FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2021

FAIR VALUE MEASUREMENTS

Schedule of Fair Value Hierarchy of Financial Assets Carried at Fair Value on a Recurring Basis


					Fair Value Measurements at March 31, 2021 Using
											Significant
		Total Carrying			Quoted prices in			Significant other			unobservable
		Value at			active market			observable inputs			inputs
(In millions)		March 31, 2021			(Level 1)			(Level 2)			(Level 3)
Other long-term assets:
Money market mutual funds		$	1.1		$	1.1		$	—		$	—
Investments measured at net asset value(1)			10.7			—			—			—
Marketable equity securities:
Investment in NCM			5.8			5.8			—			—
Total assets at fair value		$	17.6		$	6.9		$	—		$	—

(1)

The investments relate to non-qualified deferred compensation arrangements 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 March 31, 2021 Using
								Significant other			Significant
		Total Carrying			Quoted prices in			observable			unobservable
		Value at			active market			inputs			inputs
(In millions)		March 31, 2021			(Level 1)			(Level 2)			(Level 3)
Current maturities of corporate borrowings		$	20.0		$	—		$	17.4		$	—
Corporate borrowings			5,439.4			—			3,838.9			719.5