XML 58 R47.htm IDEA: XBRL DOCUMENT v3.19.1
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2019
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, 2019
Level 1
 
Level 2
 
Level 3
 
Total
Assets
($ in millions)
Interest rate swaps
$

 
$
3.6

 
$

 
$
3.6

Commodity contracts

 
4.7

 

 
4.7

Foreign exchange contracts

 
0.3

 

 
0.3

Total Assets
$

 
$
8.6

 
$

 
$
8.6

Liabilities
 
 
 
 
 
 
 
Interest rate swaps
$

 
$
23.5

 
$

 
$
23.5

Commodity contracts

 
10.1

 

 
10.1

Foreign exchange contracts

 
0.2

 

 
0.2

Total Liabilities
$

 
$
33.8

 
$

 
$
33.8

Balance at December 31, 2018
 
 
 
 
 
 
 
Assets
 
Interest rate swaps
$

 
$
5.3

 
$

 
$
5.3

Commodity contracts

 
0.7

 

 
0.7

Foreign exchange contracts

 
0.4

 

 
0.4

Total Assets
$

 
$
6.4

 
$

 
$
6.4

Liabilities
 
 
 
 
 
 
 
Interest rate swaps
$

 
$
33.7

 
$

 
$
33.7

Commodity contracts

 
3.4

 

 
3.4

Foreign exchange contracts

 
0.5

 

 
0.5

Total Liabilities
$

 
$
37.6

 
$

 
$
37.6

Balance at March 31, 2018
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
Interest rate swaps
$

 
$
12.2

 
$

 
$
12.2

Commodity contracts

 
6.3

 

 
6.3

Foreign exchange contracts

 
0.5

 

 
0.5

Total Assets
$

 
$
19.0

 
$

 
$
19.0

Liabilities
 
 
 
 
 
 
 
Interest rate swaps
$

 
$
40.3

 
$

 
$
40.3

Commodity contracts

 
0.8

 

 
0.8

Total Liabilities
$

 
$
41.1

 
$

 
$
41.1

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, 2019
$

 
$
3,221.9

 
$
153.0

 
$
3,374.9

 
$
3,193.3

Balance at December 31, 2018

 
3,137.2

 
153.0

 
3,290.2

 
3,230.3

Balance at March 31, 2018

 
3,583.9

 
153.0

 
3,736.9

 
3,535.4