Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE INSTRUMENTS (Tables)

v3.10.0.1
DERIVATIVE INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule Of Derivative Instruments In Statement Of Financial Position, Fair Value
The following table presents the fair value of our derivative instruments and the classification of each in the Statements of Unaudited Condensed Consolidated Financial Position:
 
 
(In Millions)
 
 
Derivative Assets
 
Derivative Liabilities
 
 
September 30, 2018
 
December 31, 2017
 
September 30, 2018
 
December 31, 2017
Derivative Instrument
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
Derivatives designated as hedging instruments under ASC 815:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commodity Contracts
 
Derivative assets
 
$
0.2

 
 
 
$
—

 
Other current liabilities
 
$
0.1

 
Other current liabilities
 
$
0.3

Derivatives not designated as hedging instruments under ASC 815:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer supply agreement
 
Derivative assets
 
$
186.0

 
Derivative assets
 
$
37.9

 
 
 
$
—

 
 
 
$
—

Provisional pricing arrangements
 
Derivative assets
 
4.6

 
 
 
—

 
Other current liabilities
 
5.7

 
Other current liabilities
 
1.7

Total derivatives not designated as hedging instruments under ASC 815
 
 
 
$
190.6

 
 
 
$
37.9

 
 
 
$
5.7

 
 
 
$
1.7

Total derivatives
 
 
 
$
190.8

 
 
 
$
37.9

 
 
 
$
5.8

 
 
 
$
2.0

Schedule Of Derivatives Not Designated As Hedging Instruments Statements Of Financial Performance Location Table
The following summarizes the effect of our derivatives that are not designated as hedging instruments in the Statements of Unaudited Condensed Consolidated Operations:
(In Millions)
Derivatives Not Designated as Hedging Instruments
 
Location of Income (Loss) Recognized on Derivatives
 
Amount of Income (Loss) Recognized on Derivatives
 
 
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
 
 
2018
 
2017
 
2018
 
2017
Customer Supply Agreements
 
Product revenues
 
$
139.7

 
$
54.3

 
$
337.1

 
$
123.9

Provisional Pricing Arrangements
 
Product revenues
 
(3.8
)
 
(15.7
)
 
(2.7
)
 
(21.0
)
Commodity Contracts
 
Cost of goods sold and operating expenses
 
—

 
—

 
—

 
(1.3
)
Total
 
 
 
$
135.9

 
$
38.6

 
$
334.4

 
$
101.6