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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2015
Fair Value Measurements (Tables) [Abstract]  
Financial assets and liabilities by level within the fair value hierarchy

Recurring Fair Value Measures
 
As of June 30, 2015
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(Millions of Dollars)
Assets:
 
 
 
 
 
 
 
 
Derivatives
 
$
3.5

 
$
4.1

 
$
7.7

 
$
15.3

Total
 
$
3.5

 
$
4.1

 
$
7.7

 
$
15.3

Liabilities:
 
 
 
 
 
 
 
 
Derivatives
 
$
6.7

 
$
26.6

 
$
5.4

 
$
38.7

Total
 
$
6.7

 
$
26.6

 
$
5.4

 
$
38.7


Recurring Fair Value Measures
 
As of December 31, 2014
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(Millions of Dollars)
Assets:
 
 
 
 
 
 
 
 
Derivatives
 
$
1.1

 
$
7.2

 
$
7.0

 
$
15.3

Total
 
$
1.1

 
$
7.2

 
$
7.0

 
$
15.3

Liabilities:
 
 
 
 
 
 
 
 
Derivatives
 
$
11.5

 
$
1.0

 
$

 
$
12.5

Total
 
$
11.5

 
$
1.0

 
$

 
$
12.5

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

 
Three Months Ended June 30
 
Six Months Ended June 30
 
2015
 
2014
 
2015
 
2014
 
(Millions of Dollars)
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
$
3.3

 
$
1.7

 
$
7.0

 
$
3.5

Realized and unrealized gains (losses)

 

 

 

Purchases
3.9

 
15.6

 
3.9

 
15.6

Issuances

 

 

 

Settlements
(3.6
)
 
(3.2
)
 
(7.3
)
 
(5.0
)
Acquisition of Integrys
(1.3
)
 

 
(1.3
)
 

Transfers in and/or out of Level 3

 

 

 

Balance as of June 30
$
2.3

 
$
14.1

 
$
2.3

 
$
14.1

Carrying amount and estimated fair value of certain financial instruments

 
 
June 30, 2015
 
December 31, 2014
Financial Instruments
 
Carrying Amount
 
Fair Value
 
Carrying Amount
 
Fair Value
 
 
(Millions of Dollars)
 
 
 
 
 
 
 
 
 
Preferred stock, no redemption required
 
$
81.5

 
$
80.1

 
$
30.4

 
$
27.1

Long-term debt, including current portion
 
$
9,118.4

 
$
9,181.1

 
$
4,552.4

 
$
5,126.0