FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2024

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:

(dollars in millions)	Balance sheet location	Classification	March 31, 2024		December 31, 2023
Asset Category
Foreign exchange contracts	Other current assets	Level 2	$	0.3	$	0.2
Metals contracts	Other current assets	Level 2	0.9		0.5
Interest rate swaps	Other current assets	Level 2	24.2		19.9
Cross-currency swaps	Other current assets	Level 2	33.7		5.9
Interest rate swaps	Other assets	Level 2	—		4.3
Cross-currency swaps	Other assets	Level 2	—		9.6
Available-for-sale debt securities	Other assets	Level 3	11.2		14.2
Total			$	70.3	$	54.6
Liability Category
Foreign exchange contracts	Accrued expenses and other current liabilities	Level 2	$	0.1	$	0.9
Metals contracts	Accrued expenses and other current liabilities	Level 2	2.8		1.7
Cross-currency swaps	Accrued expenses and other current liabilities	Level 2	—		0.9
Interest rate swaps	Other liabilities	Level 2	0.2		12.3
Cross-currency swaps	Other liabilities	Level 2	6.0		9.8
Total			$	9.1	$	25.6