XML 61 R44.htm IDEA: XBRL DOCUMENT v3.24.0.1
FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
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 measured at fair value on a recurring basis:
December 31,
 (dollars in millions)Balance sheet locationClassification20232022
Asset Category    
Foreign exchange contracts Other current assetsLevel 2$0.2 $0.2 
Metals contracts Other current assetsLevel 20.5 2.5 
Interest rate swapsOther current assetsLevel 219.9 32.7 
Cross-currency swaps Other current assetsLevel 25.9 26.1 
Interest rate swaps Other assetsLevel 24.3 14.6 
Cross-currency swaps Other assetsLevel 29.6 44.3 
Available-for-sale debt securitiesOther assetsLevel 314.2 11.5 
Total$54.6 $131.9 
Liability Category
Foreign exchange contracts Accrued expenses and other current liabilitiesLevel 2$0.9 $0.5 
Metals contracts Accrued expenses and other current liabilitiesLevel 21.7 5.0 
Cross-currency swaps
Accrued expenses and other current liabilities
Level 2
0.9 — 
Interest rate swapsOther liabilitiesLevel 212.3 — 
Cross-currency swaps Other liabilitiesLevel 29.8 — 
Total$25.6 $5.5