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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2012
Carrying Amounts and Estimated Fair Values of Other Financial Instruments

The following table presents the carrying amounts and estimated fair values of the Company’s other financial instruments at June 30, 2012 and December 31, 2011.

 

            June 30, 2012      December 31, 2011  
(In millions)    Input
Level
     Carrying
Amount
     Fair
Value
     Carrying
Amount
     Fair
Value
 

Financial Assets:

              

Note receivable

     Level 2       $ 0.4       $ 0.5       $ 0.7       $ 0.8   

Financial Liabilities:

              

Short-term borrowings

     Level 2         32.4         32.4         2.6         2.6   

3.35% Senior notes

     Level 1         249.8         262.5         249.7         260.2