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Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of realized and unrealized losses associated with derivative contracts designated as hedging instruments
For the three and six months ended June 30, 2018 and 2017, the Company recorded the following realized and unrealized gains (losses) associated with derivative contracts not designated as hedging instruments:
 
 
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 (amounts in millions)
 
 
2018
 
2017
 
2018
 
2017
Derivatives not designated as hedging instruments:
Location on Condensed Consolidated Statement of Operations:
 
 
 
 
 
 
 
 
Foreign exchange and metals contracts
Other income, net
 
$
12.9

 
$
(1.1
)
 
$
10.9

 
$
(2.5
)
Offsetting assets
The following table provides information on the Company's derivative positions at June 30, 2018 and December 31, 2017 subject to these master netting arrangements as if they were presented on a net basis, allowing for the right of offset by counterparty and cash collateral:
 
June 30, 2018
 
December 31, 2017
 (amounts in millions)
Asset
 
Liability
 
Asset
 
Liability
Gross amounts
$
14.0

 
$
8.2

 
$
5.5

 
$
6.2

Gross amount subject to offset in master netting arrangements that are not offset
(3.7
)
 
(3.0
)
 
(1.0
)
 
(2.0
)
Cash collateral paid
—

 
—

 
—

 
(0.4
)
Net
$
10.3

 
$
5.2

 
$
4.5

 
$
3.8
Offsetting liabilities
The following table provides information on the Company's derivative positions at June 30, 2018 and December 31, 2017 subject to these master netting arrangements as if they were presented on a net basis, allowing for the right of offset by counterparty and cash collateral:
 
June 30, 2018
 
December 31, 2017
 (amounts in millions)
Asset
 
Liability
 
Asset
 
Liability
Gross amounts
$
14.0

 
$
8.2

 
$
5.5

 
$
6.2

Gross amount subject to offset in master netting arrangements that are not offset
(3.7
)
 
(3.0
)
 
(1.0
)
 
(2.0
)
Cash collateral paid
—

 
—

 
—

 
(0.4
)
Net
$
10.3

 
$
5.2

 
$
4.5

 
$
3.8
Schedule of financial assets and liabilities measured at fair value on a recurring basis
The following table presents the Company’s financial assets and liabilities that are measured at fair value on a recurring basis:
 (amounts in millions)
Balance sheet location
 
Classification
 
June 30,
2018
 
December 31,
2017
Asset Category
 
 
 
 
 
 
 
Foreign exchange and metals contracts not designated as hedging instruments
Other current assets
 
Level 2
 
$
15.9

 
$
5.5

Available for sale equity securities
Other assets
 
Level 1
 
3.0

 
3.7

Interest rate swaps designated as cash flow hedging instruments
Other current assets
 
Level 2
 
4.8

 
—

Interest rate swaps designated as cash flow hedging instruments
Other assets
 
Level 2
 
8.9

 
3.4

Available for sale equity securities
Other assets
 
Level 2
 
0.1

 
0.6

Total
 
 
 
 
$
32.7

 
$
13.2

 
 
 
 
 
 
 
 
Liability Category
 
 
 
 
 
 
 
Foreign exchange and metals contracts not designated as hedging instruments
Accrued expenses and other liabilities
 
Level 2
 
$
9.0

 
$
7.3

Interest rate swaps designated as cash flow hedging instruments
Accrued expenses and other liabilities
 
Level 2
 
0.6

 
2.8

Interest rate swaps designated as cash flow hedging instruments
Other liabilities
 
Level 2
 
0.6

 
0.8

Long-term contingent consideration
Contingent consideration
 
Level 3
 
80.7

 
79.2

Total
 
 
 
 
$
90.9

 
$
90.1