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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2019
FAIR VALUE MEASUREMENTS  
Schedule of the carrying amount and estimated fair value of assets and liabilities measured on recurring basis

June 30, 2019

 

(millions)

Carrying

Fair Value Measurements

 

    

Amount

    

Level 1

Level 2

    

Level 3

 

Assets

Foreign currency forward contracts

 

 

$101.1

 

$-

 

$101.1

 

$-

 

 

 

Liabilities

Foreign currency forward contracts

 

 

37.6

 

-

 

37.6

 

-

December 31, 2018

 

(millions)

Carrying

Fair Value Measurements

 

    

Amount

    

Level 1

Level 2

    

Level 3

 

Assets

Foreign currency forward contracts

 

$72.3

 

$-

 

$72.3

 

$-

Liabilities

Foreign currency forward contracts

 

41.1

 

-

 

41.1

 

-

Interest rate swap agreements

 

0.2

 

-

 

0.2

 

-

Schedule of carrying amount and estimated fair value of long-term debt

June 30, 2019

December 31, 2018

Carrying

Fair

Carrying

Fair

    

Amount

    

Value

    

Amount

    

Value

Long-term debt, including current maturities

$6,287.7

$6,851.2

$6,703.0

$6,844.7