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Derivatives (Tables)
 3 Months Ended
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives Not Designated as Hedging Instruments
The following table sets forth the Company's derivative assets and liabilities that were accounted for at fair value and not designated as cashflow hedges as of March 31, 2020 and December 31, 2019, respectively:
 
Asset Fair Value
 
March 31, 2020
 
December 31, 2019
Commodity contracts (1)
$
58.3

 
$
19.7

Foreign exchange contracts (2)
—

 
—

Total
$
58.3

 
$
19.7

 
 
 
 
 
Liability Fair Value
 
March 31, 2020
 
December 31, 2019
Commodity contracts (1)
$
37.7

 
$
3.6

Foreign exchange contracts (2)
1.6

 
0.6

Total
$
39.3

 
$
4.2

 
 
 
 
(1) Commodity contracts reflect our outstanding LME forward financial sales contracts, MWP forward financial sales contracts, Hawesville L4 power price swaps, fixed for floating swaps, NYMEX Henry Hub natural gas price swaps, MISO Indiana Hub power price swaps, and Nord Pool power price swaps. At March 31, 2020 and December 31, 2019, $8.1 million and $0.2 million of Due from affiliates and $5.1 million and $0.5 million of Due from affiliates - less current portion, respectively, is related to commodity contract assets with Glencore.
(2) Foreign exchange contracts reflect our outstanding FX swaps.
Schedule of Derivative Instruments The following table summarizes the net (loss) gain on forward and derivative contracts:
 
Three months ended March 31,
 
2020
 
2019
Commodity contracts(3)
$
9.0

 
$
(5.5
)
Foreign exchange contracts
(5.2
)
 
(0.2
)
   Total
$
3.8

 
$
(5.7
)
(3) For the three months ended March 31, 2020 and 2019, $12.6 million and $(1.0) million of the net (loss) gain, respectively, was with Glencore.