The following is a summary of the carrying amounts and estimated fair values of our long-term debt and commodity purchase contracts as of March 31, 2016 and December 31, 2015:


	March 31, 2016				December 31, 2015
*(In millions)*	Carrying Value		Fair Value		Carrying Value		Fair Value
Level 1:
Long-term debt:
4.625 Notes (net of debt issuance costs totaling $9.2 million and $9.6 million at March 31, 2016 and December 31, 2015, respectively)	$	678.8	$	666.9	$	678.4	$	635.1

4.875 Notes (net of debt issuance costs totaling $5.6 million and $5.8 million at March 31, 2016 and December 31, 2015 , respectively)	$	444.4	$	440.7	$	444.2	$	408.4

Level 2:

Long-term debt:
New Term Loan Facility (net of deferred financing fees totaling $3.0 million and $3.1 million at March 31, 2016 and December 31, 2015, respectively)	$	243.9	$	247.2	$	244.4	$	247.8

Derivative instruments:

Commodity purchase contracts	$	(0.4)	$	(0.4)	$	(0.4)	$	(0.4)