XML 61 R36.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value Disclosures [Abstract]  
Fair Value Derivative Instrument
Net liabilities measured at fair value on a recurring basis are summarized below (in millions):
 
June 30, 2014
Level 2
Commodity Swaps*
$
(1.9
)
    Total
$
(1.9
)
 _________________________________________________
*                 The fair value of derivative contracts included in assets or liabilities for risk management activities represents the amount at which the instruments could be exchanged in a current arms-length transaction adjusted for credit risk of the Partnership and/or the counterparty as required under FASB ASC 820.
Fair Value Financial Instrument
Considerable judgment is required to develop the estimates of fair value; thus, the estimates provided below are not necessarily indicative of the amount the Company could realize upon the sale or refinancing of such financial instruments (in millions):
 
 
June 30, 2014
 
Carrying
Value
 
Fair
Value
Short-term debt
$
18.5

 
$
20.0

Long-term debt
$
1,675.3

 
$
1,754.8

Obligations under capital leases
$
22.0

 
$
21.8