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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2013
Schedule of Assets And Liabilities Measured at Fair Value Recurring Basis

The following tables present our assets and liabilities that are measured at fair value on a recurring basis at March 31, 2013:

 

     Fair Value Measurements at March 31, 2013  

Assets

   Total     Quoted Prices
in Active
Markets for
Identical Assets

(Level 1)
     Significant
Other
Observable
Inputs

(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
 
     (in millions)  

Marketable securities

   $ 13.9      $ 13.9       $ —        $ —     

Hedging contracts

     25.5        —           25.5        —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Total

   $ 39.4      $ 13.9       $ 25.5      $ —     
  

 

 

   

 

 

    

 

 

   

 

 

 
     Fair Value Measurements at March 31, 2013  

Liabilities

   Total     Quoted Prices
in Active
Markets for
Identical
Liabilities

(Level 1)
     Significant
Other
Observable
Inputs

(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
 
     (in millions)  

Hedging contracts

   ($ 8.4   $ —        ($ 8.4   $ —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Total

   ($ 8.4   $ —         ($ 8.4   $ —     
  

 

 

   

 

 

    

 

 

   

 

 

 

The following tables present our assets and liabilities that are measured at fair value on a recurring basis at December 31, 2012:

 

     Fair Value Measurements at December 31, 2012  

Assets

   Total     Quoted Prices
in Active
Markets for
Identical Assets

(Level 1)
     Significant
Other
Observable
Inputs

(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
 
     (in millions)  

Marketable securities

   $ 13.5      $ 13.5       $ —        $  —     

Hedging contracts

     48.9        —           48.9        —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Total

   $ 62.4      $ 13.5       $ 48.9      $ —     
  

 

 

   

 

 

    

 

 

   

 

 

 
     Fair Value Measurements at December 31, 2012  

Liabilities

   Total     Quoted Prices
in Active
Markets for
Identical
Liabilities

(Level 1)
     Significant
Other
Observable
Inputs

(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
 
     (in millions)  

Hedging contracts

   ($ 1.6   $ —         ($ 1.6   $ —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Total

   ($ 1.6   $ —         ($ 1.6   $ —