XML 62 R46.htm IDEA: XBRL DOCUMENT v3.8.0.1
Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of realized and unrealized losses associated with derivative contracts designated as hedging instruments
For 2017 and 2016, the Company recorded the following realized and unrealized losses associated with derivative contracts not designated as hedging instruments:
  ($ amounts in millions)
 
 
 
December 31,
Derivatives not designated as hedging instruments:
 
Location on Condensed Consolidated Statement of Operations:
 
2017
 
2016
Foreign exchange and metals contracts
 
Other (expense) income, net
 
$
(9.5
)
 
$
(12.5
)
Offsetting assets
The following table provides information on the Company's derivative positions at December 31, 2017 and 2016, subject to master netting arrangements as if they were presented on a net basis, allowing for the right of offset by counterparty and cash collateral:
 
 
December 31, 2017
 
December 31, 2016
  ($ amounts in millions)
 
Asset
 
Liability
 
Asset
 
Liability
Gross amounts
 
$
5.5

 
$
6.2

 
$
6.3

 
$
8.9

Gross amount subject to offset in master netting arrangements that are not offset
 
(1.0
)
 
(2.0
)
 
(2.5
)
 
(2.6
)
Cash collateral paid
 
—

 
(0.4
)
 
—

 
(1.0
)
Net
 
$
4.5

 
$
3.8

 
$
3.8

 
$
5.3
Offsetting liabilities
The following table provides information on the Company's derivative positions at December 31, 2017 and 2016, subject to master netting arrangements as if they were presented on a net basis, allowing for the right of offset by counterparty and cash collateral:
 
 
December 31, 2017
 
December 31, 2016
  ($ amounts in millions)
 
Asset
 
Liability
 
Asset
 
Liability
Gross amounts
 
$
5.5

 
$
6.2

 
$
6.3

 
$
8.9

Gross amount subject to offset in master netting arrangements that are not offset
 
(1.0
)
 
(2.0
)
 
(2.5
)
 
(2.6
)
Cash collateral paid
 
—

 
(0.4
)
 
—

 
(1.0
)
Net
 
$
4.5

 
$
3.8

 
$
3.8

 
$
5.3
Schedule of financial assets and liabilities measured at fair value on a recurring basis
Fair Value Measurements
The following tables present the Company’s financial assets and liabilities that are measured at fair value on a recurring basis:
 
 
 
 
 
 
December 31,
 ($ amounts in millions)
 
Balance sheet location
 
Classification
 
2017
 
2016
Asset Category
 
 
 
 
 
 
 
 
Foreign exchange and metals contracts not designated as hedging instruments
 
Other current assets
 
Level 2
 
5.5

 
8.5

Available for sale equity securities
 
Other assets
 
Level 1
 
3.7

 
5.1

Interest rate swaps designated as cash flow hedging instruments
 
Other assets
 
Level 2
 
3.4

 
—

Available for sale equity securities
 
Other assets
 
Level 2
 
0.6

 
0.6

Total
 
 
 
 
 
$
13.2

 
$
14.2

 
 
 
 
 
 
 
 
 
Liability Category
 
 
 
 
 
 
 
 
Interest rate swaps designated as cash flow hedging instruments
 
Accrued expenses and other liabilities
 
Level 2
 
$
2.8

 
$
10.2

Foreign exchange and metals contracts not designated as hedging instruments
 
Accrued expenses and other liabilities
 
Level 2
 
7.3

 
10.7

Interest rate swaps designated as cash flow hedging instruments
 
Other liabilities
 
Level 2
 
0.8

 
—

Long-term contingent consideration
 
Contingent consideration
 
Level 3
 
79.2

 
75.8

Total
 
 
 
 
 
$
90.1

 
$
96.7