FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2014

The carrying value and fair value of the Company’s financial instruments as of June 30, 2014 and December 31, 2013 are as follows (in millions):

	Carrying Value at June 30, 2014		Fair Value Measurements at June 30, 2014
(in millions)	Total		Total		Quoted Prices in Active Markets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash & cash equivalents	$	223.7	$	223.7	$	223.7	$	—	$	—
Accounts and notes receivable	196.7		196.7		—		196.7		—
Fixed rate debt	379.9		398.8		—		398.8		—

	Carrying Value at December 31, 2013		Fair Value Measurements at December 31, 2013
(in millions)	Total		Total		Quoted Prices in Active Markets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash & cash equivalents	$	114.5	$	114.5	$	114.5	$	—	$	—
Accounts and notes receivable	182.3		182.3		—		182.3		—
Fixed rate debt	286.1		292.7		—		292.7		—

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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