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Fair Value Measurements (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2016
Dec. 31, 2015
Fair Value Disclosures [Abstract]    
Fair value assets and liabilities measured on a recurring basis
Assets and liabilities measured at fair value on a recurring basis are presented below:
 
March 31, 2016
 
December 31, 2015
 
Level 1
 
Level 2
 
Total
 
Level 1
 
Level 2
 
Total
Assets measured at fair value
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
113.0

 
$

 
$
113.0

 
$
56.6

 
$

 
$
56.6

Other current assets:
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts

 

 

 

 
1.1

 
1.1

Commodity hedge contracts

 
1.6

 
1.6

 

 
0.5

 
0.5

Other non-current assets:
 
 
 
 
 
 
 
 
 
 
 
Commodity hedge contracts

 
0.4

 
0.4

 

 
0.3

 
0.3

Assets measured at fair value
$
113.0

 
$
2.0

 
$
115.0

 
$
56.6

 
$
1.9

 
$
58.5

 
 
 
 
 
 
 
 
 
 
 
 
Liabilities measured at fair value
 
 
 
 
 
 
 
 
 
 
 
Accrued liabilities:
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
$

 
$
(0.7
)
 
$
(0.7
)
 
$

 
$

 
$

Commodity hedge contracts

 
(34.5
)
 
(34.5
)
 

 
(41.2
)
 
(41.2
)
Other non-current liabilities—commodity hedge contracts

 
(6.4
)
 
(6.4
)
 

 
(9.5
)
 
(9.5
)
Liabilities measured at fair value
$

 
$
(41.6
)
 
$
(41.6
)
 
$

 
$
(50.7
)
 
$
(50.7
)
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities measured at other than fair value
 
 
 
 
 
 
 
 
 
 
 
Long-term debt, including current portions:
 
 
 
 
 
 
 
 
 
 
 
Fair value
$

 
$
(1,857.0
)
 
$
(1,857.0
)
 
$

 
$
(1,573.3
)
 
$
(1,573.3
)
Carrying amount

 
(2,336.4
)
 
(2,336.4
)
 

 
(2,354.1
)
 
(2,354.1
)
Assets and liabilities measured at fair value on a recurring basis are presented below:
 
2015
 
2014
 
Level 1
 
Level 2
 
Total
 
Level 1
 
Level 2
 
Total
Assets measured at fair value
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
56.6

 
$

 
$
56.6

 
$
70.2

 
$

 
$
70.2

Other current assets:
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts

 
1.1

 
1.1

 

 
1.2

 
1.2

Commodity hedge contracts

 
0.5

 
0.5

 

 
3.6

 
3.6

Other non-current assets:
 
 
 
 
 
 
 
 
 
 
 
Available for sale investments—cash and cash equivalents

 

 

 
3.3

 

 
3.3

Commodity hedge contracts

 
0.3

 
0.3

 

 
1.8

 
1.8

Assets measured at fair value
$
56.6

 
$
1.9

 
$
58.5

 
$
73.5

 
$
6.6

 
$
80.1

 
 
 
 
 
 
 
 
 
 
 
 
Liabilities measured at fair value
 
 
 
 
 
 
 
 
 
 
 
Accrued liabilities:
 
 
 
 
 
 
 
 
 
 
 
Commodity hedge contracts
$

 
$
(41.2
)
 
$
(41.2
)
 
$

 
$
(36.2
)
 
$
(36.2
)
Other non-current liabilities—commodity hedge contracts

 
(9.5
)
 
(9.5
)
 

 
(5.7
)
 
(5.7
)
Liabilities measured at fair value
$

 
$
(50.7
)
 
$
(50.7
)
 
$

 
$
(41.9
)
 
$
(41.9
)
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities measured at other than fair value
 
 
 
 
 
 
 
 
 
 
 
Long-term debt, including current portions:
 
 
 
 
 
 
 
 
 
 
 
Fair value
$

 
$
(1,573.3
)
 
$
(1,573.3
)
 
$

 
$
(2,478.3
)
 
$
(2,478.3
)
Carrying amount

 
(2,354.1
)
 
(2,354.1
)
 

 
(2,422.0
)
 
(2,422.0
)