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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2014
Fair Value Measurements (Tables) [Abstract]  
Financial assets and liabilities by level within the fair value hierarchy

Recurring Fair Value Measures
 
As of March 31, 2014
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(Millions of Dollars)
Assets:
 
 
 
 
 
 
 
 
Derivatives
 
$
3.6

 
$
3.9

 
$
1.7

 
$
9.2

Total
 
$
3.6

 
$
3.9

 
$
1.7

 
$
9.2

Liabilities:
 
 
 
 
 
 
 
 
Derivatives
 
$

 
$
0.1

 
$

 
$
0.1

Total
 
$

 
$
0.1

 
$

 
$
0.1


Recurring Fair Value Measures
 
As of December 31, 2013
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(Millions of Dollars)
Assets:
 
 
 
 
 
 
 
 
Derivatives
 
$
5.7

 
$
2.6

 
$
3.5

 
$
11.8

Total
 
$
5.7

 
$
2.6

 
$
3.5

 
$
11.8

Liabilities:
 
 
 
 
 
 
 
 
Derivatives
 
$

 
$
0.3

 
$

 
$
0.3

Total
 
$

 
$
0.3

 
$

 
$
0.3

Fair value of derivatives classified as Level 3 in the fair value hierarchy

 
2014
 
2013
 
(Millions of Dollars)
 
 
 
 
Balance as of January 1
$
3.5

 
$
4.7

Realized and unrealized gains (losses)

 

Purchases

 

Issuances

 

Settlements
(1.8
)
 
(3.1
)
Transfers in and/or out of Level 3

 

Balance as of March 31
$
1.7

 
$
1.6

 
 
 
 
Change in unrealized gains (losses) relating to instruments still held as of March 31
$

 
$

Carrying amount and estimated fair value of certain financial instruments

 
 
March 31, 2014
 
December 31, 2013
Financial Instruments
 
Carrying Amount
 
Fair Value
 
Carrying Amount
 
Fair Value
 
 
(Millions of Dollars)
 
 
 
 
 
 
 
 
 
Preferred stock, no redemption required
 
$
30.4

 
$
25.4

 
$
30.4

 
$
26.0

Long-term debt, including current portion
 
$
4,617.8

 
$
4,954.2

 
$
4,626.7

 
$
4,911.8