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Derivatives and Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]  
Recorded Amounts and Estimated Fair Values of Long-term Debt and Derivative Financial Instruments
The recorded amounts and estimated fair values of total debt, excluding unamortized issuance costs and discounts, at December 31 were as follows:
 
2019
 
2018
In millions
Recorded
Amount
Fair Value
 
Recorded
Amount
Fair Value
Variable rate debt
$
353.6

$
353.6

 
$
102.2

$
102.2

Fixed rate debt
685.4

732.2

 
690.5

691.8

Total debt
$
1,039.0

$
1,085.8

 
$
792.7

$
794.0


Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
Financial assets and liabilities measured at fair value on a recurring and nonrecurring basis were as follows:
Recurring fair value measurements
December 31, 2019
In millions
Level 1
Level 2
Level 3
NAV
Total
Foreign currency contract assets
$

$
0.1

$

$

$
0.1

Foreign currency contract liabilities

(11.6
)


(11.6
)
Deferred compensation plan assets
12.5



8.8

21.3

Total recurring fair value measurements
$
12.5

$
(11.5
)
$

$
8.8

$
9.8

Nonrecurring fair value measurements (1)



 

Recurring fair value measurements
December 31, 2018
In millions
Level 1
Level 2
Level 3
NAV
Total
Foreign currency contract liabilities
$

$
(30.6
)
$

$

$
(30.6
)
Deferred compensation plan assets
17.6



3.3

20.9

Total recurring fair value measurements
$
17.6

$
(30.6
)
$

$
3.3

$
(9.7
)
Nonrecurring fair value measurements (1)