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Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Estimated Fair Value of Financial Instruments

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

 

 

 

December 31, 2017

 

 

December 31, 2016

 

 

 

Carrying

amount

 

 

Estimated fair

value

 

 

Carrying

amount

 

 

Estimated fair

value

 

Assets/(Liabilities), net:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt, including current portion

 

$

(850.2

)

 

$

(850.8

)

 

$

(873.6

)

 

$

(873.7

)

Foreign currency contracts

 

 

(0.8

)

 

 

(0.8

)

 

 

1.3

 

 

 

1.3

 

Natural gas contracts

 

 

(0.6

)

 

 

(0.6

)

 

 

1.0

 

 

 

1.0

 

Interest rate swap contracts

 

 

8.9

 

 

 

8.9

 

 

 

6.9

 

 

 

6.9

 

 

Fair Value Measurement of Assets and Liabilities

The fair value measurement of assets and liabilities is summarized below:

 

 

 

December 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/(Liabilities), net:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

(0.8

)

 

$

-

 

 

$

1.3

 

 

$

-

 

Natural gas contracts

 

 

-

 

 

 

(0.6

)

 

 

-

 

 

 

1.0

 

Interest rate swap contracts

 

 

-

 

 

 

8.9

 

 

 

-

 

 

 

6.9