v2.4.1.9

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 3 Months Ended
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Mar. 31, 2015
FAIR VALUE OF FINANCIAL INSTRUMENTS |
Summary of the carrying values and estimated fair values of long-term debt |
|  | March 31, 2015 |  | December 31, 2014 |
(In millions) |  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value |
Level 1: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Long-term debt: |  |  |  |  |  |  |  |  |  |  |  |  |
4.625 Notes |  | $ | 688.0 |  | $ | 681.1 |  | $ | 688.0 |  | $ | 651.9 |
4.875 Notes |  | $ | 450.0 |  | $ | 446.9 |  | $ | 450.0 |  | $ | 426.7 |
Level 2: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Long-term debt: |  |  |  |  |  |  |  |  |  |  |  |  |
Term Loan (net of debt issuance costs totaling $1.8 million at December 31, 2014) |  | $ | - |  | $ | - |  | $ | 192.6 |  | $ | 194.4 |
Term Loan (net of debt issuance costs and discounts totaling $2.9 million at March 31, 2015) |  | $ | 246.5 |  | $ | 246.4 |  | $ | - |  | $ | - |
Derivative instruments: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Commodity purchase contracts |  | $ | (5.4 | ) | $ | (5.4 | ) | $ | (12.9 | ) | $ | (12.9 | )

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