XML 31 R33.htm IDEA: XBRL DOCUMENT v2.4.1.9
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2014
FAIR VALUE MEASUREMENTS  
Schedule of the carrying amount and estimated fair value of assets and liabilities measured on recurring basis

 

DECEMBER 31 (MILLIONS)

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

CARRYING

 

FAIR VALUE MEASUREMENTS

 

 

 

AMOUNT

 

LEVEL 1

 

LEVEL 2

 

LEVEL 3

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

Investments held in rabbi trusts

 

$

3.4 

 

$

3.4 

 

$

 

$

 

Foreign currency forward contracts

 

75.5 

 

 

75.5 

 

 

Contingent consideration

 

0.3 

 

 

 

0.3 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts

 

27.9 

 

 

27.9 

 

 

Interest rate swap contracts

 

24.2 

 

 

24.2 

 

 

Contingent consideration

 

1.6 

 

 

 

1.6 

 

 

 

 

 

DECEMBER 31 (MILLIONS)

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

CARRYING

 

FAIR VALUE MEASUREMENTS

 

 

 

AMOUNT

 

LEVEL 1

 

LEVEL 2

 

LEVEL 3

 

Assets:

 

 

 

 

 

 

 

 

 

Investments held in rabbi trusts

 

$

4.3 

 

$

4.3 

 

$

 

$

 

Foreign currency forward contracts

 

20.2 

 

 

20.2 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts

 

14.2 

 

 

14.2 

 

 

Contingent consideration

 

16.4 

 

 

 

16.4 

 

Future consideration payable to Champion sellers

 

86.4 

 

 

 

86.4 

 

 

Schedule of changes in fair value of contingent consideration

 

MILLIONS

 

2014

 

 

2013

 

Contingent consideration at beginning of year

 

$

16.4

 

 

$

27.3

 

Amount recognized at transaction date

 

 

(0.4

)

 

 

 

Losses (gains) recognized in earnings

 

 

(0.4

)

 

 

0.4

 

Settlements

 

 

(14.3

)

 

 

(11.3

)

Foreign currency translation

 

 

 

 

 

 

Contingent consideration at end of year

 

$

1.3

 

 

$

16.4

 

 

Schedule of carrying amount and estimated fair value of long-term debt

 

DECEMBER 31 (MILLIONS)

 

2014

 

2013

 

 

 

CARRYING

 

FAIR

 

CARRYING

 

FAIR

 

 

 

 

AMOUNT

 

VALUE

 

 

AMOUNT

 

VALUE

 

Long-term debt (including current maturities)

 

 

$

5,619.5 

 

$

5,980.9 

 

 

$

6,548.8 

 

$

6,766.0