Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2017

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:

	June 30, 2017								December 31, 2016
	Level 1		Level 2			Total			Level 1		Level 2			Total
Assets measured at fair value
Cash and cash equivalents (a)	$	91.3	$	45.0		$	136.3		$	48.2	$	125.0		$	173.2
Other current assets:
Foreign exchange contracts	—		—			—			—		0.1			0.1
Commodity hedge contracts	—		27.8			27.8			—		47.0			47.0
Other non-current assets:
Commodity hedge contracts	—		3.8			3.8			—		15.3			15.3
Assets measured at fair value	$	91.3	$	76.6		$	167.9		$	48.2	$	187.4		$	235.6
Liabilities measured at fair value
Accrued liabilities:
Foreign exchange contracts	$	—	$	(0.6	)	$	(0.6	)	$	—	$	—		$	—
Commodity hedge contracts	$	—	$	(3.3	)	$	(3.3	)	$	—	$	(1.8	)	$	(1.8	)
Other non-current liabilities:
Commodity hedge contracts	—		(0.7		)	(0.7		)	—		(0.6		)	(0.6		)
Liabilities measured at fair value	$	—	$	(4.6	)	$	(4.6	)	$	—	$	(2.4	)	$	(2.4	)
Liabilities measured at other than fair value
Long-term debt, including current portions:
Fair value	$	—	$	(1,893.3	)	$	(1,893.3	)	$	—	$	(2,123.2	)	$	(2,123.2	)
Carrying amount	—		(1,689.7		)	(1,689.7		)	—		(1,816.6		)	(1,816.6		)

(a)

Level 2 assets include money market mutual funds invested in U.S. Treasury obligations.