Basis of fair value measurements | |||||||||||||||||
Balance at December 31, 2013 | Quoted prices in active markets for identical items (Level 1) | Significant other observable inputs (Level 2) | Significant unobservable inputs (Level 3) | Valuation technique | |||||||||||||
(millions of dollars) | |||||||||||||||||
Assets: | |||||||||||||||||
Foreign currency contracts | $ | 3.4 | $ | — | $ | 3.4 | $ | — | A | ||||||||
Other non-current assets (insurance settlement agreement note receivable) | $ | 35.6 | $ | — | $ | 35.6 | $ | — | C | ||||||||
Liabilities: | |||||||||||||||||
Foreign currency contracts | $ | 7.4 | $ | — | $ | 7.4 | $ | — | A | ||||||||
Net investment hedge contracts | $ | 24.3 | $ | — | $ | 24.3 | $ | — | A | ||||||||
Basis of fair value measurements | |||||||||||||||||
(millions of dollars) | Balance at December 31, 2012 | Quoted prices in active markets for identical items (Level 1) | Significant other observable inputs (Level 2) | Significant unobservable inputs (Level 3) | Valuation technique | ||||||||||||
Assets: | |||||||||||||||||
Foreign currency contracts | $ | 5.9 | $ | — | $ | 5.9 | $ | — | A | ||||||||
Other non-current assets (insurance settlement agreement note receivable) | $ | 41.0 | $ | — | $ | 41.0 | $ | — | C | ||||||||
Liabilities: | |||||||||||||||||
Foreign currency contracts | $ | 9.8 | $ | — | $ | 9.8 | $ | — | A | ||||||||
Net investment hedge contracts | $ | 58.1 | $ | — | $ | 58.1 | $ | — | A | ||||||||