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Basis of Presentation (Tables)
6 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
Schedule of Carrying Value and Estimated Fair Value of Financial Instruments
The following table summarizes the carrying value and valuation of financial instruments within the fair value hierarchy:
 
June 30, 2016
(In millions)
Carrying Value
 
Fair Value
 
Level 1
 
Level 2
Financial Assets:
 
 
 
 
 
 
 
Cash equivalents
$
136.7

 
$
136.7

 
$
30.1

 
$
106.6

Financial Liabilities:
 
 
 
 
 
 
 
Senior Notes due 2022
1,578.4

 
1,525.0

 
1,525.0

 

Senior Notes due 2021
547.8

 
524.6

 
524.6

 

Senior Notes due 2019
900.3

 
922.5

 
922.5

 

Senior Notes due 2018
267.7

 
271.8

 
271.8

 

Term loan facility
1,535.7

 
1,591.0

 

 
1,591.0

Senior Debentures due 2034
199.9

 
198.2

 
198.2

 

Convertible senior notes
45.7

 
80.3

 
80.3

 

Euro private placement notes due 2020
14.6

 
14.6

 

 
14.6

 
 
 
 
 
 
 
 
 
December 31, 2015
(In millions)
Carrying Value
 
Fair Value
 
Level 1
 
Level 2
Financial Assets:
 
 
 
 
 
 
 
Cash equivalents
$
83.2

 
$
83.2

 
$
9.1

 
$
74.1

Financial Liabilities:
 
 
 
 
 
 
 
Senior Notes due 2022
1,577.0

 
1,479.8

 
1,479.8

 

Senior Notes due 2021
536.6

 
507.5

 

 
507.5

Senior Notes due 2019
900.4

 
920.3

 
920.3

 

Senior Notes due 2018
268.2

 
271.0

 

 
271.0

Term loan facility
1,540.3

 
1,590.0

 

 
1,590.0

Senior Debentures due 2034
199.0

 
201.0

 

 
201.0

Convertible senior notes
46.8

 
89.1

 
89.1

 

Euro private placement notes due 2020
14.5

 
13.9

 

 
13.9