v3.10.0.1
FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2018
FAIR VALUE MEASUREMENTS  
Schedule of Fair Value Hierarchy of Financial Assets Carried at Fair Value on a Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at September 30, 2018 Using

 

 

 

 

 

 

 

 

 

 

 

Significant

 

    

Total Carrying

    

Quoted prices in

    

Significant other

    

unobservable

 

 

Value at

 

active market

 

observable inputs

 

inputs

(In millions)

 

September 30, 2018

 

(Level 1)

 

(Level 2)

 

(Level 3)

Other long-term assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market mutual funds

 

$

0.5

 

$

0.5

 

$

 —

 

$

 —

Equity securities, available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

Investments measured at net asset value (1)

 

 

10.8

 

 

 —

 

 

 —

 

 

 —

Total assets at fair value

 

$

11.3

 

$

0.5

 

$

 —

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

Other long-term liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liability

 

$

144.5

 

$

 —

 

$

 —

 

$

144.5

Total liabilities at fair value

 

$

144.5

 

$

 —

 

$

 —

 

$

144.5


(1)

The investments relate to a non-qualified deferred compensation arrangement on behalf of certain members of management. The Company has an equivalent liability for this related-party transaction recorded in other long-term liabilities for the deferred compensation obligation.

Schedule of Fair Value of Financial Instruments Not Recognized at Fair Value for Which It Is Practicable to Estimate Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

 

Fair Value Measurements at September 30, 2018 Using

 

 

 

    

 

    

Significant other

    

Significant

 

 

Total Carrying

 

Quoted prices in

 

observable

 

unobservable

 

 

Value at

 

active market

 

inputs

 

inputs

(In millions)

 

September 30, 2018

 

(Level 1)

 

(Level 2)

 

(Level 3)

Current maturities of corporate borrowings

 

$

15.2

 

$

 

$

14.0

 

$

1.4

Corporate borrowings

 

 

4,833.6

 

 

 

 

4,298.1

 

 

510.2