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Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Estimated Fair Value of Financial Instruments

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

 

 

March 31, 2018

 

 

December 31, 2017

 

 

 

Carrying

amount

 

 

Estimated

fair value

 

 

Carrying

amount

 

 

Estimated

fair value

 

Assets/(Liabilities), net:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total long-term debt, including current portion

 

$

(842.6

)

 

$

(847.1

)

 

$

(850.2

)

 

$

(850.8

)

Foreign currency contracts

 

 

(0.2

)

 

 

(0.2

)

 

 

(0.8

)

 

 

(0.8

)

Natural gas contracts

 

 

(0.2

)

 

 

(0.2

)

 

 

(0.6

)

 

 

(0.6

)

Interest rate swap contracts

 

 

12.6

 

 

 

12.6

 

 

 

8.9

 

 

 

8.9

 

 

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, 2018

 

 

December 31, 2017

 

 

 

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

 

$

(0.2

)

 

$

-

 

 

$

(0.8

)

 

$

-

 

Natural gas contracts

 

 

-

 

 

 

(0.2

)

 

 

-

 

 

 

(0.6

)

Interest rate swap contracts

 

 

-

 

 

 

12.6

 

 

 

-

 

 

 

8.9