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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 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:
 
2017
 
2016
 
Level 1
 
Level 2
 
Total
 
Level 1
 
Level 2
 
Total
Assets measured at fair value
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents (a)
$
38.0

 
$

 
$
38.0

 
$
48.2

 
$
125.0

 
$
173.2

Other current assets:
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts

 
0.2

 
0.2

 

 
0.1

 
0.1

Commodity hedge contracts

 
35.2

 
35.2

 

 
47.0

 
47.0

Other non-current assets:
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts

 
1.7

 
1.7

 

 

 

Commodity hedge contracts

 
10.6

 
10.6

 

 
15.3

 
15.3

Assets measured at fair value
$
38.0

 
$
47.7

 
$
85.7

 
$
48.2

 
$
187.4

 
$
235.6

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

 
$
(0.3
)
 
$
(0.3
)
 
$

 
$

 
$

Commodity hedge contracts

 
(4.9
)
 
(4.9
)
 

 
(1.8
)
 
(1.8
)
Other non-current liabilities—commodity hedge contracts

 
(0.5
)
 
(0.5
)
 

 
(0.6
)
 
(0.6
)
Liabilities measured at fair value
$

 
$
(5.7
)
 
$
(5.7
)
 
$

 
$
(2.4
)
 
$
(2.4
)
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities measured at other than fair value
 
 
 
 
 
 
 
 
 
 
 
Long-term debt, including current portions:
 
 
 
 
 
 
 
 
 
 
 
Fair value
$

 
$
(2,273.4
)
 
$
(2,273.4
)
 
$

 
$
(2,123.2
)
 
$
(2,123.2
)
Carrying amount

 
(2,110.1
)
 
(2,110.1
)
 

 
(1,816.6
)
 
(1,816.6
)


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