Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of financial assets and liabilities measured at fair value on a recurring basis

Fair Value Measurements

The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis:

			December 31,
(dollars in millions)	Balance sheet location	Classification	2020		2019
Asset Category
Foreign exchange contracts not designated as hedging instruments	Other current assets	Level 2	$	0.2	$	0.9
Metals contracts not designated as hedging instruments	Other current assets	Level 2	0.4		0.3
Cross currency swaps designated as net investment hedge	Other current assets	Level 2	16.3		18.4
Available for sale equity securities	Other assets	Level 1	—		0.3
Total			$	16.9	$	19.9
Liability Category
Interest rate swaps designated as cash flow hedging instruments	Accrued expenses and other current liabilities	Level 2	$	17.6	$	6.9
Foreign exchange contracts not designated as hedging instruments	Accrued expenses and other current liabilities	Level 2	0.7		0.2
Metals contracts not designated as hedging instruments	Accrued expenses and other current liabilities	Level 2	1.6		0.7
Interest rate swaps designated as cash flow hedging instruments	Other liabilities	Level 2	33.5		19.7
Cross currency swaps designated as net investment hedge	Other Liabilities	Level 2	43.3		0.3
Total			$	96.7	$	27.8