FAIR VALUE MEASUREMENT (Tables)

12 Months Ended

Dec. 31, 2021

FAIR VALUE MEASUREMENT

Assets (liabilities) measured at fair value on a recurring basis

							Aggregate
	Level 1		Level 2		Level 3		Fair Value
Equity investments at FVOCI	$	98.2	$	—	$	—	$	98.2
Derivative contracts:
Foreign currency forward and collar contracts		—		(4.5)		—		(4.5)
Energy swap contracts		—		40.4		—		40.4
Total return swap contracts		—		1.7		—		1.7
	$	98.2	$	37.6	$	—	$	135.8

Summary of information about derivative contracts outstanding

	December 31, 2021				December 31, 2020
	Asset / (Liability)				Asset / (Liability)
	Fair Value		AOCI		Fair Value		AOCI
Currency contracts
Foreign currency forward and collar contracts (a) (i)	$	(4.5)	$	(3.5)	$	(4.3)	$	(2.5)
Commodity contracts
Energy swap contracts (b)  (ii)		40.4		30.4		7.6		4.7
Other contracts
Total return swap contracts (iii)		1.7		—		(11.0)		—
Total all contracts	$	37.6	$	26.9	$	(7.7)	$	2.2
Unrealized fair value of derivative assets
Current	$	30.0			$	6.5
Non-current		15.1				10.5
	$	45.1			$	17.0
Unrealized fair value of derivative liabilities
Current	$	(4.0)			$	(21.3)
Non-current		(3.5)				(3.4)
	$	(7.5)			$	(24.7)
Total net fair value	$	37.6			$	(7.7)

(a) Of the total amount recorded in AOCI at December 31, 2021, $(1.1) million will be reclassified out of AOCI within the next 12 months as a result of settling the contracts.

(b) Of the total amount recorded in AOCI at December 31, 2021, $19.1 million will be reclassified out of AOCI within the next 12 months as a result of settling the contracts.

Summary of foreign currency forward and collar contracts outstanding

Foreign currency	2022		2023		2024
Brazilian real zero cost collars (in millions of U.S. dollars)	$	105.6	$	68.4	$	27.6
Average put strike (Brazilian real)		4.79		5.13		5.55
Average call strike (Brazilian real)		6.78		7.34		9.01
Canadian dollar forward buy contracts (in millions of U.S. dollars)	$	50.4	$	15.0	$	—
Average rate (Canadian dollar)		1.31		1.29		—
Chilean peso zero cost collars (in millions of U.S. dollars)	$	63.6	$	42.0	$	—
Average put strike (Chilean peso)		760		810		—
Average call strike (Chilean peso)		992		1,040		—
Russian rouble zero cost collars (in millions of U.S. dollars)	$	46.8	$	33.6	$	9.0
Average put strike (Russian rouble)		74.5		76.2		80.0
Average call strike (Russian rouble)		97.5		99.2		104.6

Summary of energy swap contracts outstanding

Energy	2022		2023		2024
WTI oil swap contracts (barrels)		1,056,600		565,200		—
Average price ($/barrel)	$	48.13	$	39.58	$	—