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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2015
Fair Value Disclosures [Abstract] |
Fair Value, Assets Measured on Recurring Basis | The following tables present the Company’s financial instruments, assets and liabilities that are measured at fair value on a recurring basis:
|  |  |  | Fair Value Measurement Using
(amounts in millions) |  | December 31, 2015 |  | Quoted prices in active markets (Level 1) |  | Significant other observable inputs (Level 2) |  | Significant unobservable inputs (Level 3)
Asset Category |  |  |  |  |  |  |  |
Cash equivalents |  | $ | 59.4 |  |  | $ | 2.9 |  |  | $ | 56.5 |  |  | $ | — |
Available for sale equity securities |  | 6.6 |  |  | 5.8 |  |  | 0.8 |  |  | — |
Derivatives |  | 2.1 |  |  | — |  |  | 2.1 |  |  | — |
Total |  | $ | 68.1 |  |  | $ | 8.7 |  |  | $ | 59.4 |  |  | $ | — |
Liability Category |  |  |  |  |  |  |  |  |  |  |  |
Long term contingent consideration |  | $ | 70.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 70.7 |
Derivatives |  | 13.5 |  |  | — |  |  | 13.5 |  |  | — |
Total |  | $ | 84.2 |  |  | $ | — |  |  | $ | 13.5 |  |  | $ | 70.7 |
|  |  |  | Fair Value Measurement Using
(amounts in millions) |  | December 31, 2014 |  | Quoted prices in active markets (Level 1) |  | Significant other observable inputs (Level 2) |  | Significant unobservable inputs (Level 3)
Asset Category |  |  |  |  |  |  |  |
Cash equivalents |  | $ | 15.4 |  |  | $ | 15.4 |  |  | $ | — |  |  | $ | — |
Available for sale equity securities |  | 2.3 |  |  | 1.5 |  |  | 0.8 |  |  | — |
Total |  | $ | 17.7 |  |  | $ | 16.9 |  |  | $ | 0.8 |  |  | $ | — |
Liability Category |  |  |  |  |  |  |  |  |  |  |  |
Long term contingent consideration |  | $ | 63.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 63.9 |
Derivatives |  | 0.1 |  |  | — |  |  | 0.1 |  |  | — |
Total |  | $ | 64.0 |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | 63.9 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | The following table provides a reconciliation of the beginning and ending balances for the year ended December 31, 2015 for assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3).
(amounts in millions) |  | Insurance "Buy-in" Policy
Fair value measurements using significant unobservable inputs (Level 3) |  | December 31, 2015 |  | December 31, 2014
Beginning balance, January 1, 2015 |  | $ | 83.2 |  |  | $ | — |
Changes in fair value |  | (6.0 | ) |  | — |
Purchases, sales and settlements(1) |  | — |  |  | 83.2 |
Transfers into Level 3 |  | — |  |  | — |
Transfers out of Level 3 |  | — |  |  | — |
Ending balance, December 31, 2015 |  | $ | 77.2 |  |  | $ | 83.2 |
(1) There were no purchases, sales or settlements, on a gross basis, for the year ended December 31, 2015. There were no sales or settlements, on a gross basis, for the year ended December 31, 2014. The following table provides a reconciliation of the beginning and ending balances for the year ended December 31, 2015 for assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3):
(amounts in millions) |  | Long-term contingent consideration
Fair value measurements using significant unobservable inputs (Level 3) |  | December 31, 2015 |  | December 31, 2014
Beginning balance |  | $ | 63.9 |  |  | $ | 34.8 |
Changes in fair value |  | 6.8 |  |  | 29.1 |
Purchases, sales and settlements (1) |  | — |  |  | — |
Transfers into Level 3 |  | — |  |  | — |
Transfers out of Level 3 |  | — |  |  | — |
Ending balance |  | $ | 70.7 |  |  | $ | 63.9 |
(1) There were no purchases, sales or settlements on a gross basis for the years ended December 31, 2015 and 2014.
Fair Value Measurements, Nonrecurring | The following table presents the carrying value and estimated fair value of the Company’s long term debt as of the dates indicated below:
(amounts in millions) |  | December 31, 2015 |  | December 31, 2014
|  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
USD Notes, due 2022 |  | $ | 1,081.1 |  |  | $ | 946.3 |  |  | $ | — |  |  | $ | — |
EUR Notes, due 2023 |  | 374.0 |  |  | 326.7 |  |  | — |  |  | — |
USD Notes, due 2021 |  | 487.5 |  |  | 500.0 |  |  | — |  |  | — |
First Lien Credit Facility |  | 735.6 |  |  | 710.3 |  |  | 743.0 |  |  | 728.8 |
USD Incremental Loan |  | 290.8 |  |  | 285.8 |  |  | 292.7 |  |  | 293.3 |
CAS U.S. Dollar Tranche B Term Loan |  | 121.9 |  |  | 123.9 |  |  | 121.7 |  |  | 127.1 |
Arysta U.S. Dollar Tranche B-2 Term Loan |  | 481.2 |  |  | 477.7 |  |  | — |  |  | — |
Alent U.S. Dollar Tranche B-3 Term Loan |  | 1,001.8 |  |  | 1,005.9 |  |  | — |  |  | — |
CAS EURO Tranche C-1 Term Loan |  | 219.0 |  |  | 215.4 |  |  | 246.2 |  |  | 242.5 |
Arysta EURO Tranche C-1 Term Loan |  | 87.2 |  |  | 87.5 |  |  | — |  |  | — |
Alent EURO Tranche C-2 Term Loan |  | 313.0 |  |  | 321.4 |  |  | — |  |  | — |
Enthone Financing Liability |  | 13.0 |  |  | 13.0 |  |  | — |  |  | — |
Capital lease obligations |  | 5.5 |  |  | 5.3 |  |  | 2.0 |  |  | 2.6 |
|  | $ | 5,211.6 |  |  | $ | 5,019.2 |  |  | $ | 1,405.6 |  |  | $ | 1,394.3 |

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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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19296-110258 + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=36462937&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 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + 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=36462937&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=36462937&loc=d3e19279-110258 + Details
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