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Derivative Financial Instruments and Hedging (Tables) | 6 Months Ended
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Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule Of Derivative Instruments In Statement Of Financial Position Fair Value | The fair values of the Company’s derivative financial instruments are presented below, representing the gross amounts recognized which are not offset by counterparty or by type of item hedged. All fair values for these derivatives were measured using Level 2 information as defined by the accounting standard hierarchy, which includes quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs derived principally from or corroborated by observable market data.
(In millions) Asset derivatives |  | Balance sheet location |  | June 30, 2019 |  | December 31, 2018
Derivatives designated as hedging instruments: |  |  |  |
Foreign exchange contracts |  | Prepaid expenses and other current assets |  | $ | 0.1 |  |  | $ | — |
Natural gas contacts |  | Prepaid expenses and other current assets |  | — |  |  | 0.8 |
Nickel and other raw material contracts |  | Prepaid expenses and other current assets |  | 3.4 |  |  | 1.2 |
Natural gas contracts |  | Other assets |  | 0.1 |  |  | 0.2 |
Nickel and other raw material contracts |  | Other assets |  | 1.4 |  |  | 0.8 |
Total derivatives designated as hedging instruments |  | 5.0 |  |  | 3.0 |
Derivatives not designated as hedging instruments: |  |  |  |
Foreign exchange contracts |  | Prepaid expenses and other current assets |  | — |  |  | 0.4 |
Total derivatives not designated as hedging instruments |  | — |  |  | 0.4 |
Total asset derivatives |  |  |  | $ | 5.0 |  |  | $ | 3.4 |
Liability derivatives |  | Balance sheet location |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |
Interest rate swap |  | Other current liabilities |  | $ | 0.6 |  |  | $ | 0.2 |
Foreign exchange contracts |  | Other current liabilities |  | 0.1 |  |  | 0.6 |
Natural gas contracts |  | Other current liabilities |  | 1.7 |  |  | 0.1 |
Nickel and other raw material contracts |  | Other current liabilities |  | 2.0 |  |  | 6.8 |
Interest rate swap |  | Other long-term liabilities |  | 0.4 |  |  | 0.3 |
Natural gas contracts |  | Other long-term liabilities |  | 0.7 |  |  | 0.3 |
Nickel and other raw material contracts |  | Other long-term liabilities |  | 0.3 |  |  | 2.1 |
Total derivatives designated as hedging instruments |  | 5.8 |  |  | 10.4 |
Total liability derivatives |  |  |  | $ | 5.8 |  |  | $ | 10.4 |
Schedule Of Derivative Instruments Gain Loss In Statement Of Financial Performance | Activity with regard to derivatives designated as cash flow hedges for the three and six month periods ended June 30, 2019 and 2018 was as follows (in millions):
| Amount of Gain (Loss) Recognized in OCI on Derivatives |  | Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (a)
| Three months ended June 30, |  | Three months ended June 30,
Derivatives in Cash Flow Hedging Relationships | 2019 |  | 2018 |  | 2019 |  | 2018
Nickel and other raw material contracts | $ | (1.9 | ) |  | $ | 6.2 |  |  | $ | (0.2 | ) |  | $ | 3.4 |
Natural gas contracts | (1.9 | ) |  | — |  |  | (0.1 | ) |  | (0.1 | )
Foreign exchange contracts | (0.2 | ) |  | 1.3 |  |  | — |  |  | 0.2 |
Interest rate swap | (0.3 | ) |  | — |  |  | (0.1 | ) |  | — |
Total | $ | (4.3 | ) |  | $ | 7.5 |  |  | $ | (0.4 | ) |  | $ | 3.5 |
| Amount of Gain (Loss) Recognized in OCI on Derivatives |  | Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (a)
| Six months ended June 30, |  | Six months ended June 30,
Derivatives in Cash Flow Hedging Relationships | 2019 |  | 2018 |  | 2019 |  | 2018
Nickel and other raw material contracts | $ | 6.4 |  |  | $ | 9.3 |  |  | $ | (0.6 | ) |  | $ | 6.2 |
Natural gas contracts | (2.3 | ) |  | 0.2 |  |  | — |  |  | (0.4 | )
Foreign exchange contracts | 0.1 |  |  | 0.5 |  |  | (0.3 | ) |  | — |
Interest rate swap | (0.5 | ) |  | — |  |  | (0.2 | ) |  | — |
Total | $ | 3.7 |  |  | $ | 10.0 |  |  | $ | (1.1 | ) |  | $ | 5.8 |
(a) | The gains (losses) reclassified from accumulated OCI into income related to the derivatives, with the exception of the interest rate swap, are presented in cost of sales in the same period or periods in which the hedged item affects earnings. The gains (losses) reclassified from accumulated OCI into income on the interest rate swap are presented in interest expense in the same period as the interest expense on the Term Loan is recognized in earnings.
Schedule Of Derivative Instruments Not Designated as Hedging Instruments | These derivatives that are not designated as hedging instruments were as follows:
(In millions) | Amount of Gain (Loss) Recognized in Income on Derivatives
| Three months ended June 30, |  | Six months ended June 30,
Derivatives Not Designated as Hedging Instruments | 2019 |  | 2018 |  | 2019 |  | 2018
Foreign exchange contracts | $ | — |  |  | $ | 0.3 |  |  | $ | 0.1 |  |  | $ | 0.1 |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
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