Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments (Tables)

v3.20.2
Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of financial assets and liabilities measured at fair value on a recurring basis
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, 2020 December 31, 2019
Asset Category        
Foreign exchange not designated as hedging instruments Other current assets Level 2 $ 3.1  $ 0.9 
Metals contracts not designated as hedging instruments Other current assets Level 2 1.9  0.3 
Cross currency swaps designated as net investment hedge Other current assets Level 2 17.5  18.4 
Available for sale equity securities Other assets Level 1 —  0.3 
Total $ 22.5  $ 19.9 
Liability Category
Foreign exchange not designated as hedging instruments Accrued expenses and other current liabilities Level 2 $ 4.0  $ 0.2 
Metals contracts not designated as hedging instruments Accrued expenses and other current liabilities Level 2 1.2  0.7 
Interest rate swaps designated as cash flow hedging instruments Accrued expenses and other current liabilities Level 2 17.5  6.9 
Interest rate swaps designated as cash flow hedging instruments Other liabilities Level 2 38.3  19.7 
Cross currency swaps designated as net investment hedge Other liabilities Level 2 6.8  0.3 
Total $ 67.8  $ 27.8