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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2017
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value Recurring Basis
The following table presents our assets that are measured at fair value on a recurring basis at March 31, 2017 (Successor) (in millions).
 
Fair Value Measurements
 
Successor as of
 
March 31, 2017
Assets
Total
 
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Marketable securities (Other assets)
$
9.0

 
$
9.0

 
$

 
$

Derivative contracts
6.5

 

 
0.8

 
5.7

Total
$
15.5

 
$
9.0

 
$
0.8

 
$
5.7

 
We had no liabilities measured at fair value on a recurring basis at December 31, 2016 (Predecessor). The following table presents our assets that are measured at fair value on a recurring basis at December 31, 2016 (Predecessor) (in millions).

 
Fair Value Measurements
 
Predecessor as of
 
December 31, 2016
Assets
Total
 
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Marketable securities (Other assets)
$
8.7

 
$
8.7

 
$

 
$

Total
$
8.7

 
$
8.7

 
$

 
$

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The table below presents a reconciliation for assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the period from March 1, 2017 through March 31, 2017 (Successor) and the period from January 1, 2017 through February 28, 2017 (Predecessor).
 
 
Hedging Contracts, net
 
 
(in millions)
Balance as of January 1, 2017 (Predecessor)
 
$

Total gains/(losses) (realized or unrealized):
 
 
Included in earnings
 
(0.6
)
Included in other comprehensive income
 

Purchases, sales, issuances and settlements
 
3.7

Transfers in and out of Level 3
 

Balance as of February 28, 2017 (Successor)
 
3.1

Total gains/(losses) (realized or unrealized):
 
 
Included in earnings
 
0.5

Included in other comprehensive income
 

Purchases, sales, issuances and settlements
 
2.1

Transfers in and out of Level 3
 

Balance as of March 31, 2017 (Successor)
 
$
5.7

The amount of total gains/(losses) for the period included in earnings (derivative income) attributable to the change in unrealized gain/(losses) relating to derivatives still held at March 31, 2017
 
$