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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Assets and liabilities measured at fair value on a recurring basis
Assets and liabilities measured at gross fair value on a recurring basis are summarized below:
 
 
Fair Value Measurements as of December 31, 2013
 
Total
 
Level
1
 
Level
2
 
Level
3
 
(in millions)
Cash and cash equivalents
$
530.6

 
$
530.6

 
$

 
$

Total assets
$
530.6

 
$
530.6

 
$

 
$

 
 
 
 
 
 
 
 
Total liabilities
$

 
$

 
$

 
$

 
 
Fair Value Measurements as of December 31, 2012
 
Total
 
Level
1
 
Level
2
 
Level
3
 
(in millions)
Cash and cash equivalents
$
416.8

 
$
416.8

 
$

 
$

Jet fuel options
0.3

 

 

 
0.3

Total assets
$
417.1

 
$
416.8

 
$

 
$
0.3

 
 
 
 
 
 
 
 
Total liabilities
$

 
$

 
$

 
$

Assets and liabilities measured at fair value on a recuring basis using significant unobservable inputs (level 3)
The following table presents the Company’s activity for assets and liabilities measured at gross fair value on a recurring basis using significant unobservable inputs (Level 3):

Jet Fuel Options
 
(in millions)
Balance at January 1, 2011
$
3.5

Total realized or unrealized gains (losses) included in earnings, net
4.2

Settlements, net
(7.4
)
Balance at December 31, 2011
0.3

Total realized or unrealized gains (losses) included in earnings, net
(0.2
)
Settlements, net
0.2

Balance at December 31, 2012
0.3

Total realized or unrealized gains (losses) included in earnings, net
0.1

Settlements, net
(0.4
)
Balance at December 31, 2013
$