XML 54 R42.htm IDEA: XBRL DOCUMENT v3.7.0.1
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2017
Fair Value Disclosures [Abstract]  
Table of financial instruments measured at fair value
The following table summarizes the assets and liabilities measured at fair value in the condensed balance sheets:
 
Fair Value Measurements
Balance at March 31, 2017
Level 1
 
Level 2
 
Level 3
 
Total
Assets
($ in millions)
Interest rate swaps
$

 
$
11.4

 
$

 
$
11.4

Commodity contracts

 
6.3

 

 
6.3

Foreign exchange contracts

 
0.2

 

 
0.2

Liabilities
 
 
 
 
 
 
 
Interest rate swaps
$

 
$
29.7

 
$

 
$
29.7

Commodity contracts

 
0.2

 

 
0.2

Foreign exchange contracts

 
0.3

 

 
0.3

Balance at December 31, 2016
 
 
 
 
 
 
 
Assets
 
Interest rate swaps
$

 
$
9.6

 
$

 
$
9.6

Commodity contracts

 
11.5

 

 
11.5

Foreign exchange contracts

 
0.1

 

 
0.1

Liabilities
 
 
 
 
 
 
 
Interest rate swaps
$

 
$
28.6

 
$

 
$
28.6

Foreign exchange contracts

 
1.2

 

 
1.2

Balance at March 31, 2016
 
 
 
 
 
 
 
Assets
 
Interest rate swaps
$

 
$
0.5

 
$

 
$
0.5

Liabilities
 
 
 
 
 
 
 
Interest rate swaps
$

 
$
0.9

 
$

 
$
0.9

Commodity contracts

 
6.7

 

 
6.7

Foreign exchange contracts

 
1.5

 

 
1.5

Fair value of debt table
The following table summarizes the fair value measurements of debt and the actual debt recorded on our condensed balance sheets:
 
Fair Value Measurements
 
Amount recorded
on balance sheets
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
($ in millions)
Balance at March 31, 2017
$

 
$
3,759.2

 
$
153.0

 
$
3,912.2

 
$
3,612.6

Balance at December 31, 2016

 
3,703.7

 
153.0

 
3,856.7

 
3,617.6

Balance at March 31, 2016

 
3,778.5

 
153.0

 
3,931.5

 
3,833.0