XML 68 R11.htm IDEA: XBRL DOCUMENT v3.22.0.1
DERIVATIVE INSTRUMENTS
12 Months Ended
Dec. 31, 2021
DERIVATIVE INSTRUMENTS [Abstract]  
DERIVATIVE INSTRUMENTS NOTE 5: DERIVATIVE INSTRUMENTSDuring the normal course of operations, we are exposed to market risks including interest rates, foreign currency exchange rates and commodity prices. From time to time, we use derivative instruments to balance the cost and risk of such expenses. We do not use derivative instruments for trading or other speculative purposes. In 2007, 2018 and 2020, we entered into interest rate locks of future debt issuances to hedge the risk of higher interest rates. These interest rate locks were designated as cash flow hedges. The gain/loss upon settlement of these cash flow hedges is deferred (recorded in accumulated other comprehensive income (AOCI)) and amortized to interest expense over the term of the related debt.This amortization was reflected in the accompanying Consolidated Statements of Comprehensive Income for the years ended December 31 as follows: in millionsLocation on Statement 2021 2020 2019 Cash Flow Hedges Loss reclassified from AOCIInterest expense $          (2.0) $          (2.3) $          (0.3) For the 12-month period ending December 31, 2022, we estimate that $2.1 million of the $22.5 million net of tax loss in AOCI will be reclassified to interest expense.