Financial Instruments and Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Interest rate Swaps Recorded in Condensed Consolidated Balance Sheets

As of June 30, 2019, the fair value of the interest rate swaps was $18.7 million and is recorded in the Condensed Consolidated Balance Sheets as of June 30, 2019 as follows:

(dollars in millions)	Balance Sheet Location	June 30, 2019		Quoted Prices in active markets Level 1		Significant observable inputs Level 2		Significant unobservable inputs Level 3
Liabilities:
Interest Rate Swap	Other current liabilities	$	4.2	$	—	$	4.2	$	—
Interest Rate Swap	Other noncurrent liabilities	$	14.5	$	—	$	14.5	$	—

As of December 31, 2018, the fair value of the interest rate swap liability was $5.0 million and is recorded in the Condensed Consolidated Balance Sheets as of December 31, 2018 as follows:

(dollars in millions)	Balance Sheet Location	December 31, 2018		Quoted Prices in active markets Level 1		Significant observable inputs Level 2		Significant unobservable inputs Level 3
Liabilities:
Interest Rate Swap	Other current liabilities	$	1.2	$	—	$	1.2	$	—
Interest Rate Swap	Other noncurrent liabilities	$	3.8	$	—	$	3.8	$	—

Amount of Losses Recognized in Accumulated Other Comprehensive Income Net of Reclassification into Earnings

The amount of losses recognized in Accumulated Other Comprehensive Income ("AOCI") net of reclassifications into earnings is as follows:

	Three Months Ended June 30,					Six Months Ended June 30,
(dollars in millions)	2019			2018		2019			2018
Interest Rate Swap	$	(9.9	)	$	—	$	(13.7	)	$	—

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The amount of losses reclassified from AOCI into earnings is as follows:

		Three Months Ended June 30,					Six Months Ended June 30,
(dollars in millions)	Statement of Operations Location	2019			2018		2019			2018
Interest Rate Swap	Interest expense	$	(0.2	)	$	—	$	(0.5	)	$	—

Schedule of Carrying and Fair Values by Balance Sheet Grouping

The carrying and fair values of these items are as follows:  

	June 30, 2019				December 31, 2018
(dollars in millions)	Carrying Value		Fair Value		Carrying Value		Fair Value
Long-term debt, including current portion*	$	1,878.2	$	1,744.5	$	1,880.0	$	1,673.6
Other installment financing arrangements		44.1		43.7		44.6		43.6

* Excludes capital leases, other financing arrangements and note issuance costs.