Fair Value Measurements and Other Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

Fair Value Hierarchy of Financial Instruments

The fair value of our financial instruments, using the fair value hierarchy under U.S. GAAP detailed in “Fair Value Measurements,” of Note 2, “Summary of Significant Accounting Policies and Recently Issued Accounting Standards,” of the Notes to the Consolidated Financial Statements are included in the table below. 

	December 31, 2017
(In millions)	Total Fair Value			Level 1		Level 2			Level 3
Cash equivalents	$	297.5		$	297.5	$	—		$	—
Derivative financial and hedging instruments net asset (liability):
Foreign currency forward and option contracts	$	(1.6	)	$	—	$	(1.6	)	$	—

	December 31, 2016
(In millions)	Total Fair Value			Level 1		Level 2			Level 3
Cash equivalents	$	71.3		$	71.3	$	—		$	—
Compensating balance deposits	$	52.9		$	52.9	$	—		$	—
Derivative financial and hedging instruments net asset (liability):
Foreign currency forward contracts	$	4.7		$	—	$	4.7		$	—
Interest rate and currency swaps	$	23.9		$	—	$	23.9		$	—
Cross-currency swaps	$	(5.3	)	$	—	$	(5.3	)	$	—

Carrying Amounts and Estimated Fair Values of Debt

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

	December 31, 2017				December 31, 2016
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Term Loan A Facility due July 2017	$	—	$	—	$	249.9	$	249.9
Term Loan A Facility due July 2019(1)	222.7		222.7		1,067.8		1,067.8
6.50% Senior Notes due December 2020	423.6		465.1		423.1		477.3
4.875% Senior Notes due December 2022	420.4		451.0		419.6		437.6
5.25% Senior Notes due April 2023	420.4		455.6		419.7		441.1
4.50% Senior Notes due September 2023(1)	474.3		544.4		416.7		453.4
5.125% Senior Notes due December 2024	420.7		456.2		420.2		437.3
5.50% Senior Notes due September 2025	396.7		439.9		396.4		418.8
6.875% Senior Notes due July 2033	445.4		527.3		445.3		462.7
Other foreign loans(1)	30.2		30.4		78.9		79.2
Other domestic loans	3.6		3.6		21.4		21.3
Total debt	$	3,258.0	$	3,596.2	$	4,359.0	$	4,546.4
Less amounts included as liabilities held for sale	—		—		216.4		216.4
Total debt from continuing operations	$	3,258.0	$	3,596.2	$	4,142.6	$	4,330.0

⁽¹⁾  Includes borrowings denominated in currencies other than U.S. dollars.