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Reclassifications out of Accumulated Other Comprehensive Income (Loss) (Notes)

9 Months Ended

Sep. 30, 2020

Reclassifications out of Accumulated Other Comprehensive Income (Loss) [Abstract]

Disclosure of Reclassification Amount [Text Block]

12. RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (AOCI)

Reclassification adjustments and other activity impacting accumulated other comprehensive income (loss) during the three months ended September 30, 2020 and September 30, 2019 are as follows (in millions):

						Defined Benefit Plans						Foreign Currency Translation Adjustments						Unrecognized Gain (Loss) on Cash Flow Hedges						Total
			Balance at June 30, 2020			$	(256.6)					$	(144.9)					$	(41.7)					$	(443.2)
			Other comprehensive income (loss) before reclassifications			—						14.0						(7.8)						6.2
			Income tax effect of other comprehensive income (loss) before reclassifications			—						—						2.6						2.6
			Amounts reclassified from accumulated other comprehensive loss			2.1			(a)			—						14.7			(b)			16.8
			Income taxes reclassified into net income			(0.4)						—						(2.8)						(3.2)
			Net change in accumulated other comprehensive loss			1.7						14.0						6.7						22.4
			Balance at September 30, 2020			$	(254.9)					$	(130.9)					$	(35.0)					$	(420.8)

						Defined Benefit Plans						Foreign Currency Translation Adjustments						Unrecognized Gain (Loss) on Cash Flow Hedges						Total
			Balance at June 30, 2019			$	(239.8)					$	(94.2)					$	(19.4)					$	(353.4)
			Other comprehensive income (loss) before reclassifications			(2.9)						(37.1)						(0.7)						(40.7)
			Income tax effect of other comprehensive income (loss) before reclassifications			0.6						—						(0.1)						0.5
			Amounts reclassified from accumulated other comprehensive loss			1.3			(a)			—						(6.8)			(b)			(5.5)
			Income taxes reclassified into net income			(0.3)						—						1.2						0.9
			Net change in accumulated other comprehensive loss			(1.3)						(37.1)						(6.4)						(44.8)
			Balance at September 30, 2019			$	(241.1)					$	(131.3)					$	(25.8)					$	(398.2)

(a)			These amounts were reclassified from AOCI to Other income (expense), net for the three months ended September 30, 2020 and September 30, 2019.
(b)			The amounts reclassified from AOCI included $1.3 million in cost of goods sold (COGS), $4.1 million in interest expense and $9.3 million in Other income (expense), net for the three months ended September 30, 2020 and $(0.9) million in COGS, $1.7 million in interest expense and $(7.6) million in Other income (expense), net for the three months ended September 30, 2019.

Reclassification adjustments and other activity impacting accumulated other comprehensive income (loss) during the nine months ended September 30, 2020 and September 30, 2019 are as follows (in millions):

						Defined Benefit Plans						Foreign Currency Translation Adjustments						Unrecognized Gain (Loss) on Cash Flow Hedges						Total
			Balance at December 31, 2019			$	(259.9)					$	(101.2)					$	(15.7)					$	(376.8)
			Other comprehensive income (loss) before reclassifications			—						(29.7)						(42.6)						(72.3)
			Income tax effect of other comprehensive income (loss) before reclassifications			—						—						5.7						5.7
			Amounts reclassified from accumulated other comprehensive loss			6.2			(a)			—						21.7			(b)			27.9
			Income taxes reclassified into net income			(1.2)						—						(4.1)						(5.3)
			Net change in accumulated other comprehensive loss			5.0						(29.7)						(19.3)						(44.0)
			Balance at September 30, 2020			$	(254.9)					$	(130.9)					$	(35.0)					$	(420.8)

						Defined Benefit Plans						Foreign Currency Translation Adjustments						Unrecognized Gain (Loss) on Cash Flow Hedges						Total
			Balance at December 31, 2018			$	(213.9)					$	(96.6)					$	(1.1)					$	(311.6)
			Other comprehensive income (loss) before reclassifications			(30.8)			(c)			(34.7)						(22.4)						(87.9)
			Income tax effect of other comprehensive income (loss) before reclassifications			0.6						—						5.7						6.3
			Amounts reclassified from accumulated other comprehensive income (loss)			3.8			(a)			—						(9.6)			(b)			(5.8)
			Income taxes reclassified into net income			(0.8)						—						1.6						0.8
			Net change in accumulated other comprehensive income (loss)			(27.2)						(34.7)						(24.7)						(86.6)
			Balance at September 30, 2019			$	(241.1)					$	(131.3)					$	(25.8)					$	(398.2)

(a)			These amounts were reclassified from AOCI to Other income (expense), net for the nine months ended September 30, 2020 and September 30, 2019.
(b)			The amounts reclassified from AOCI included $2.3 million in COGS, $10.1 million in interest expense and $9.3 million in Other income (expense), net for the nine months ended September 30, 2020 and $(1.8) million in COGS, $(0.2) million in interest expense and $(7.6) million in Other income (expense), net for the nine months ended September 30, 2019.
(c)			ASU 2018-02 became effective on January 1, 2019, and we elected to reclassify the stranded tax effects caused by the 2017 Tax Cuts and Jobs Act, resulting in a decrease in Accumulated other comprehensive income (loss) of $27.7 million at January 1, 2019.

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Reclassifications out of Accumulated Other Comprehensive Income (Loss) [Abstract]

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- Definition

The entire disclosure for any adjustments made during the period to avoid double counting in comprehensive income items displayed as part of net income that also had been displayed as part of other comprehensive income in that period or earlier periods. These adjustments include reclassifications to net income of items in accumulated comprehensive income, such as deferred gains or losses on qualifying hedges when hedged item reported in net income, holding gains or losses on available-for-sale securities transferred into trading category, unrealized holding gains or losses on debt securities transferred from held-to-maturity category into available-for-sale category and accumulated translation adjustment attributable to foreign subsidiary or investment in foreign entity upon sale or liquidation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-URI http://asc.fasb.org/topic&trid=2134417

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