Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments (Tables)

v3.21.2
Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2021
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 measured at fair value on a recurring basis:
 (dollars in millions) Balance sheet location Classification September 30, 2021 December 31, 2020
Asset Category        
Foreign exchange contracts not designated as hedging instruments Other current assets Level 2 $ 0.1  $ 0.2 
Metals contracts not designated as hedging instruments Other current assets Level 2 2.6  0.4 
Cross currency swaps designated as net investment hedge Other current assets Level 2 21.8  16.3 
Interest rate swaps designated as cash flow hedging instruments Other assets Level 2 3.0  — 
Cross currency swaps designated as net investment hedge Other assets Level 2 1.7  — 
Total $ 29.2  $ 16.9 
Liability Category
Foreign exchange contracts not designated as hedging instruments Accrued expenses and other current liabilities Level 2 $ 0.2  $ 0.7 
Metals contracts not designated as hedging instruments Accrued expenses and other current liabilities Level 2 1.5  1.6 
Interest rate swaps designated as cash flow hedging instruments Accrued expenses and other current liabilities Level 2 18.8  17.6 
Interest rate swaps designated as cash flow hedging instruments Other liabilities Level 2 17.7  33.5 
Cross currency swaps designated as net investment hedge Other liabilities Level 2 9.0  43.3 
Total $ 47.2  $ 96.7