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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
Summary of Carrying Amounts and Estimated Fair Values of Long-Term Debt and Commodity Purchase Contracts

The following is a summary of the carrying amounts and estimated fair values of our long-term debt and commodity purchase contracts as of June 30, 2016 and December 31, 2015:

 

     June 30, 2016      December 31, 2015  

(In millions)

   Carrying
Value
     Fair
Value
     Carrying
Value
     Fair
Value
 

Level 1:

           

Long-term debt:

           

 

4.625 Notes (net of debt issuance costs totaling $8.8 million and $9.6 million at June 30, 2016 and December 31, 2015, respectively)

     $ 679.2           $         703.5           $         678.4           $       635.1     

4.875 Notes (net of debt issuance costs totaling $5.4 million and $5.8 million at June 30, 2016 and December 31, 2015, respectively)

     $ 444.6           $ 461.3           $ 444.2           $ 408.4     

Level 2:

           

Long-term debt:

           

 

New Term Loan Facility (net of deferred financing fees totaling $2.8 million and $3.1 million at June 30, 2016 and December 31, 2015, respectively)

     $             243.5           $ 246.6           $ 244.4           $ 247.8     

Derivative instruments:

           

 

Commodity purchase contracts

     $ 1.2           $ 1.2           $ (0.4)          $ (0.4)