v3.2.0.727
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2015
FAIR VALUE OF FINANCIAL INSTRUMENTS  
Summary of the carrying values and estimated fair values of long-term debt

 

 

 

June 30, 2015

 

December 31, 2014

 

(In millions) 

 

Carrying
Value

 

Fair
Value

 

Carrying
Value

 

Fair
Value

 

Level 1:

   

​  

 

   

​  

 

   

​  

 

   

​  

 

   

Long-term debt:

 

 

 

 

 

 

 

 

 

 

 

 

 

4.625 Notes

   

$  

688.0

   

$  

675.1

   

$  

688.0

   

$  

651.9

   

4.875 Notes

 

$

450.0

 

$

436.8

 

$

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 $2.8 million at June 30, 2015)

 

$

246.0

 

$

250.9

 

$

-

 

$

-

 

Derivative instruments:

   

​  

 

   

​  

 

   

​  

 

   

​  

 

   

Commodity purchase contracts

 

$

(3.4

)

$

(3.4

)

$

(12.9

)

$

(12.9

)