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Derivatives, Hedging Programs and Other Financial Instruments - Summary of Loss (Gain) Associated with Derivative Contracts (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Derivative Instruments Gain Loss [Line Items]        
Total of income and expense line items presented in our Statements of Consolidated (Loss) Income in which the effects of cash flow hedges are recorded $ 224.5 $ 303.5 $ 511.1 $ 618.6
Total of income and expense line items presented in our Statements of Consolidated (Loss) Income in which the effects of fair value hedges are recorded 13.0 12.1 26.2 24.0
Depreciation and Amortization | Designated as Hedging Instrument | Foreign Exchange Contract        
Derivative Instruments Gain Loss [Line Items]        
Foreign exchange contracts (0.2)      
Cash Flow Hedges | Cost of Sales | Designated as Hedging Instrument        
Derivative Instruments Gain Loss [Line Items]        
Loss recognized in our Statements of Consolidated (Loss) Income related to cash flow hedges 10.5 4.7 17.5 8.9
Cash Flow Hedges | Cost of Sales | Designated as Hedging Instrument | Electricity        
Derivative Instruments Gain Loss [Line Items]        
Loss recognized in our Statements of Consolidated (Loss) Income related to cash flow hedges 0.3   0.5  
Cash Flow Hedges | Cost of Sales | Designated as Hedging Instrument | Aluminum        
Derivative Instruments Gain Loss [Line Items]        
Loss recognized in our Statements of Consolidated (Loss) Income related to cash flow hedges 7.6 4.5 13.3 8.7
Cash Flow Hedges | Cost of Sales | Designated as Hedging Instrument | Alloying Metals        
Derivative Instruments Gain Loss [Line Items]        
Loss recognized in our Statements of Consolidated (Loss) Income related to cash flow hedges 1.5 0.1 2.1 $ 0.2
Cash Flow Hedges | Cost of Sales | Designated as Hedging Instrument | Alloying Metals (Reclassification Due To Forecasted Transactions No Longer Probable of Occuring        
Derivative Instruments Gain Loss [Line Items]        
Alloying metals (reclassification due to forecasted transactions no longer probable of occurring) 0.7   0.7  
Cash Flow Hedges | Cost of Sales | Designated as Hedging Instrument | Natural Gas        
Derivative Instruments Gain Loss [Line Items]        
Loss recognized in our Statements of Consolidated (Loss) Income related to cash flow hedges 0.4 $ 0.1 0.9  
Fair Value Hedges | Depreciation and Amortization | Designated as Hedging Instrument | Foreign Exchange Contract        
Derivative Instruments Gain Loss [Line Items]        
Loss recognized in our Statements of Consolidated (Loss) Income related to cash flow hedges 0.1   0.3  
Hedged item 0.2      
Excluded component amortized from AOCI 0.2   0.4  
Reclassification from AOCI related to early termination of firm commitment (0.4)   (0.4)  
Net settlement related to early termination of forward contracts $ 0.3   $ 0.3