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

 

 

 
   September 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     $ 663.9     $ 688.0     $ 676.4  

4.875 Notes

     $ 450.0     $ 432.8     $ 450.0     $ 426.9  

Level 2:

   ​     ​     ​     ​    

Long-term debt:

                          

Term Loan (net of debt issuance costs totaling $2.0 million at September 30, 2014 and $2.4 million at December 31, 2013)

     $ 193.1     $ 194.2     $ 194.8     $ 199.0  

Derivative instrument:

                          

Commodity purchase contracts

     $ 1.7     $ 1.7     $ -     $ -