Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2016

The following table shows the losses (gains) on our interest rate swap contracts:



	Year Ended December 31,
	2016			2015			2014
Losses (gains) recorded in accumulated other comprehensive loss, net of tax	$	(3.0	)	$	(1.6	)	$	5.0
Realized losses recorded in interest expense	8.2			5.2			—

Fair Value, Liabilities Measured on Recurring Basis

The following table shows the fair value of our hedges:



	As of December 31,
	2016		2015
Accrued liabilities	$	6.7	$	7.9
Other long-term liabilities	0.2		4.0
Total fair value	$	6.9	$	11.9

Fair value, assets and liabilities measured on nonrecurring basis, valuation techniques

Set forth below are the classes of assets and liabilities measured at fair value on a non-recurring basis at December 31, 2015:



	Level 1	Level 2	Level 3	Book Value as of December 31, 2015	Total Loss	Valuation Technique	Weighted-Average Discount Rate
Property and Equipment - Waukegan facility ⁽¹⁾	$—	$—	$15.0	$14.5	$(6.6)	Market Approach	n/a

Intangibles - Trade Names⁽²⁾	$—	$—	$97.5	$95.6	$(128.6)	Relief From Royalty Method	9%

^{(1) The book value was reduced by estimate selling costs of}^{$0.5 million}^{. See Note 11.}

^{(2) The book value of the trade name assets as of December 31, 2015 includes additional amortization of}^{$1.9 million}^{recorded after the fair value measurement dates as of June 30, 2015 and September 30, 2015. See Note 11.}