v3.26.1
Fair Value Measurements
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The following table presents the estimated fair values and the related carrying amounts of our financial instruments:
June 30, 2026December 31, 2025
Fair ValueCarrying ValueFair ValueCarrying Value
(Dollars in millions)
Assets - Investments and Other Assets$1.4 $1.4 $1.3 $1.3 
Liabilities - Debt (including current portion)$912.9 $905.7 $933.6 $928.3 
Investments and Other Assets – Represents the broker-quoted cash surrender value on universal life insurance policies. This asset is classified as Level 2 in the valuation hierarchy and is measured from values received from financial institutions.
Debt – The fair value of our long-term debt is estimated based on the market prices for the same or similar issuances or on the current rates offered to us for debt of the same remaining maturities (Level 2). The fair value of our Credit Facility approximates carrying value due to the variable rate nature of this instrument.
See Note 4 – Derivative Financial Instruments, for the fair value of our derivative financial instruments.