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FAIR VALUE MEASUREMENT (Tables)
 12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents for each of these hierarchy levels, the Company's financial assets and financial liabilities that are measured at fair value on a recurring basis:
 
Fair Value
Hierarchy
 
December 31, 2017
 
December 31, 2016
Assets:
 
 
 
 
 
Money market funds (of which $14,700 is classified as restricted cash as of December 31, 2016)
Level I
 
$
5,949

 
$
100,139

Investment securities pledged as collateral
Level I
 
1,720,357

 
1,483,030

Prepaid forward contracts
Level II
 
52,545

 
10,956

Liabilities:
 
 
 
 
 
Prepaid forward contracts
Level II
 
162,049

 
13,158

Interest rate swap contracts
Level II
 
77,902

 
78,823

Contingent consideration related to 2017 acquisitions
Level III
 
32,233

 
—
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
The carrying values, estimated fair values, and classification under the fair value hierarchy of the Company's financial instruments, excluding those that are carried at fair value in the accompanying consolidated balance sheets, are summarized as follows:
 
 
 
December 31, 2017
 
December 31, 2016
 
Fair Value
Hierarchy
 
Carrying
Amount (a)
 
Estimated
Fair Value
 
Carrying
Amount (a)
 
Estimated
Fair Value
Altice USA debt instruments:
 
 
 
 
 
 
 
 
 
Notes payable to affiliates and related parties
Level II
 
$
—

 
$
—

 
$
1,750,000

 
$
1,837,876

CSC Holdings debt instruments:
 
 
 
 
 
 
 
 
 
Credit facility debt
Level II
 
3,393,306

 
3,435,000

 
2,631,887

 
2,675,256

Collateralized indebtedness
Level II
 
1,349,474

 
1,305,932

 
1,286,069

 
1,280,048

Senior guaranteed notes
Level II
 
2,291,185

 
2,420,000

 
2,289,494

 
2,416,375

Senior notes and debentures
Level II
 
6,409,889

 
7,221,846

 
6,732,816

 
7,731,150

Notes payable
Level II
 
56,956

 
55,289

 
13,726

 
13,260

Cablevision senior notes
Level II
 
1,818,115

 
1,931,239

 
2,742,082

 
2,920,056

Cequel debt instruments:
 
 


 


 


 


Cequel credit facility
Level II
 
1,250,217

 
1,258,675

 
812,903

 
815,000

Senior secured notes
Level II
 
2,570,506

 
2,658,930

 
2,566,802

 
2,689,750

Senior notes
Level II
 
2,770,737

 
2,983,615

 
3,176,131

 
3,517,275

Notes payable
Level II
 
8,946

 
8,946

 
—

 
—

 
 
 
$
21,919,331

 
$
23,279,472

 
$
24,001,910

 
$
25,896,046

 
(a)
Amounts are net of unamortized deferred financing costs and discounts/premiums.