XML 63 R53.htm IDEA: XBRL DOCUMENT v3.23.2
Derivative Financial Instruments and Hedging (Details)
€ in Millions, lb in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
lb
Jun. 30, 2022
USD ($)
Jun. 30, 2023
EUR (€)
Derivative Instruments Gain Loss [Line Items]          
Percentage of estimated annual nickel requirements     10.00%    
Percentage Of Forecasted Natural Gas Usage Hedged for 2023     80.00%    
Percentage Of Forecasted Natural Gas Usage Hedged for 2024     50.00%    
Percentage Of Forecasted Natural Gas Usage Hedged for 2025     15.00%    
Reclassification of Cash Flow Hedge Gain (Loss) [Abstract]          
Cash Flow Hedge Gain (Loss) To Be Reclassified Within Twelve Months     $ (2.1)    
Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Reclassified From Accumulated OCI Into Income Effective Portion Net $ (2.9) $ 15.5 1.3 $ 19.3  
Cash Flow Hedging | Other Comprehensive Income (Loss) [Member]          
Derivative Instruments Gain Loss [Line Items]          
Net derivative gain (loss) on hedge transactions (1.9) 12.3 $ (13.3) 31.0  
Nickel          
Derivative Instruments Gain Loss [Line Items]          
Notional amount of nickel hedge (in pounds of nickel) | lb     8    
Interest Rate Swap | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Reclassified From Accumulated OCI Into Income Effective Portion Net 0.3 (0.1) $ 0.5 (0.3)  
Interest Rate Swap | Cash Flow Hedging | Other Comprehensive Income (Loss) [Member]          
Derivative Instruments Gain Loss [Line Items]          
Net derivative gain (loss) on hedge transactions 0.3 0.2 0.2 1.5  
Nickel and other raw material contracts | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Reclassified From Accumulated OCI Into Income Effective Portion Net (1.4) 12.1 3.9 14.5  
Nickel and other raw material contracts | Cash Flow Hedging | Other Comprehensive Income (Loss) [Member]          
Derivative Instruments Gain Loss [Line Items]          
Net derivative gain (loss) on hedge transactions (1.6) 9.3 (6.9) 17.3  
Natural gas contracts | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Reclassified From Accumulated OCI Into Income Effective Portion Net (1.8) 3.4 (3.2) 5.0  
Natural gas contracts | Cash Flow Hedging | Other Comprehensive Income (Loss) [Member]          
Derivative Instruments Gain Loss [Line Items]          
Net derivative gain (loss) on hedge transactions (0.7) 2.5 (6.8) 11.8  
Foreign exchange contracts | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Reclassified From Accumulated OCI Into Income Effective Portion Net 0.0 0.1 0.1 0.1  
Foreign exchange contracts | Cash Flow Hedging | Other Comprehensive Income (Loss) [Member]          
Derivative Instruments Gain Loss [Line Items]          
Net derivative gain (loss) on hedge transactions $ 0.1 $ 0.3 $ 0.2 $ 0.4  
Designated as Hedging Instrument | Foreign exchange forward | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Notional amount of derivative | €         € 0
2027 Term Loan          
Derivative Instruments Gain Loss [Line Items]          
Debt Instrument, Interest Rate, Stated Percentage 4.21%   4.21%   4.21%
2027 Term Loan | Interest Rate Swap          
Derivative Instruments Gain Loss [Line Items]          
Notional amount of derivative $ 50.0   $ 50.0