Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Derivative Financial Assets and Liabilities Measured at Fair Value on Recurring Basis for Continuing Operations

The tables below present information about the Company’s derivative financial assets and liabilities measured at fair value on a recurring basis for the continuing operations.

	September 30, 2018
				Fair Value Measurements
Description	Nominal volume			Derivative asset			Derivative liability			Balance sheet location
Derivatives not designated as hedging    instruments
Foreign exchange swaps, less than    6 months	$	1,136.0	1)	$	2.0	2)	$	3.8	3)	Other current assets/ Other current liabilities
Total derivatives not designated as    hedging instruments	$	1,136.0		$	2.0		$	3.8

¹⁾ Net nominal amount after deducting for offsetting swaps under ISDA agreements is $1,136.0 million.

²⁾ Net amount after deducting for offsetting swaps under ISDA agreements is $2.0 million.

³⁾ Net amount after deducting for offsetting swaps under ISDA agreements is $3.8 million.

	December 31, 2017
				Fair Value Measurements
Description	Nominal volume			Derivative asset			Derivative liability			Balance sheet location
Derivatives not designated as hedging    instruments
Foreign exchange swaps, less than    6 months	$	468.2	1)	$	2.4	2)	$	0.3	3)	Other current assets/ Other current liabilities
Total derivatives not designated as    hedging instruments	$	468.2		$	2.4		$	0.3

¹⁾ Net nominal amount after deducting for offsetting swaps under ISDA agreements is $468.2 million.

²⁾ Net amount after deducting for offsetting swaps under ISDA agreements is $2.4 million.

³⁾ Net amount after deducting for offsetting swaps under ISDA agreements is $0.3 million.

Fair Value of Debt

The fair value and carrying value of debt for the continuing operations is summarized in the table below (dollars in millions).

	September 30,		September 30,		December 31,		December 31,
	2018		2018		2017		2017
	Carrying		Fair		Carrying		Fair
	value1)		value		value1)		value
Long-term debt
U.S. Private placement	$	1,101.3	$	1,134.9	$	1,310.5	$	1,379.9
Eurobond		576.1		579.3		—		—
Other long-term debt		0.1		0.1		0.2		0.2
Total	$	1,677.5	$	1,714.3	$	1,310.7	$	1,380.1
Short-term debt
Commercial paper	$	349.9	$	349.9	$	—	$	—
Short-term portion of long-term debt		208.1		210.1		0.2		0.2
Overdrafts and other short-term debt		15.0		15.0		19.5		19.5
Total	$	573.0	$	575.0	$	19.7	$	19.7

¹⁾ Debt as reported in balance sheet.