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Fair Value of Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2020
Fair Value Disclosures [Abstract] |
Fair Value By Balance Sheet Grouping | The estimated fair value of financial instruments at June 30, 2020 was as follows:
|  |  | Fair Value Measurements at Reporting Date Using |  |  |  |
(In millions) | Total Carrying Amount |  | Total Estimated Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2)
Cash and cash equivalents | $ | 539.1 |  |  | $ | 539.1 |  |  | $ | 539.1 |  |  | $ | — |
Derivative financial instruments: |  |  |  |  |  |  |
Assets | 1.5 |  |  | 1.5 |  |  | — |  |  | 1.5 |
Liabilities | 8.0 |  |  | 8.0 |  |  | — |  |  | 8.0 |
Debt (a) | 1,596.1 |  |  | 1,563.8 |  |  | 1,336.9 |  |  | 226.9 |
The estimated fair value of financial instruments at December 31, 2019 was as follows:
|  |  | Fair Value Measurements at Reporting Date Using |  |  |  |
(In millions) | Total Carrying Amount |  | Total Estimated Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2)
Cash and cash equivalents | $ | 490.8 |  |  | $ | 490.8 |  |  | $ | 490.8 |  |  | $ | — |
Derivative financial instruments: |  |  |  |  |  |  |
Assets | 5.6 |  |  | 5.6 |  |  | — |  |  | 5.6 |
Liabilities | 7.5 |  |  | 7.5 |  |  | — |  |  | 7.5 |
Debt (a) | 1,411.2 |  |  | 1,676.5 |  |  | 1,552.8 |  |  | 123.7 |
(a)The total carrying amount for debt for both periods excludes debt issuance costs related to the recognized debt liability which is presented in the consolidated balance sheet as a direct reduction from the carrying amount of the debt liability. The June 30, 2020 debt carrying value includes $50.3 million recorded in stockholders’ equity for a portion of the 2025 Convertible Notes due to the flexible settlement feature of the notes (see Note 8).

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- 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
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