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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on a Recurring Basis

Our financial assets and liabilities that are measured at fair value on a recurring basis are as follows (in millions):

					Fair Value Measurements at Reporting Date Using
As of March 31, 2019	Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Valuation Technique (1)
Other long-term assets:
Restricted marketable securities	$	63.6			$	6.7			$	56.9			$	—			M
Redeemable noncontrolling interests	273.0				—				—				273.0				I
As of December 31, 2018
Other long-term assets:
Restricted marketable securities	$	62.0			$	6.4			$	55.6			$	—			M
Redeemable noncontrolling interests	261.7				—				—				261.7				I

⁽¹⁾ The three valuation techniques are: market approach (M), cost approach (C), and income approach (I).

Schedule of Carrying Amounts and Estimated Fair Values, Financial Instruments

The carrying amounts and estimated fair values for all of our other financial instruments are presented in the following table (in millions):

	As of March 31, 2019								As of December 31, 2018
	Carrying Amount				Estimated Fair Value				Carrying Amount				Estimated Fair Value
Long-term debt:
Advances under revolving credit facility	$	25.0			$	25.0			$	30.0			$	30.0
Term loan facilities	276.4				277.5				280.1				281.3
5.125% Senior Notes due 2023	296.8				305.3				296.6				298.5
5.75% Senior Notes due 2024	1,194.8				1,221.0				1,194.7				1,200.0
5.75% Senior Notes due 2025	345.2				357.9				345.0				339.5
Other notes payable	20.8				20.8				104.2				104.2
Financial commitments:
Letters of credit	—				39.1				—				37.4

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- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

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- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

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