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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2019
Level 1
 
Level 2
 
Level 3
 
Total
Assets
($ in millions)
Interest rate swaps
$

 
$
1.7

 
$

 
$
1.7

Commodity contracts

 
0.7

 

 
0.7

Foreign exchange contracts

 
0.1

 

 
0.1

Total assets
$

 
$
2.5

 
$

 
$
2.5

Liabilities
 
 
 
 
 
 
 
Interest rate swaps
$

 
$
9.0

 
$

 
$
9.0

Commodity contracts

 
20.0

 

 
20.0

Foreign exchange contracts

 
0.7

 

 
0.7

Total liabilities
$

 
$
29.7

 
$

 
$
29.7

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 June 30, 2018
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
Interest rate swaps
$

 
$
11.2

 
$

 
$
11.2

Commodity contracts

 
4.3

 

 
4.3

Foreign exchange contracts

 
1.2

 

 
1.2

Total assets
$

 
$
16.7

 
$

 
$
16.7

Liabilities
 
 
 
 
 
 
 
Interest rate swaps
$

 
$
44.1

 
$

 
$
44.1

Commodity contracts

 
0.9

 

 
0.9

Foreign exchange contracts

 
0.5

 

 
0.5

Total liabilities
$

 
$
45.5

 
$

 
$
45.5


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 June 30, 2019
$

 
$
3,262.6

 
$
153.0

 
$
3,415.6

 
$
3,233.7

Balance at December 31, 2018

 
3,137.2

 
153.0

 
3,290.2

 
3,230.3

Balance at June 30, 2018

 
3,521.6

 
153.0

 
3,674.6

 
3,513.5