Annual report pursuant to Section 13 and 15(d)

Financial Instruments

v3.8.0.1
Financial Instruments
12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Financial Instruments
FINANCIAL INSTRUMENTS
The estimated fair values of our financial instruments are as follows:
 
December 31, 2017
 
December 31, 2016
 
Carrying amount
 
Estimated fair value
 
Carrying amount
 
Estimated fair value
Total debt
$
(86.0
)
 
$
(86.0
)
 
$
(21.2
)
 
$
(21.2
)
Foreign exchange contracts, net
(1.5
)
 
(1.5
)
 
1.6
 
1.6

Total debt as of December 31, 2017 and 2016 consisted primarily of the outstanding borrowings under the ABL Facility. Borrowings under the ABL Facility are at variable market interest rates (Level 2 inputs) and accordingly, the carrying amount approximates fair value. The fair values of our net foreign currency contracts were estimated from market quotes, which are considered to be Level 1 inputs. We do not have any assets or liabilities that are valued using Level 3 unobservable inputs.