FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2022

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


			Fair Value Measurements at March 31, 2022 Using
							Significant
	Total Carrying		Quoted prices in		Significant other		unobservable
	Value at		active market		observable inputs		inputs
(In millions)	March 31, 2022		(Level 1)		(Level 2)		(Level 3)
Other long-term assets:
Money market mutual funds	$	2.0	$	2.0	$	—	$	—
Investments measured at net asset value (1)		9.8		—		—		—
Investment in Hycroft Mining Holding Corporation warrants		38.0		—		—		38.0
Marketable equity securities:
Investment in Hycroft Mining Holding Corporation		53.8		53.8		—		—
Investment in NCM		15.1		15.1		—		—
Total assets at fair value	$	118.7	$	70.9	$	—	$	38.0

(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. The plan was terminated on May 3, 2021 and will be liquidated in May 2022.

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, 2022 Using
					Significant other		Significant
	Total Carrying		Quoted prices in		observable		unobservable
	Value at		active market		inputs		inputs
(In millions)	March 31, 2022		(Level 1)		(Level 2)		(Level 3)
Current maturities of corporate borrowings	$	20.0	$	—	$	17.9	$	—
Corporate borrowings		5,501.8		—		4,176.8		570.1