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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Carrying Value and Fair Value of Debt

The carrying value and fair value of debt as of September 30, 2015 and December 31, 2014 were as follows:

 

(In millions)    September 30, 2015      December 30, 2014  
     Carrying
Value
     Fair
Value
     Carrying
Value
     Fair
Value
 

Revolving credit facility

   $ —         $ —         $ 145.0       $ 145.0   

Term loan, including current portion

     450.0         450.0         525.0         525.0   

Senior Notes, net of underwriting commissions and price discounts

     891.4         904.4         —           —     
Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014 were as follows:

 

(In millions)    Fair Value  
     September 30,
2015
     December 31,
2014
 

Assets

     

Derivative financial instruments (level 2)

   $ 6.1       $ 5.6   

Deferred compensation program assets (level 1)

     3.0         3.3   
  

 

 

    

 

 

 

Total assets

   $ 9.1       $ 8.9   

Liabilities

     

Derivative financial instruments (level 2)

   $ 3.3       $ 5.4