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Derivatives, Hedging Programs and Other Financial Instruments - Summary of Gain Associated with Derivative Contracts (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Derivative Instruments Gain Loss [Line Items]    
Total of income and expense line items presented in our Statements of Consolidated Income in which the effects of cash flow hedges are recorded $ 865.9 $ 262.5
Cost of Products Sold | Not Designated as Hedging Instrument    
Derivative Instruments Gain Loss [Line Items]    
Gain recognized in our Statements of Consolidated Income (1.6) (0.3)
Cost of Products Sold | Not Designated as Hedging Instrument | Alloying Metals    
Derivative Instruments Gain Loss [Line Items]    
Gain recognized in our Statements of Consolidated Income (0.6)  
Gain recognized in our Statements of Consolidated Income Unrealized Gain (1.0) (0.3)
Cash Flow Hedges    
Derivative Instruments Gain Loss [Line Items]    
Total of income and expense line items presented in our Statements of Consolidated Income in which the effects of cash flow hedges are recorded 865.9 262.5
Cash Flow Hedges | Cost of Products Sold | Designated as Hedging Instrument    
Derivative Instruments Gain Loss [Line Items]    
Gain recognized in our Statements of Consolidated Income (19.9) (3.8)
Cash Flow Hedges | Cost of Products Sold | Designated as Hedging Instrument | Electricity    
Derivative Instruments Gain Loss [Line Items]    
Gain recognized in our Statements of Consolidated Income (0.3)  
Cash Flow Hedges | Cost of Products Sold | Designated as Hedging Instrument | Aluminum    
Derivative Instruments Gain Loss [Line Items]    
Gain recognized in our Statements of Consolidated Income (18.7) (2.9)
Cash Flow Hedges | Cost of Products Sold | Designated as Hedging Instrument | Alloying Metals    
Derivative Instruments Gain Loss [Line Items]    
Gain recognized in our Statements of Consolidated Income   $ (0.9)
Cash Flow Hedges | Cost of Products Sold | Designated as Hedging Instrument | Natural Gas    
Derivative Instruments Gain Loss [Line Items]    
Gain recognized in our Statements of Consolidated Income $ (0.9)