Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2018

Estimated Fair Value of Financial Instruments

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

	June 30, 2018						December 31, 2017
	Carrying amount			Estimated fair value			Carrying amount			Estimated fair value
Assets/(Liabilities), net:
Total long-term debt, including current portion	$	(835.0	)	$	(835.6	)	$	(850.2	)	$	(850.8	)
Foreign currency contracts		0.2			0.2			(0.8	)		(0.8	)
Natural gas contracts		-			-			(0.6	)		(0.6	)
Interest rate swap contracts		13.7			13.7			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:

	June 30, 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		-		-		-			(0.6	)
Interest rate swap contracts		-		13.7		-			8.9