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FAIR VALUE MEASUREMENT (Tables) | 12 Months Ended
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Dec. 31, 2023
FAIR VALUE MEASUREMENT |
Summary of assets (liabilities) measured at fair value on a recurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Aggregate
​ |  | Level 1 |  | Level 2 |  | Level 3 |  | Fair Value
Equity investments at FVOCI | ​ | $ | 54.7 | ​ | $ | — | ​ | $ | — | ​ | $ | 54.7
Derivative contracts: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Foreign currency forward and collar contracts | ​ |  | — | ​ |  | 7.4 | ​ |  | — | ​ |  | 7.4
Energy swap contracts | ​ |  | — | ​ |  | 1.0 | ​ |  | — | ​ |  | 1.0
Other | ​ |  | — | ​ |  | 6.9 | ​ |  | — | ​ |  | 6.9
​ | ​ | $ | 54.7 | ​ | $ | 15.3 | ​ | $ | — | ​ | $ | 70.0
Summary of information about derivative contracts outstanding | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023 | ​ | December 31, 2022
​ | ​ | Asset Fair Value | ​ | AOCI | ​ | Asset Fair Value | ​ | AOCI
Currency contracts |  | ​ | ​ |  | ​ |  |  | ​ |  |  | ​ |
Foreign currency forward and collar contracts(i) (a) |  | $ | 7.4 |  | $ | 4.4 |  | $ | 2.8 |  | $ | 1.3
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commodity contracts |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Energy swap contracts(ii) (b) |  | ​ | 1.0 |  | ​ | 0.7 |  | ​ | 21.5 |  | ​ | 16.2
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other contracts(c) |  | ​ | 6.9 |  | ​ | — |  | ​ | 1.9 |  | ​ | —
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total all contracts | ​ | $ | 15.3 | ​ | $ | 5.1 | ​ | $ | 26.2 | ​ | $ | 17.5
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized fair value of derivative assets | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Current | ​ | $ | 15.0 | ​ | ​ |  | ​ | $ | 25.5 | ​ |  |
Non-current(iii) | ​ |  | 2.8 | ​ | ​ |  | ​ |  | 1.5 | ​ |  |
​ | ​ | $ | 17.8 | ​ | ​ |  | ​ | $ | 27.0 | ​ |  |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized fair value of derivative liabilities | ​ |  |  | ​ | ​ |  | ​ |  |  | ​ |  |
Current(iv) | ​ | $ | (2.0) | ​ | ​ |  | ​ | $ | (0.8) | ​ |  |
Non-current | ​ | ​ | (0.5) | ​ | ​ |  | ​ |  | — | ​ |  |
​ | ​ | $ | (2.5) | ​ | ​ |  | ​ | $ | (0.8) | ​ |  |
Total net fair value | ​ | $ | 15.3 | ​ | ​ |  | ​ | $ | 26.2 | ​ |  |
​
(i) | Of the total amount recorded in AOCI as at December 31, 2023, $4.0 million will be reclassified out of AOCI within the next 12 months as a result of settling the contracts.
(ii) | Of the total amount recorded in AOCI as at December 31, 2023, $(0.1) million will be reclassified out of AOCI within the next 12 months as a result of settling the contracts.
(iii) | Non-current unrealized fair value of derivative assets is included in other long-term assets. See Note 7vi.
(iv) | Current unrealized fair value of derivative liabilities is included in other current liabilities. See Note 7viii.
Summary of foreign currency forward and collar contracts outstanding | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Foreign currency |  | 2024 |  | 2025
Brazilian real zero cost collars (in millions of U.S. dollars) | ​ | $ | 108.0 | ​ | $ | —
Average put strike (Brazilian real) | ​ |  | 5.05 | ​ |  | —
Average call strike (Brazilian real) | ​ |  | 6.56 | ​ |  | —
Canadian dollar forward buy contracts (in millions of U.S. dollars) | ​ | $ | 96.6 | ​ | $ | —
Average forward rate (Canadian dollar) | ​ |  | 1.35 | ​ |  | —
Chilean peso zero cost collars (in millions of U.S. dollars) | ​ | $ | 75.6 | ​ | $ | 36.0
Average put strike (Chilean peso) | ​ | ​ | 824 | ​ | ​ | 840
Average call strike (Chilean peso) | ​ | ​ | 956 | ​ | ​ | 1,044
Summary of energy swap contracts outstanding | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Energy |  | 2024 |  | 2025
WTI oil swap contracts (barrels) |  | ​ | 973,200 |  | ​ | 205,200
Average price | ​ | $ | 71.24 | ​ | $ | 63.50

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