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Fair Value Measurements and Other Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Fair Value Hierarchy of Financial Instruments
The fair value, measured on a recurring basis, of our financial instruments, using the fair value hierarchy under U.S. GAAP are included in the table below.
 
 
December 31, 2019
(In millions)
 
Total Fair Value
 
Level 1
 
Level 2
 
Level 3
Cash equivalents
 
$
41.1

 
$
41.1

 
$
—

 
$
—

Other current assets(1)
 
14.4

 
14.4

 
—

 
—

Derivative financial and hedging instruments net asset (liability):
 
 

 
 

 
 

 
 

Foreign currency forward and option contracts
 
$
(1.2
)
 
$
—

 
$
(1.2
)
 
$
—

 
 
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 (liability):
 
 

 
 

 
 

 
 

Foreign currency forward contracts
 
$
0.6

 
$
—

 
$
0.6

 
$
—


(1) 
Other current assets in the fair value table above as of December 31, 2019 primarily represents time deposits greater than 90 days to maturity at time of purchase at our insurance captive.
Carrying Amounts and Estimated Fair Values of Debt
The table below shows the carrying amounts and estimated fair values of our debt, excluding lease liabilities:
 
 
December 31, 2019
 
December 31, 2018
(In millions)
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
Term Loan A Facility due July 2022
 
$
474.6

 
$
474.6

 
$
—

 
$
—

Term Loan A Facility due July 2023(1)
 
223.8

 
223.8

 
222.2

 
222.2

6.50% Senior Notes due December 2020
 
—

 
—

 
424.0

 
440.1

4.875% Senior Notes due December 2022
 
421.9

 
450.1

 
421.1

 
421.2

5.25% Senior Notes due April 2023
 
422.0

 
454.1

 
421.2

 
424.5

4.50% Senior Notes due September 2023(1)
 
445.6

 
509.5

 
454.9

 
489.9

5.125% Senior Notes due December 2024
 
421.9

 
458.9

 
421.3

 
419.8

5.50% Senior Notes due September 2025
 
397.4

 
441.2

 
397.1

 
394.8

4.00% Senior Notes due December 2027
 
420.4

 
431.5

 
—

 
—

6.875% Senior Notes due July 2033
 
445.7

 
528.8

 
445.5

 
453.4

Other foreign borrowings(1)
 
12.1

 
12.4

 
98.5

 
99.2

Other domestic borrowings
 
89.0

 
89.0

 
168.4

 
170.0

Total debt(2)
 
$
3,774.4

 
$
4,073.9

 
$
3,474.2

 
$
3,535.1

 
       
(1) 
Includes borrowings denominated in currencies other than US Dollars.
(2) 
At December 31, 2019, the carrying amount and estimated fair value of debt exclude lease liabilities.