Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments (Tables)

v3.19.1
Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of financial assets and liabilities measured at fair value on a recurring basis Fair Value Measurements
The following table presents the Company’s financial assets and liabilities that are measured at fair value on a recurring basis:
 (dollars in millions)
Balance sheet location
 
Classification
 
March 31,
2019
 
December 31,
2018
Asset Category
 
 
 
 
 
 
 
Foreign exchange and metals contracts not designated as hedging instruments
Other current assets
 
Level 2
 
$
1.2

 
$
0.9

Interest rate swaps designated as cash flow hedging instruments
Other current assets
 
Level 2
 

 
6.5

Cross currency swaps designated as net investment hedge
Other current assets
 
Level 2
 
18.5

 

Interest rate swaps designated as cash flow hedging instruments
Other assets
 
Level 2
 

 
2.6

Available for sale equity securities
Other assets
 
Level 1
 
0.3

 
0.3

Total
 
 
 
 
$
20.0

 
$
10.3

 
 
 
 
 
 
 
 
Liability Category
 
 
 
 
 
 
 
Foreign exchange and metals contracts not designated as hedging instruments
Accrued expenses and other liabilities
 
Level 2
 
$
0.9

 
$
1.2

Interest rate swaps designated as cash flow hedging instruments
Accrued expenses and other liabilities
 
Level 2
 
1.1

 
0.6

Interest rate swaps designated as cash flow hedging instruments
Other liabilities
 
Level 2
 
10.4

 
0.3

Cross currency swaps designated as net investment hedge
Other liabilities
 
Level 2
 
15.1

 

Long-term contingent consideration
Other liabilities
 
Level 3
 
19.8

 
57.4

Total
 
 
 
 
$
47.3

 
$
59.5