DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivative instruments

We had the following notional amount of outstanding commodity forward contracts that were entered into to hedge forecasted purchases:

	December 31,
	2013		2012
	($ in millions)
Copper	$	45.3	$	53.6
Zinc	4.5		6.3
Lead	22.8		48.3
Natural gas	5.5		6.0

Summary of location and fair value of derivative instruments on condensed balance sheets

The following table summarizes the location and fair value of the derivative instruments on our consolidated balance sheets.  The table disaggregates our net derivative assets and liabilities into gross components on a contract-by-contract basis before giving effect to master netting arrangements:

	Asset Derivatives							Liability Derivatives
		Fair Value							Fair Value
		December 31,							December 31,
Derivatives Designated as Hedging Instruments	Balance Sheet Location	2013			2012			Balance Sheet Location	2013		2012
		($ in millions)							($ in millions)
Interest rate contracts	Other assets	$	—		$	—		Long-term debt	$	7.3	$	10.2
Commodity contracts – gains	Other current assets	3.6			9.6			Accrued liabilities	—		—
Commodity contracts – losses	Other current assets	(2.4		)	(2.1		)	Accrued liabilities	—		—
		$	1.2		$	7.5			$	7.3	$	10.2
Derivatives Not Designated as Hedging Instruments
Interest rate contracts – gains	Other assets	$	7.6		$	11.9		Other liabilities	$	—	$	—
Interest rate contracts – losses	Other assets	(1.7		)	(3.6		)	Other liabilities	—		—
Commodity contracts – gains	Other current assets	0.2			0.1			Accrued liabilities	—		—
Commodity contracts – losses	Other current assets	(0.1		)	—			Accrued liabilities	—		—
		$	6.0		$	8.4			$	—	$	—
Total derivatives(1)		$	7.2		$	15.9			$	7.3	$	10.2

(1) Does not include the impact of cash collateral received from or provided to counterparties.

Summary of effects of derivative instruments on consolidated statements of operations

The following table summarizes the effects of derivative instruments on our consolidated statements of operations:

		Amount of Gain (Loss)
		Years Ended December 31,
	Location of Gain (Loss)	2013			2012			2011
Derivatives – Cash Flow Hedges		($ in millions)
Recognized in other comprehensive loss (effective portion)	———	$	(7.7	)	$	9.9		$	(17.3	)
Reclassified from accumulated other comprehensive loss into income (effective portion)	Cost of goods sold	$	(1.4	)	$	(6.5	)	$	10.3
Derivatives – Fair Value Hedges
Interest rate contracts	Interest expense	$	2.9		$	3.3		$	6.7
Derivatives Not Designated as Hedging Instruments
Interest rate contracts	Interest expense	$	—		$	0.1		$	0.5
Commodity contracts	Cost of goods sold	0.4			(2.1		)	(2.2		)
		$	0.4		$	(2.0	)	$	(1.7	)