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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2013
Fair Value Measurements (Tables) [Abstract]  
Financial assets and liabilities by level within the fair value hierarchy
Recurring Fair Value Measures
 
As of June 30, 2013
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(Millions of Dollars)
Assets:
 
 
 
 
 
 
 
 
Restricted Cash
 
$

 
$

 
$

 
$

Derivatives
 
0.5

 
7.6

 
9.2

 
17.3

Total
 
$
0.5

 
$
7.6

 
$
9.2

 
$
17.3

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Derivatives
 
$
1.1

 
$

 
$

 
$
1.1

Total
 
$
1.1

 
$

 
$

 
$
1.1


Recurring Fair Value Measures
 
As of December 31, 2012
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(Millions of Dollars)
Assets:
 
 
 
 
 
 
 
 
Restricted Cash
 
$
2.7

 
$

 
$

 
$
2.7

Derivatives
 
1.2

 
11.5

 
4.7

 
17.4

Total
 
$
3.9

 
$
11.5

 
$
4.7

 
$
20.1

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Derivatives
 
$
1.1

 
$

 
$

 
$
1.1

Total
 
$
1.1

 
$

 
$

 
$
1.1

Fair value of derivatives classified as Level 3 in the fair value hierarchy
 
Three Months Ended June 30
 
Six Months Ended June 30
 
2013
 
2012
 
2013
 
2012
 
(Millions of Dollars)
 
 
 
 
 
 
 
 
Beginning Balance
$
1.6

 
$
2.2

 
$
4.7

 
$
5.7

Realized and unrealized gains (losses)

 

 

 

Purchases
10.6

 
10.9

 
10.6

 
10.9

Issuances

 

 

 

Settlements
(3.0
)
 
(3.2
)
 
(6.1
)
 
(6.7
)
Transfers in and/or out of Level 3

 

 

 

Balance as of June 30
$
9.2

 
$
9.9

 
$
9.2

 
$
9.9

 
 
 
 
 
 
 
 
Change in unrealized gains (losses) relating to instruments still held as of June 30
$

 
$

 
$

 
$

Carrying amount and estimated fair value of certain financial instruments
 
 
June 30, 2013
 
December 31, 2012
Financial Instruments
 
Carrying Amount
 
Fair
Value
 
Carrying Amount
 
Fair
Value
 
 
(Millions of Dollars)
Preferred stock, no redemption required
 
$
30.4

 
$
27.0

 
$
30.4

 
$
26.0

Long-term debt, including current portion
 
$
2,487.0

 
$
2,679.8

 
$
2,537.0

 
$
2,900.8