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Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Valuation of Financial Instruments Recorded on Fair Value Basis

The following table summarizes the valuation of our financial instruments recorded on a fair value basis as of December 31, 2017 and 2018:

 

 

Fair value measurements

 

 

 

Total

 

 

Quoted prices

in active

markets

(Level 1)

 

 

Significant

other

observable

inputs

(Level 2)

 

 

Significant

unobservable

inputs

(Level 3)

 

 

 

(In millions)

 

Asset:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncurrent marketable securities

   (See Note 6)

 

$

10.7

 

 

$

10.7

 

 

$

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncurrent marketable securities

   (See Note 6)

 

$

3.4

 

 

$

3.4

 

 

$

-

 

 

$

-

 

Financial Instruments not Carried at Fair Value but which Require Fair Value Disclosure

Other The following table presents the financial instruments that are not carried at fair value but which require fair value disclosure as of December 31, 2017 and 2018.

 

 

December 31, 2017

 

 

December 31, 2018

 

 

 

Carrying

amount

 

 

Fair

value

 

 

Carrying

amount

 

 

Fair

value

 

 

(In millions)

 

Cash, cash equivalents and restricted cash

 

$

323.7

 

 

$

323.7

 

 

$

374.7

 

 

$

374.7

 

Long-term debt - Fixed rate Senior Notes

 

 

471.1

 

 

 

495.1

 

 

 

452.4

 

 

 

412.9

 

Common stockholders' equity

 

 

754.3

 

 

 

2,986.8

 

 

 

839.8

 

 

 

1,335.3