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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Carrying Amount and Fair Values of the Company's Assets and Liabilities Measured on a Recurring Basis

The following table presents the carrying amount and fair values of the Company’s assets and liabilities measured on a recurring basis:

 

    December 31,
2013		     December 31,
2012		  

(in millions)

   Carrying
Amount		     Fair
Value		     Carrying
Amount		     Fair
Value		  

Assets

        

Non-derivatives:

        

Cash and cash equivalents

   $ 80.2      $ 80.2      $ 22.4      $ 22.4   

Short-term investments

     6.6        6.6        5.1        5.1   

Non-financial assets (Level 3 measurement):

        

Goodwill – Octane Additives

     0.0        0.0        1.3        1.3   

Derivatives (Level 1 measurement):

        

Other non-current assets:

        

Commodity swaps

     0.0        0.0        0.1        0.1   

Foreign currency forward exchange contracts

     1.0        1.0        0.8        0.8   

Liabilities

        

Non-derivatives:

        

Long-term debt (including current portion)

   $ 148.0      $ 148.0      $ 30.0      $ 30.0   

Non-financial liabilities (Level 3 measurement):

        

Stock equivalent units

     12.1        12.1        12.6        12.6   

Acquisition-related contingent consideration

     4.6        4.6        4.3        4.3   
Summary of Cumulative Gains and Losses on the Interest Rate Swaps and Commodity Swaps

The cumulative gains and losses on the interest rate swaps and commodity swaps are summarized as follows:

 

(in millions)

    2013     2012  

Balance at January 1

    $ 0.1      $ 0.1   

Change in fair value

      (0.1 )      0.0   
  

 

 

    

 

 

  

Balance at December 31

    $ 0.0      $ 0.1