XML 76 R29.htm IDEA: XBRL DOCUMENT v3.20.1

Fair Value (Tables)

3 Months Ended

Mar. 31, 2020

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:

						March 31, 2020																		December 31, 2019
						Carrying Amount						Fair Value						Carrying Amount						Fair Value						Input
						(in millions)
Balance Sheet Classification
Cash equivalents						$	158.6					$	158.6					$	271.3					$	271.3					Level 1
Prepaid expenses and other
Cash flow hedges - currency forward contracts						—						—						5.0						5.0						Level 2
Cash flow hedges - variable-to-fixed interest rate swap						4.9						4.9						0.9						0.9						Level 2
Nondesignated - currency forward contracts						0.1						0.1						1.9						1.9						Level 2
Other assets and deferred charges
Cash flow hedges - currency forward contracts						—						—						3.4						3.4						Level 2
Cash flow hedges - fixed-to-fixed cross-currency swap						7.4						7.4						1.1						1.1						Level 2
Cash flow hedges - variable-to-fixed interest rate swap						10.7						10.7						2.2						2.2						Level 2
Accrued expenses and other
Cash flow hedges - currency forward contracts						9.1						9.1						—						—						Level 2
Cash flow hedges - variable-to-fixed interest rate swap						19.0						19.0						7.9						7.9						Level 2
Nondesignated - currency forward contracts						7.0						7.0						—						—						Level 2
Postretirement benefits and other long-term liabilities
Cash flow hedges - currency forward contracts						8.8						8.8						—						—						Level 2
Cash flow hedges - variable-to-fixed interest rate swap						41.7						41.7						18.4						18.4						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:

						March 31, 2020																		December 31, 2019
						Carrying  Amount						Fair Value						Carrying  Amount						Fair Value						Input
						(in millions)
Revolving Credit Facility						$	200.0					$	200.0					$	—					$	—					Level 2
Term Loan A Facility						340.0						306.9						340.0						337.9						Level 2
Term Loan B Facility						1,188.8						974.8						1,188.8						1,174.0						Level 2
6.625% Notes due 2022						350.0						294.0						450.0						455.4						Level 2
6.50% Notes due 2027						500.0						372.5						500.0						516.3						Level 2
6.25% Notes due 2026						400.0						300.0						400.0						409.0						Level 2
6.25% Notes due 2025						700.0						525.0						700.0						716.6						Level 2

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration