XML 53 R37.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis The tables below present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis for the continuing operations as of December 31, 2018 and December 31, 2017

 

 

 

DECEMBER 31, 2018

 

 

DECEMBER 31, 2017

 

 

 

 

 

 

 

 

Fair Value Measurements

 

 

 

 

 

 

Fair Value Measurements

 

 

 

 

 

 

 

 

Derivative asset

 

 

Derivative liability

 

 

 

 

 

 

Derivative asset

 

 

Derivative liability

 

 

 

 

Nominal

 

 

(Other current

 

 

(Other current

 

 

Nominal

 

 

(Other current

 

 

(Other current

 

 

Description

 

volume

 

 

assets)

 

 

liabilities)

 

 

volume

 

 

assets)

 

 

liabilities)

 

 

DERIVATIVES NOT DESIGNATED

   AS HEDGING INSTRUMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange swaps, less

   than 6 months

 

 

659.1

 

1)

 

1.9

 

2)

 

1.1

 

3)

 

468.2

 

4)

 

2.4

 

5)

 

0.3

 

6)

TOTAL DERIVATIVES NOT

   DESIGNATED AS HEDGING

   INSTRUMENTS

 

$

659.1

 

 

$

1.9

 

 

$

1.1

 

 

$

468.2

 

 

$

2.4

 

 

$

0.3

 

 

 

1)

Net nominal amount after deducting for offsetting swaps under ISDA agreements is $659.1 million.

2)

Net amount after deducting for offsetting swaps under ISDA agreements is $1.9 million.

3)

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

4)

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

5)

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

6)

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 are summarized in the table below (dollars in millions).

 

 

 

DECEMBER 31, 2018

 

 

DECEMBER 31, 2018

 

 

DECEMBER 31, 2017

 

 

DECEMBER 31, 2017

 

 

 

CARRYING VALUE1)

 

 

FAIR VALUE

 

 

CARRYING VALUE1)

 

 

FAIR VALUE

 

LONG-TERM DEBT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Private placement

 

$

1,041.0

 

 

$

1,061.1

 

 

$

1,310.5

 

 

$

1,379.9

 

Eurobond

 

 

568.0

 

 

 

567.8

 

 

 

—

 

 

 

—

 

Other long-term debt

 

 

—

 

 

 

—

 

 

 

0.2

 

 

 

0.2

 

TOTAL

 

$

1,609.0

 

 

$

1,628.9

 

 

$

1,310.7

 

 

$

1,380.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SHORT-TERM DEBT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

342.6

 

 

$

342.6

 

 

$

—

 

 

$

—

 

Short-term portion of long-term debt

 

 

268.1

 

 

 

270.4

 

 

 

0.2

 

 

 

0.2

 

Overdrafts and other short-term debt

 

 

10.0

 

 

 

10.0

 

 

 

19.5

 

 

 

19.5

 

TOTAL

 

$

620.7

 

 

$

623.0

 

 

$

19.7

 

 

$

19.7

 

 

1)

Debt as reported in balance sheet.