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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Summary of the carrying values and estimated fair values of long-term debt

 

 

 

September 30, 2015

 

 

December 31, 2014

 

(In millions)

 

Carrying

Value

 

 

Fair

Value

 

 

Carrying

Value

 

 

Fair

Value

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.625 Notes

 

  $

688.0

 

 

  $

585.7

 

 

  $

688.0

 

 

  $

651.9

 

4.875 Notes

 

  $

450.0

 

 

  $

378.8

 

 

  $

450.0

 

 

  $

426.7

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term Loan (net of debt issuance costs

   totaling $1.8 million at December 31, 2014)

 

  $

-

 

 

  $

-

 

 

  $

192.6

 

 

  $

194.4

 

Term Loan (net of debt issuance costs and discounts

   totaling $2.7 million at September 30, 2015)

 

  $

245.5

 

 

  $

249.9

 

 

  $

-

 

 

  $

-

 

Derivative instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commodity purchase contracts

 

  $

(3.2

)

 

  $

(3.2

)

 

  $

(12.9

)

 

  $

(12.9

)