XML 48 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on Nonrecurring Basis

 

 

 

DECEMBER 31, 2017

 

 

DECEMBER 31, 2016

 

 

 

 

 

 

 

 

Fair Value Measurements

 

 

 

 

 

 

Fair Value Measurements

 

 

 

 

 

 

 

 

Derivative asset

 

 

Derivative liability

 

 

 

 

 

 

Derivative asset

 

 

Derivative liability

 

 

 

 

 

 

 

 

(Other current/

 

 

(Other current /

 

 

 

 

 

 

(Other current /

 

 

(Other current /

 

 

DERIVATIVES DESIGNATED AS

 

Nominal

 

 

non-current

 

 

non-current

 

 

Nominal

 

 

non-current

 

 

non-current

 

 

HEDGING INSTRUMENTS1)

 

volume

 

 

assets)

 

 

liabilities)

 

 

volume

 

 

assets)

 

 

liabilities)

 

 

Foreign exchange forward

   contracts, less than 1 year

   (cash flow hedge)

 

$

66.6

 

 

 

0.4

 

 

 

1.3

 

 

$

74.0

 

 

$

7.6

 

 

$

0.3

 

 

Foreign exchange forward

   contracts, less than 2 years

   (cash flow hedge)

 

 

 

 

 

 

 

 

 

 

 

10.8

 

 

 

0.0

 

 

 

0.2

 

 

TOTAL

 

$

66.6

 

 

 

0.4

 

 

 

1.3

 

 

$

84.8

 

 

$

7.6

 

 

$

0.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DERIVATIVES NOT DESIGNATED AS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HEDGING INSTRUMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange swaps, less

   than 6 months

 

 

468.2

 

2)

 

2.4

 

3)

 

0.3

 

4)

$

251.8

 

5)

$

1.1

 

6)

$

0.1

 

7)

TOTAL

 

$

468.2

 

 

$

2.4

 

 

$

0.3

 

 

$

251.8

 

 

$

1.1

 

 

$

0.1

 

 

 

1)

There is no netting since there are no offsetting contracts.

2)

Net nominal amount after deducting for offsetting swaps under ISDA agreements is $468.2 million.

3)

Net amount after deducting for offsetting swaps under ISDA agreements is $2.4 million.

4)

Net amount after deducting for offsetting swaps under ISDA agreements is $0.3 million.

5)

Net nominal amount after deducting for offsetting swaps under ISDA agreements is $226.5 million.

6)

Net amount after deducting for offsetting swaps under ISDA agreements is $1.1 million.

7)

Net amount after deducting for offsetting swaps under ISDA agreements is $0.0 million.

 

Fair Value of Debt

 

 

 

DECEMBER 31, 2017

 

 

DECEMBER 31, 2017

 

 

DECEMBER 31, 2016

 

 

DECEMBER 31, 2016

 

LONG-TERM DEBT

 

CARRYING VALUE1)

 

 

FAIR VALUE

 

 

CARRYING VALUE1)

 

 

FAIR VALUE

 

U.S. Private placement

 

$

1,310.5

 

 

$

1,379.9

 

 

$

1,312.4

 

 

$

1,360.0

 

Other long-term debt

 

 

11.2

 

 

 

11.2

 

 

 

11.2

 

 

 

11.2

 

TOTAL

 

$

1,321.7

 

 

$

1,391.1

 

 

$

1,323.6

 

 

$

1,371.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SHORT-TERM DEBT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Overdrafts and other short-term debt

 

 

19.5

 

 

 

19.5

 

 

 

39.7

 

 

 

39.7

 

Short-term portion of long-term debt

 

 

0.2

 

 

 

0.2

 

 

 

180.1

 

 

 

185.6

 

TOTAL

 

$

19.7

 

 

$

19.7

 

 

$

219.8

 

 

$

225.3

 

 

1)

Debt as reported in balance sheet.