v2.4.0.8
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2014
FAIR VALUE OF FINANCIAL INSTRUMENTS  
Summary of the carrying values and estimated fair values of long-term debt

 

 

 
   June 30, 2014   December 31, 2013  
(In millions)
   Carrying
Amount		   Fair
Value		   Carrying
Amount		   Fair
Value		  

Level 1:

   ​     ​     ​     ​    

Long-term debt:

                          

4.625 Notes

     $ 688.0     $ 690.6     $ 688.0     $ 676.4  

4.875 Notes

     450.0     449.2     450.0     426.9  

Level 2:

   ​     ​     ​     ​    

Long-term debt:

                          

Term Loan (net of debt issuance costs totaling $2.2 million at June 30, 2014 and $2.4 million at December 31, 2013)

   ​ 193.6   ​ 196.7   ​ 194.8   ​ 199.0  

ABL Revolver due 2018

     13.7     13.7     -     -  

Derivative instrument:

   ​     ​     ​     ​    

Commodity hedge contract liability

     0.1     0.1     -     -