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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value Disclosures [Abstract]  
Fair value assets and liabilities measured on a recurring basis
The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis:
 
June 30, 2014
 
December 31, 2013
 
Level 1
 
Level 2
 
Total
 
Level 1
 
Level 2
 
Total
Assets measured at fair value
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
54.8

 
$

 
$
54.8

 
$
45.3

 
$

 
$
45.3

Other current assets:
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts

 
0.1

 
0.1

 

 

 

Commodity hedge contracts

 
3.1

 
3.1

 

 
4.9

 
4.9

Other non-current assets:
 
 
 
 
 
 
 
 
 
 
 
Available for sale investments—cash and cash equivalents
11.6

 

 
11.6

 
18.6

 

 
18.6

Commodity hedge contracts

 
0.1

 
0.1

 

 

 

Assets measured at fair value
$
66.4

 
$
3.3

 
$
69.7

 
$
63.9

 
$
4.9

 
$
68.8

 
 
 
 
 
 
 
 
 
 
 
 
Liabilities measured at fair value
 
 
 
 
 
 
 
 
 
 
 
Accrued liabilities:
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
$

 
$

 
$

 
$

 
$
(0.7
)
 
$
(0.7
)
Commodity hedge contracts

 
(25.1
)
 
(25.1
)
 

 
(0.4
)
 
(0.4
)
Other non-current liabilities—commodity hedge contracts

 
(0.5
)
 
(0.5
)
 

 
(0.1
)
 
(0.1
)
Liabilities measured at fair value
$

 
$
(25.6
)
 
$
(25.6
)
 
$

 
$
(1.2
)
 
$
(1.2
)
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities measured at other than fair value
 
 
 
 
 
 
 
 
 
 
 
Long-term debt, including current portions:
 
 
 
 
 
 
 
 
 
 
 
Fair value
$

 
$
(2,163.5
)
 
$
(2,163.5
)
 
$

 
$
(1,659.9
)
 
$
(1,659.9
)
Carrying amount

 
(1,948.6
)
 
(1,948.6
)
 

 
(1,507.0
)
 
(1,507.0
)