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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2021
FAIR VALUE MEASUREMENTS  
Schedule of the carrying amount and estimated fair value of assets and liabilities measured on recurring basis

December 31, 2021

(millions)

Carrying

Fair Value Measurements

    

Amount

    

Level 1

Level 2

    

Level 3

Assets

Foreign currency forward contracts

 

 

$94.5

$-

 

$94.5

 

$-

Interest rate swap agreements

1.8

-

1.8

-

Cross-currency swap derivative contracts

9.4

-

$9.4

-

 

 

Liabilities

Foreign currency forward contracts

12.6

-

12.6

-

Interest rate swap agreements

10.1

-

10.1

-

Cross-currency swap derivative contracts

1.6

-

1.6

-

December 31, 2020

(millions)

Carrying

Fair Value Measurements

    

Amount

    

Level 1

Level 2

    

Level 3

Assets

Foreign currency forward contracts

 

$15.5

 

$-

 

$15.5

 

$-

Liabilities

Foreign currency forward contracts

 

69.9

 

-

 

69.9

 

-

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

December 31, 2021

December 31, 2020

Carrying

Fair

Carrying

Fair

    

Amount

    

Value

    

Amount

    

Value

Long-term debt, including current maturities

$8,349.7

$9,085.3

$6,671.1

$7,704.4