Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2017

Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis

The following table presents for each of these hierarchy levels, the Company’s financial assets and liabilities that are measured at fair value on a recurring basis at September 30, 2017 and December 31, 2016, including investments for which the fair value option has been elected:



(In thousands)	Level I		Level II		Level III		Total
At September 30, 2017:
Assets:
Cash equivalents	$	100,311	$	—	$	—	$	100,311
Available for sale securities	14,845		—		—		14,845
Interest rate swap contracts	—		1,413		—		1,413
Investments	8,079		—		—		8,079
Foreign currency derivatives	—		3,970		—		3,970
Other derivatives	—		7,976		29,814		37,790
Liabilities:
Foreign currency derivatives	$	—	$	4,277	$	—	$	4,277
At December 31, 2016:
Assets:
Cash equivalents	$	65,384	$	—	$	—	$	65,384
Interest rate swap contracts	—		1,471		—		1,471
Foreign currency derivatives	—		6,096		—		6,096
Other derivatives	—		—		12,308		12,308
Liabilities:
Interest rate swap contracts	$	—	$	762	$	—	$	762
Foreign currency derivatives	—		3,147		—		3,147

Carrying Values And Fair Values Of The Company's Financial Instruments

The carrying values and estimated fair values of the Company’s financial instruments, excluding those that are carried at fair value in the condensed consolidated balance sheets, are summarized as follows:



(In thousands)	September 30, 2017
(In thousands)	Carrying Amount		Estimated Fair Value
Debt instruments:
Term Loan A Facility	$	736,500	$	747,188
4.75% Notes due August 2025	784,334		810,000
5.00% Notes due April 2024	983,510		1,035,000
4.75% Notes due December 2022	593,006		618,000
	$	3,097,350	$	3,210,188



(In thousands)	December 31, 2016
(In thousands)	Carrying Amount		Estimated Fair Value
Debt instruments:
Term Loan A Facility	$	1,245,175	$	1,254,855
5.00% Notes due April 2024	981,949		1,002,500
4.75% Notes due December 2022	592,139		606,000
	$	2,819,263	$	2,863,355