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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
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Dec. 31, 2019
Fair Value Disclosures [Abstract] |
Fair Value, by Balance Sheet Grouping [Table Text Block] | The following represents the assets and liabilities measured at fair value:
| (In Millions)
| December 31, 2019
| Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Assets: |  |  |  |  |  |  |
Cash equivalents | $ | — |  |  | $ | 187.6 |  |  | $ | — |  |  | $ | 187.6 |
Derivative assets | — |  |  | — |  |  | 45.8 |  |  | 45.8 |
Total | $ | — |  |  | $ | 187.6 |  |  | $ | 45.8 |  |  | $ | 233.4 |
Liabilities: |  |  |  |  |  |  |
Derivative liabilities | $ | — |  |  | $ | 3.2 |  |  | $ | 1.1 |  |  | $ | 4.3 |
Total | $ | — |  |  | $ | 3.2 |  |  | $ | 1.1 |  |  | $ | 4.3 |
| (In Millions)
| December 31, 2018
| Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Assets: |  |  |  |  |  |  |
Cash equivalents | $ | 0.8 |  |  | $ | 542.6 |  |  | $ | — |  |  | $ | 543.4 |
Derivative assets | — |  |  | 0.1 |  |  | 91.4 |  |  | 91.5 |
Total | $ | 0.8 |  |  | $ | 542.7 |  |  | $ | 91.4 |  |  | $ | 634.9 |
Liabilities: |  |  |  |  |  |  |
Derivative liabilities | $ | — |  |  | $ | 3.7 |  |  | $ | — |  |  | $ | 3.7 |
Total | $ | — |  |  | $ | 3.7 |  |  | $ | — |  |  | $ | 3.7 |
Fair Value, Measurements Inputs and Valuation Techniques | The following table illustrates information about quantitative inputs and assumptions for the derivative assets and derivative liabilities categorized in Level 3 of the fair value hierarchy:
| Qualitative/Quantitative Information About Level 3 Fair Value Measurements
|  |  | Fair Value at December 31, 2019 (In Millions) |  | Balance Sheet Location |  | Valuation Technique |  | Unobservable Input |  | Point Estimate
| Customer supply agreement |  | $44.5 |  | Derivative assets |  | Market Approach |  | Management's estimate of hot-rolled coil steel price per net ton |  | $650
| Provisional pricing arrangements |  | $1.3 |  | Derivative assets |  | Market Approach |  | Management's estimate of Platts 62% price per dry metric ton |  | $76
| Provisional pricing arrangements |  | $1.1 |  | Other current liabilities |  | Market Approach |  | PPI estimates |  | 197
Fair Value, Assets and Liabilities, Measured On Recurring Basis, Unobservable Input Reconciliation | The following tables represent a reconciliation of the changes in fair value of financial instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3):
| (In Millions)
| Derivative Assets (Level 3) |  | Derivative Liabilities (Level 3)
| Year Ended December 31, |  | Year Ended December 31,
| 2019 |  | 2018 |  | 2019 |  | 2018
Beginning balance - January 1 | $ | 91.4 |  |  | $ | 49.5 |  |  | $ | — |  |  | $ | (1.7 | )
Total gains (losses) included in earnings | 78.6 |  |  | 428.7 |  |  | (71.1 | ) |  | (6.1 | )
Settlements | (124.2 | ) |  | (386.8 | ) |  | 70.0 |  |  | 7.8 |
Ending balance - December 31 | $ | 45.8 |  |  | $ | 91.4 |  |  | $ | (1.1 | ) |  | $ | — |
Total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) on assets still held at the reporting date | $ | 45.8 |  |  | $ | 91.4 |  |  | $ | (1.1 | ) |  | $ | — |
Schedule Of Carrying Value And Fair Value Of Financial Instruments | A summary of the carrying value and fair value of other financial instruments were as follows:
|  |  | (In Millions)
|  |  | December 31, 2019 |  | December 31, 2018
| Classification |  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Long-term debt: |  |  |  |  |  |  |  |  |
Secured Notes: |  |  |  |  |  |  |  |  |
$400 Million 4.875% 2024 Senior Notes | Level 1 |  | $ | 393.6 |  |  | $ | 410.0 |  |  | $ | 392.1 |  |  | $ | 370.2 |
Unsecured Notes: |  |  |  |  |  |  |  |  |
$700 Million 4.875% 2021 Senior Notes | Level 1 |  | — |  |  | — |  |  | 123.8 |  |  | 122.3 |
$316.25 Million 1.50% 2025 Convertible Senior Notes | Level 1 |  | 246.7 |  |  | 385.0 |  |  | 235.2 |  |  | 352.4 |
$1.075 Billion 5.75% 2025 Senior Notes | Level 1 |  | 464.2 |  |  | 473.3 |  |  | 1,048.8 |  |  | 962.0 |
$750 Million 5.875% 2027 Senior Notes | Level 1 |  | 716.4 |  |  | 718.5 |  |  | — |  |  | — |
$800 Million 6.25% 2040 Senior Notes | Level 1 |  | 292.9 |  |  | 250.2 |  |  | 292.8 |  |  | 232.8 |
ABL Facility | Level 2 |  | — |  |  | — |  |  | — |  |  | — |
Fair Value Adjustment to Interest Rate Hedge | Level 2 |  | — |  |  | — |  |  | 0.2 |  |  | 0.2 |
Total long-term debt |  |  | $ | 2,113.8 |  |  | $ | 2,237.0 |  |  | $ | 2,092.9 |  |  | $ | 2,039.9 |

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- Definition Tabular disclosure of the fair value measurement of assets and liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References No definition available. + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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