Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments (Tables)

v3.19.3
Financial Instruments (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2019 December 31, 2018
Asset Category        
Foreign exchange and metals contracts not designated as hedging instruments Other current assets    Level 2    $ 3.3    $ 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    19.1    —   
Interest rate swaps designated as cash flow hedging instruments Other assets    Level 2    —    2.6   
Cross currency swaps designated as net investment hedge Other assets    Level 2    20.2    —   
Available for sale equity securities Other assets    Level 1    0.3    0.3   
Total $ 42.9    $ 10.3   
Liability Category
Foreign exchange and metals contracts not designated as hedging instruments Accrued expenses and other current liabilities Level 2    $ 2.1    $ 1.2   
Interest rate swaps designated as cash flow hedging instruments    Accrued expenses and other current liabilities    Level 2    6.6    0.6   
Interest rate swaps designated as cash flow hedging instruments Other liabilities    Level 2    28.1    0.3   
Long-term contingent consideration Other liabilities    Level 3    21.1    57.4   
Total $ 57.9    $ 59.5