XML 83 R38.htm IDEA: XBRL DOCUMENT v2.4.0.6
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2013
Fair Value Disclosures [Abstract]  
Table of financial instruments measured at fair value
The following table summarizes the assets and liabilities measured at fair value in the condensed balance sheets:
 
Fair Value Measurements
Balance at March 31, 2013
Level 1
 
Level 2
 
Level 3
 
Total
Assets
($ in millions)
Interest rate swaps
$

 
$
7.7

 
$

 
$
7.7

Commodity forward contracts

 
1.0

 

 
1.0

Liabilities
 
 
 
 
 
 
 
Interest rate swaps
$

 
$
9.5

 
$

 
$
9.5

Commodity forward contracts
0.2

 
1.1

 

 
1.3

Earn out

 

 
21.0

 
21.0

Balance at December 31, 2012
 
 
 
 
 
 
 
Assets
 
Interest rate swaps
$

 
$
8.3

 
$

 
$
8.3

Commodity forward contracts
0.1

 
7.5

 

 
7.6

Liabilities
 
 
 
 
 
 
 
Interest rate swaps
$

 
$
10.2

 
$

 
$
10.2

Earn out

 

 
42.0

 
42.0

Balance at March 31, 2012
 
 
 
 
 
 
 
Assets
 
Interest rate swaps
$

 
$
11.7

 
$

 
$
11.7

Liabilities
 
 
 
 
 
 
 
Interest rate swaps
$

 
$
12.0

 
$

 
$
12.0

Commodity forward contracts
0.2

 
4.0

 

 
4.2

Earn out

 

 
33.1

 
33.1

Activity summary of financial instruments measure at fair value using level 3 inputs
The following table summarizes the activity for our earn out liability measured at fair value using Level 3 inputs:
 
March 31,
 
2013
 
2012
 
($ in millions)
Balance at beginning of year
$
42.0

 
$
49.0

Settlements
(23.2
)
 
(18.5
)
Unrealized losses included in other expense
2.2

 
2.6

Balance at end of period
$
21.0

 
$
33.1

Fair value of debt table
The following table summarizes the fair value measurements of debt and the actual debt recorded on our condensed balance sheets:
 
Fair Value Measurements
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Amount recorded
on balance sheets
 
($ in millions)
Balance at March 31, 2013
$

 
$
591.0

 
$
153.0

 
$
744.0

 
$
701.5

Balance at December 31, 2012

 
605.1

 
153.0

 
758.1

 
713.7

Balance at March 31, 2012

 
403.6

 
161.0

 
564.6

 
535.6