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Fair Value Measurement (Tables)
6 Months Ended
Jun. 30, 2011
Fair Value Measurement  
Assets Measured At Fair Value On A Nonrecurring Basis

 

     Impairment
Charge
     Fair Value
Measurement
(Level 3)
     June 30, 2011
Net Book
Value
 

Long-lived assets held and used (1)

   $ 14.1       $ 68.5       $ 65.8   

Long-lived assets held for sale or disposal (2)

     18.2         1.3         1.3   
  

 

 

    

 

 

    

 

 

 

Total

   $ 32.3       $ 69.8       $ 67.1   
  

 

 

    

 

 

    

 

 

 

(1) Long-lived assets held and used with a carrying amount of $82.6 million were written down to their fair value of $68.5 million, resulting in an impairment charge of $14.1 million for the six months ended June 30, 2011. The fair values used for measuring impairment of land, buildings, machinery and equipment and leasehold improvements were determined using Level 3 inputs. These fair values were estimated based on discussions with real estate brokers, review of comparable properties, if available, discussions with machinery and equipment brokers, dealer quotes and internal expertise related to equipment and current marketplace conditions.
(2) Long-lived assets held for sale or disposal with a carrying amount of $19.5 million were written down to their fair value of $1.3 million, resulting in an impairment charge of $18.2 million. The fair values of the land, buildings and machinery and equipment classified as held for sale or disposal were determined using Level 3 inputs and estimated based on discussions with real estate brokers, review of comparable properties, if available, discussions with machinery and equipment brokers, dealer quotes and internal expertise related to equipment and current marketplace conditions.