|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Quoted Prices in |
|
| Significant |
|
| Significant |
|
| Fair Value at |
| ||||
Other investments: (A) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity mutual funds |
| $ | 21.6 |
|
| $ | — |
|
| $ | — |
|
| $ | 21.6 |
|
Municipal obligations |
|
| — |
|
|
| 26.6 |
|
|
| — |
|
|
| 26.6 |
|
Other investments |
|
| 0.6 |
|
|
| — |
|
|
| — |
|
|
| 0.6 |
|
Derivatives: (B) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commodity contracts – net |
|
| 0.7 |
|
|
| 0.7 |
|
|
| — |
|
|
| 1.4 |
|
Foreign currency exchange contracts – net |
|
| — |
|
|
| 0.5 |
|
|
| — |
|
|
| 0.5 |
|
Long-term debt (C) |
|
| (803.6) |
|
|
| (1,584.5 | ) |
|
| — |
|
|
| (2,388.1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total financial instruments measured at fair value |
| $ | (780.7) |
|
| $ | (1,556.7 | ) |
| $ | — |
|
| $ | (2,337.4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Quoted Prices in |
|
| Significant |
|
| Significant |
|
| Fair Value at |
| ||||
Other investments: (A) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity mutual funds |
| $ | 14.7 |
|
| $ | — |
|
| $ | — |
|
| $ | 14.7 |
|
Municipal obligations |
|
| — |
|
|
| 20.4 |
|
|
| — |
|
|
| 20.4 |
|
Other investments |
|
| 1.1 |
|
|
| — |
|
|
| — |
|
|
| 1.1 |
|
Derivatives: (B) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commodity contracts – net |
|
| (12.8) |
|
|
| (0.6) |
|
|
| — |
|
|
| (13.4) |
|
Foreign currency exchange contracts – net |
|
| — |
|
|
| (0.6) |
|
|
| — |
|
|
| (0.6) |
|
Long-term debt (C) |
|
| (777.0) |
|
|
| (1,666.5) |
|
|
| — |
|
|
| (2,443.5) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total financial instruments measured at fair value |
| $ | (774.0) |
|
| $ | (1,647.3) |
|
| $ | — |
|
| $ | (2,421.3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(A) | Other investments consist of funds maintained for the payment of benefits associated with nonqualified retirement plans. The funds include equity securities listed in active markets and municipal obligations valued by a third party using valuation techniques that utilize inputs which are derived principally from or corroborated by observable market data. As of April 30, 2013, our municipal obligations are scheduled to mature as follows: $1.0 in 2014, $2.2 in 2015, $0.6 in 2016, $1.8 in 2017, and the remaining $21.0 in 2018 and beyond. |
(B) | Level 1 derivatives are valued using quoted market prices for identical instruments in active markets. The Level 2 derivatives are valued using quoted prices for similar assets or liabilities in active markets. For additional information, see Note 12: Derivative Financial Instruments. |
(C) | Long-term debt is comprised of public Senior Notes classified as Level 1 and private Senior Notes classified as Level 2. The public Senior Notes are traded in an active secondary market and valued using quoted prices. The value of the private Senior Notes is based on the net present value of each interest and principal payment calculated, utilizing an interest rate derived from a fair market yield curve. For additional information, see Note 10: Debt and Financing Arrangements. |