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FAIR VALUE MEASUREMENTS (Tables) | 3 Months Ended
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Mar. 31, 2017
Fair Value Disclosures [Abstract] |
Fair Value, by Balance Sheet Grouping [Table Text Block] | The following represents the assets and liabilities of the Company measured at fair value at March 31, 2017 and December 31, 2016:
| (In Millions)
| March 31, 2017
Description | Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Assets: |  |  |  |  |  |  |
Cash equivalents | $ | 90.0 |  |  | $ | 45.0 |  |  | $ | — |  |  | $ | 135.0 |
Derivative assets | — |  |  | — |  |  | 59.4 |  |  | 59.4 |
Loans to and accounts receivable from the Canadian Entities | — |  |  | — |  |  | 49.0 |  |  | 49.0 |
Total | $ | 90.0 |  |  | $ | 45.0 |  |  | $ | 108.4 |  |  | $ | 243.4 |
Liabilities: |  |  |  |  |  |  |
Derivative liabilities | $ | — |  |  | $ | — |  |  | $ | 9.1 |  |  | $ | 9.1 |
Contingent liabilities | — |  |  | — |  |  | 37.5 |  |  | 37.5 |
Total | $ | — |  |  | $ | — |  |  | $ | 46.6 |  |  | $ | 46.6 |
| (In Millions)
| December 31, 2016
Description | Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Assets: |  |  |  |  |  |  |
Cash equivalents | $ | 177.0 |  |  | $ | — |  |  | $ | — |  |  | $ | 177.0 |
Derivative assets | — |  |  | 1.5 |  |  | 31.6 |  |  | 33.1 |
Loans to and accounts receivable from the Canadian Entities | — |  |  | — |  |  | 48.6 |  |  | 48.6 |
Total | $ | 177.0 |  |  | $ | 1.5 |  |  | $ | 80.2 |  |  | $ | 258.7 |
Liabilities: |  |  |  |  |  |  |
Derivative liabilities | $ | — |  |  | $ | — |  |  | $ | 0.5 |  |  | $ | 0.5 |
Contingent liabilities | — |  |  | — |  |  | 37.2 |  |  | 37.2 |
Total | $ | — |  |  | $ | — |  |  | $ | 37.7 |  |  | $ | 37.7 |
Fair Value, Recurring and Nonrecurring, Valuation Techniques | The following table illustrates information about quantitative inputs and assumptions for the assets and liabilities categorized in Level 3 of the fair value hierarchy:
Qualitative/Quantitative Information About Level 3 Fair Value Measurements
|  | (In Millions) Fair Value at March 31, 2017 |  | Balance Sheet Location |  | Valuation Technique |  | Unobservable Input |  | Range or Point Estimate per dry metric ton (Weighted Average)
Provisional pricing arrangements |  | $ | 23.5 |  |  | Other current assets |  | Market Approach |  | Management's Estimate of Platts 62% Price |  | $79
|  |  |  | Hot-Rolled Coil Steel Estimate |  | $651
Provisional pricing arrangements |  | $ | 9.1 |  |  | Other current liabilities |  | Market Approach |  | Management's Estimate of Platts 62% Price |  | $79
Customer supply agreement |  | $ | 35.9 |  |  | Other current assets |  | Market Approach |  | Hot-Rolled Coil Steel Estimate |  | $520 - $630 ($575)
Loans to and accounts receivable from the Canadian Entities |  | $ | 49.0 |  |  | Loans to and accounts receivable from the Canadian Entities |  | * |  | * |  | N/A
Contingent liabilities |  | $ | 37.5 |  |  | Other liabilities |  | * |  | * |  | N/A
* To assess the fair value and recoverability of the amounts receivable from the Canadian Entities, we estimated the fair value of the underlying net assets of the Canadian Entities available for distribution to their creditors in relation to the estimated creditor claims and the priority of those claims. The recorded expenses include an accrual for the estimated probable loss related to claims that may be asserted against us. We are not able to estimate reasonably a range of possible losses in excess of the accrual because there are significant factual and legal issues to be resolved. Our estimates involve significant judgment. Our estimates are based on currently available information, an assessment of the validity of certain claims and estimated payments by the Canadian Entities.
Fair Value, Assets Measured On Recurring Basis, Unobservable Input Reconciliation |
| (In Millions)
| Level 3 Assets
| Three Months Ended March 31,
| 2017 |  | 2016
Beginning balance | $ | 80.2 |  |  | $ | 80.7 |
Total gains (losses) |  |  |
Included in earnings | 42.5 |  |  | 8.2 |
Settlements | (14.3 | ) |  | (10.0 | )
Transfers into Level 3 | — |  |  | — |
Transfers out of Level 3 | — |  |  | — |
Ending balance - March 31 | $ | 108.4 |  |  | $ | 78.9 |
Total gains for the period included in earnings attributable to the change in unrealized gains on assets still held at the reporting date | $ | 33.2 |  |  | $ | 3.6 |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation |
| (In Millions)
| Level 3 Liabilities
| Three Months Ended March 31,
| 2017 |  | 2016
Beginning balance | $ | (37.7 | ) |  | $ | (135.8 | )
Total gains (losses) |  |  |
Included in earnings | (8.9 | ) |  | (7.9 | )
Settlements | — |  |  | 75.7 |
Transfers into Level 3 | — |  |  | — |
Transfers out of Level 3 | — |  |  | — |
Ending balance - March 31 | $ | (46.6 | ) |  | $ | (68.0 | )
Total losses for the period included in earnings attributable to the change in unrealized losses on liabilities still held at the reporting date | $ | (9.1 | ) |  | $ | (0.8 | )
Schedule Of Carrying Value And Fair Value Of Financial Instruments | A summary of the carrying amount and fair value of other financial instruments at March 31, 2017 and December 31, 2016 were as follows:
|  |  | (In Millions)
|  |  | March 31, 2017 |  | December 31, 2016
| Classification |  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Long-term debt: |  |  |  |  |  |  |  |  |
Secured Notes |  |  |  |  |  |  |  |  |
First Senior Lien Notes —$540 million | Level 1 |  | $ | 508.6 |  |  | $ | 583.9 |  |  | $ | 506.3 |  |  | $ | 595.0 |
1.5 Senior Lien Notes —$218.5 million | Level 2 |  | — |  |  | — |  |  | 284.2 |  |  | 229.5 |
Second Senior Lien Notes —$544.2 million | Level 1 |  | — |  |  | — |  |  | 339.1 |  |  | 439.7 |
Unsecured Notes |  |  |  |  |  |  |  |  |
Senior Notes—$500 million | Level 1 |  | 491.7 |  |  | 486.3 |  |  | — |  |  | — |
Senior Notes—$400 million | Level 1 |  | 88.5 |  |  | 88.4 |  |  | 224.5 |  |  | 219.6 |
Senior Notes—$1.3 billion | Level 1 |  | 414.5 |  |  | 358.9 |  |  | 528.4 |  |  | 455.8 |
Senior Notes—$700 million | Level 1 |  | 137.9 |  |  | 134.3 |  |  | 308.2 |  |  | 283.1 |
ABL Facility | Level 2 |  | — |  |  | — |  |  | — |  |  | — |
Fair value adjustment to interest rate hedge | Level 2 |  | 1.7 |  |  | 1.7 |  |  | 1.9 |  |  | 1.9 |
Total long-term debt |  |  | $ | 1,642.9 |  |  | $ | 1,653.5 |  |  | $ | 2,192.6 |  |  | $ | 2,224.6 |

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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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