XML 22 R12.htm IDEA: XBRL DOCUMENT v3.19.1
Financial Instruments (Notes)
3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Financial Instruments
FINANCIAL INSTRUMENTS
Fair Value of Financial Instruments
The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value:
Cash and advances to affiliate—The carrying amounts approximate fair value because of the short-term nature of these instruments.
Long-term debt—The disclosed fair value of our long-term debt, which we consider as a level 2 measurement, is determined by a market approach using broker quoted indicative period-end bond prices. The quoted prices are based on observable transactions in less active markets for our debt or similar instruments. The carrying amount and estimated fair value of our long-term debt, including current maturities, were $576.3 million and $605.8 million, respectively, at March 31, 2019, and $576.2 million and $577.1 million, respectively, at December 31, 2018.