due April 2023	421.6		448.3		421.2		424.5
4.50% Senior Notes due September 2023(1)	452.1		513.5		454.9		489.9
5.125% Senior Notes due December 2024	421.6		445.0		421.3		419.8
5.50% Senior Notes due September 2025	397.2		424.0		397.1		394.8
6.875% Senior Notes due July 2033	445.6		500.5		445.5		453.4
Other foreign borrowings(1)	90.5		87.4		98.5		99.2
Other domestic borrowings	178.0		178.0		168.4		170.0
Total debt(2)	$	3,474.7	$	3,705.5	$	3,474.2	$	3,535.1

⁽¹⁾  Includes borrowings denominated in currencies other than U.S. dollars.

⁽²⁾  At June 30, 2019, the carrying amount and estimated fair value of debt exclude lease liabilities.