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Fair Value (Tables)

6 Months Ended

Jun. 30, 2018

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The estimated fair value of our financial assets and liabilities that are recognized at fair value on a recurring basis, using available market information and other observable data, are as follows:

		June 30, 2018								December 31, 2017
		Carrying Amount				Fair Value				Carrying Amount				Fair Value				Input
		(in millions)
Balance Sheet Classification
Cash equivalents		$	108.4			$	108.4			$	72.8			$	72.8			Level 1
Prepaid expenses and other
Cash flow hedges - currency forward contracts		0.5				0.5				0.1				0.1				Level 2
Cash flow hedges - variable-to-fixed interest rate swap		0.4				0.4				1.3				1.3				Level 2
Nondesignated - currency forward contracts		0.1				0.1				—				—				Level 2
Other assets and deferred charges
Cash flow hedges - currency forward contracts		0.2				0.2				0.2				0.2				Level 2
Cash flow hedges - variable-to-fixed interest rate swap		1.8				1.8				0.9				0.9				Level 2
Accrued expenses and other
Cash flow hedges - currency forward contracts		3.3				3.3				6.0				6.0				Level 2
Nondesignated - currency forward contracts		1.5				1.5				2.8				2.8				Level 2
Postretirement benefits and other long-term liabilities
Cash flow hedges - currency forward contracts		2.0				2.0				2.6				2.6				Level 2
Cash flow hedges - variable-to-fixed interest rate swap		1.0				1.0				0.3				0.3				Level 2

Fair Value, Financial Instruments not Carried at Fair Value [Table Text Block]

We estimated the fair value of the amounts outstanding on our debt using available market information and other observable data, to be as follows:

		June 30, 2018								December 31, 2017
		Carrying  Amount				Fair Value				Carrying  Amount				Fair Value				Input
		(in millions)
Revolving Credit Facility		$	—			$	—			$	—			$	—			Level 2
Term Loan A Facility		92.5				91.9				92.5				92.5				Level 2
Term Loan B Facility		1,526.8				1,517.2				1,526.8				1,528.7				Level 2
7.75% Notes due 2019		200.0				209.5				200.0				217.5				Level 2
6.625% Notes due 2022		450.0				460.7				550.0				570.2				Level 2
6.50% Notes due 2027		500.0				494.4				500.0				527.5				Level 2
6.25% Notes due 2026		400.0				389.0				—				—				Level 2
6.25% Notes due 2025		700.0				683.9				700.0				736.8				Level 2
6.25% Notes due 2021		—				—				400.0				410.0				Level 2

Impairments of Long-Lived Assets Measured at Fair Value [Table Text Block]

The following table summarizes the impairments of long-lived assets measured at fair value on a nonrecurring basis subsequent to initial recognition:

Balance Sheet Classification		Fair Value at June 30, 2018				Asset Impairment for the Six Months Ended June 30, 2018
		(in millions)
Property, plant and equipment, net		$	—			$	23.6
Other assets and deferred charges		—				0.3

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

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