XML 51 R41.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Summary of Carrying Values and Estimated Fair Values of Long-Term Debt and Commodity Purchase Contracts

The following is a summary of the carrying values and estimated fair values of our long-term debt and commodity purchase contracts as of December 31, 2015 and 2014:

 

     December 31, 2015      December 31, 2014  

(In millions)

   Carrying
Value
     Fair
Value
     Carrying
Value
     Fair
Value
 

Level 1:

           

Long-term debt:

           

4.625 Notes (net of debt issuance costs totaling $9.6 million and $11.3 million at December 31, 2015 and 2014, respectively)

   $ 678.4       $ 635.1       $ 676.7       $ 651.9   

4.875 Notes (net of debt issuance costs totaling $5.8 million and $6.5 million at December 31, 2015 and 2014, respectively)

   $ 444.2       $ 408.4       $ 443.5       $ 426.7   

Level 2:

           

Long-term debt:

           

Term Loan Facility (net of debt issuance costs totaling $2.4 million at December 31, 2014)

   $ —         $ —         $ 192.1       $ 194.4   

New Term Loan Facility (net of deferred financing fees totaling $3.1 million at December 31, 2015)

   $ 244.4       $ 247.8       $ —         $ —     

Derivative instruments:

           

Commodity purchase contracts

   $ (0.4    $ (0.4    $ (12.9    $ (12.9