Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Estimated Fair Value of Financial Instruments

The estimated fair values of our financial instruments are as follows:

	March 31, 2017						December 31, 2016
	Carrying amount			Estimated fair value			Carrying amount			Estimated fair value
Assets/(Liabilities), net:
Total long-term debt, including current portion	$	(873.0	)	$	(869.7	)	$	(873.6	)	$	(873.7	)
Foreign currency contracts		0.3			0.3			1.6			1.6
Natural gas contracts		0.4			0.4			1.0			1.0
Interest rate swap contracts		8.4			8.4			6.9			6.9

Fair Value Measurement of Assets and Liabilities

The fair value measurement of assets and liabilities measured at fair value on a recurring basis and reported on the consolidated balance sheets is summarized below:

	March 31, 2017				December 31, 2016
	Fair value based on				Fair value based on
	Quoted, active markets		Other observable inputs		Quoted, active markets		Other observable inputs
	Level 1		Level 2		Level 1		Level 2
Assets, net:
Foreign currency contracts	$	0.3	$	-	$	1.6	$	-
Natural gas contracts		-		0.4		-		1.0
Interest rate swap contracts		-		8.4		-		6.9