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Derivatives (Tables)

9 Months Ended

Sep. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The following table summarizes the reclassification of pre-tax derivative gains and losses into net income (loss) from accumulated other comprehensive income (loss) for those derivative instruments designated as cash flow hedges under ASC 815 - Derivatives and Hedging:

						Location						Gain (Loss) Reclassified During																								Total of Financial						Gain (Loss) Expected
						of Gain (Loss)						Three Months Ended												Nine Months Ended												Statement						to be Reclassified
						Reclassified into						September 30,												September 30,												Line Item						During the
						Net Income						2021						2020						2021						2020						2021						Next 12 Months
												(in millions)
Currency forward contracts						Cost of Goods Sold						$	1.1					$	(1.3)					$	5.2					$	(2.3)					$	3,338.8					$	1.1
Fixed-to-fixed cross-currency swap						Other Income (Expense), net						6.0						(9.3)						14.0						(9.3)						(1.3)						1.7
Variable-to-fixed interest rate swap						Interest Expense						(3.5)						(4.1)						(11.4)						(10.1)						(150.7)						(12.5)

See Note 12 - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (AOCI) for amounts recognized in other comprehensive income (loss) during the three and nine months ended September 30, 2021 and 2020.

The following table summarizes the amount and location of gains and losses recognized in the Condensed Consolidated Statements of Operations for those derivative instruments not designated as hedging instruments under ASC 815:

												Gain (Loss) Recognized During																								Total of Financial
						Location of Gain (Loss)						Three Months Ended												Nine Months Ended												Statement Line
						Recognized in						September 30,												September 30,												Item
						Net Income						2021						2020						2021						2020						2021
												(in millions)
Currency forward contracts						Cost of Goods Sold						$	—					$	0.9					$	—					$	(6.7)					$	3,338.8
Currency forward contracts						Other Income (Expense), net						(0.5)						—						(0.1)						(0.5)						(1.3)

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- References

No definition available.

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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=125515794&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=125515794&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=125515794&loc=SL5624171-113959

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