FINANCIAL INSTRUMENTS AND FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Carrying Values and Fair Values of Liabilities

A summary of the carrying values and fair values of our Notes and our Mortgage notes payable is as follows: 

	As of
	March 31, 2021		December 31, 2020
	(In millions)
Carrying Value:
4.50% Senior Notes due 2028	401.1		400.9
4.75% Senior Notes due 2030	440.7		440.6
Mortgage notes payable (a)	335.8		343.7
Total carrying value	$	1,177.6	$	1,185.2
Fair Value:
4.50% Senior Notes due 2028	411.1		423.2
4.75% Senior Notes due 2030	457.2		476.2
Mortgage notes payable (a)	347.2		354.5
Total fair value	$	1,215.5	$	1,253.9

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(a) Excludes amounts classified as Liabilities associated with assets held for sale.

Schedule of Derivative Instruments

We currently have four interest rate swap agreements. Each of these swaps were designed to provide a hedge against changes in variable rate cash flows regarding fluctuations in the one month LIBOR. The following table provides information on the attributes of each swap as of March 31, 2021:

Inception Date	Notional Principal at Inception		Notional Value as of March 31, 2021		Notional Principal at Maturity		Maturity Date
	(In millions)
July 2020	$	93.5	$	90.5	$	50.6	December 2028
July 2020	$	85.5	$	82.8	$	57.3	November 2025
June 2015	$	100.0	$	73.7	$	53.1	February 2025
November 2013	$	75.0	$	48.0	$	38.7	September 2023

Schedule of Derivative Instruments Fair Value

The following table provides information regarding the fair value of our interest rate swap agreements and the impact on the Condensed Consolidated Balance Sheets:

	As of
	March 31, 2021		December 31, 2020
	(In millions)
Other current liabilities	$	(2.8)	$	(2.8)
Other long-term assets	5.7		—
Other long-term liabilities	(3.9)		(4.4)
Total fair value	$	(1.0)	$	(7.2)

Schedule of Derivative Instruments Effect on Accumulated Other Comprehensive Income

Information about the effect of our interest rate swap agreements in the accompanying Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income, is as follows (in millions):

For the Three Months Ended March 31,	Results Recognized in Accumulated Other Comprehensive Income/(Loss)		Location of Amount Reclassified from Accumulated Other Comprehensive Income/(Loss) to Earnings	Amount Reclassified from Accumulated Other Comprehensive Income/(Loss) to Earnings
2021	$	7.0	Other interest expense, net	$	(0.8)
2020	$	(4.5)	Other interest expense, net	$	(0.3)