FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Assets and Liabilities Measured at Fair Value on a Recurring Basis

Assets and Liabilities Recorded at Fair Value on a Recurring Basis

The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of September 30, 2016:



	Level 1		Level 2		Total
Assets:
Available-for-sale securities	$	2.8	$	—	$	2.8
Foreign exchange forward contracts	—		.1		.1
Total	$	2.8	$	.1	$	2.9
Liabilities:
Foreign exchange forward contracts	$	—	$	6.6	$	6.6
Total	$	—	$	6.6	$	6.6

The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis

as of December 31, 2015:



	Level 1		Level 2		Total
Assets:
Available-for-sale securities	$	2.8	$	—	$	2.8
Foreign exchange forward contracts	—		1.2		1.2
Total	$	2.8	$	1.2	$	4.0
Liabilities:
Foreign exchange forward contracts	$	—	$	1.1	$	1.1
Total	$	—	$	1.1	$	1.1

Fair Value of Financial Instruments

The net asset (liability) amounts recorded in the balance sheet (carrying amount) and the estimated fair values of our remaining financial instruments at September 30, 2016 and December 31, 2015, respectively, consisted of the following:



	September 30, 2016						December 31, 2015
	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Available-for-sale securities	$	2.8		$	2.8		$	2.8		$	2.8
Debt maturing within one year⁽¹⁾	(111.3		)	(111.3		)	(55.2		)	(55.2		)
Long-term debt⁽¹⁾	(2,226.8		)	(2,167.0		)	(2,150.5		)	(1,622.7		)
Foreign exchange forward contracts	(6.5		)	(6.5		)	.1			.1

(1) The carrying value of debt maturing within one year and long-term debt is presented net of debt issuance costs and includes any related discount or premium and unamortized deferred gains on terminated interest-rate swap agreements, as applicable.