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Financial Instruments And Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Summary Of Carrying Values And Fair Values Of Fixed Rate Debt

A summary of the aggregate carrying values and fair values of our fixed rate long-term debt is as follows:

			September 30, 2020						December 31, 2019
Carrying value			$	2,089.7					$	1,934.1
Fair value			$	2,306.0					$	2,001.8

Nonfinancial Assets Measured and Recorded At Fair Value On A Nonrecurring Basis

The following table presents nonfinancial assets measured and recorded at fair value on a nonrecurring basis during the nine months ended September 30, 2020 and 2019:

						2020																		2019
Description						Fair Value Measurements Using Significant Unobservable Inputs (Level 3)						Gain/(Loss)						Fair Value Measurements Using Significant Unobservable Inputs (Level 3)						Gain/(Loss)
Goodwill						$	457.5					$	(318.3)					$	—					$	—
Franchise rights and other						$	26.2					$	(59.9)					$	8.9					$	(9.9)
Right-of-use assets						$	5.0					$	(2.0)					$	0.1					$	(0.2)
Long-lived assets held and used						$	1.8					$	(6.9)					$	—					$	(0.1)
Long-lived assets held for sale:
Continuing operations						$	—					$	—					$	26.1					$	(1.6)
Discontinued operations						—						—						5.4						(0.5)
Total assets held for sale						$	—					$	—					$	31.5					$	(2.1)

Quantitative Information about Level 3 Fair Value Measurements

Quantitative Information about Level 3 Fair Value Measurements

Description						Fair Value at March 31, 2020						Valuation Technique						Unobservable Input						Range (Average)
Franchise rights						$	24.6					Discounted cash flow						Weighted average cost of capital						8.5		%
																		Discount rate						11.1% - 14.3% (12.1%)
																		Long-term revenue growth rate						2.0		%
																		Long-term pretax income margin						0.6% - 2.8% (1.4%)
																		Contributory asset charges						4.2% - 12.1% (6.2%)

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

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

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- 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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-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
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