FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2015

The carrying value and fair value of the Company’s financial instruments as of March 31, 2015 and December 31, 2014 are as follows (in millions):

	Carrying Value at		Quoted Prices in Active Markets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	March 31, 2015		Fair Value Measurements at March 31, 2015
Cash and cash equivalents	$	325.8	$	325.8	$	—	$	—
Accounts receivable, net	201.8		—		201.8		—
Fixed rate debt	371.2		—		397.3		—

	Carrying Value at December 31, 2014		Fair Value Measurements at December 31, 2014
Cash and cash equivalents	$	293.4	$	293.4	$	—	$	—
Accounts receivable, net	197.6		—		197.6		—
Fixed rate debt	373.6		—		395.7		—

- 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.

+ References+ Details