Fair Value Measurements and Other Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Hierarchy of Financial Instruments

The following table details the fair value hierarchy of our financial instruments:

	Total
September 30, 2014	Fair Value			Level 1		Level 2			Level 3
Cash equivalents	$	104.0		$	—	$	104.0		$	—
Derivative financial instruments net asset (liability):
Interest rate swaps	$	0.6		$	—	$	0.6		$	—
Foreign currency forward contracts	$	(23.2	)	$	—	$	(23.2	)	$	—
Interest rate and currency swaps	$	7.3		$	—	$	7.3		$	—

	Total
December 31, 2013	Fair Value			Level 1		Level 2			Level 3
Cash equivalents	$	491.9		$	—	$	491.9		$	—
Derivative financial instruments net asset (liability):
Interest rate swaps	$	(1.0	)	$	—	$	(1.0	)	$	—
Foreign currency forward contracts	$	(40.0	)	$	—	$	(40.0	)	$	—

Carrying Amounts and Estimated Fair Values of Debt

The table below shows the carrying amounts and estimated fair values of our total debt:

	September 30, 2014				December 31, 2013
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
12% Senior Notes due February 2014	$	—	$	—	$	150.3	$	150.6
Term Loan A Facility due July 2019 (October 2016 prior to refinance)		1,146.7		1,146.7		684.5		684.5
Term Loan A Facility due July 2017		249.7		249.7		-		-
Term Loan B Facility		—		—		681.6		681.6
8.125% Senior Notes due September 2019		750.0		808.7		750.0		841.4
6.50% Senior Notes due December 2020		425.6		455.9		424.1		456.7
8.375% Senior Notes due September 2021		750.0		834.4		750.0		853.1
5.25% Senior Notes due April 2023		425.0		419.6		425.0		414.7
6.875% Senior Notes due July 2033		448.7		462.0		448.6		431.2
Other foreign loans		57.0		56.8		85.0		84.9
Other domestic loans⁽¹⁾		363.3		363.3		0.4		0.4
Total debt	$	4,616.0	$	4,797.1	$	4,399.5	$	4,599.1

⁽¹⁾ Includes $276 million outstanding under our revolving credit facility and $87 million outstanding under our U.S. accounts receivable securitization program.