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FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 2015
FAIR VALUE MEASUREMENTS  
Schedule of fair value measurement

The carrying value and fair value of the Company’s financial instruments as of June 30, 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)

 

 

 

June 30, 2015

 

Fair Value Measurements at June 30, 2015

 

Cash and cash equivalents

 

$
15.8 

 

$
15.8 

 

$

—

 

$

—

 

Accounts receivable, net

 
223.6 

 

—

 
223.6 

 

—

 

Variable rate debt

 
152.5 

 
152.5 

 

—

 

—

 

Fixed rate debt

 
364.1 

 

—

 
378.5 

 

—

 

 

 

 

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 

 

—