XML 40 R30.htm IDEA: XBRL DOCUMENT
v3.22.1

Derivatives (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
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 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 |  |  |  | Statement |  | to be Reclassified
|  | Reclassified into |  | March 31, |  |  |  | Line Item |  | During the
|  | Net Income |  | 2022 |  | 2021 |  |  |  |  |  | 2022 |  | Next 12 Months
|  |  |  | (in millions)
Currency forward contracts |  | Cost of Goods Sold |  | $ | 1.2 |  |  | $ | 2.3 |  |  |  |  |  |  | $ | 1,249.4 |  |  | $ | 5.9 |
Fixed-to-fixed cross-currency swap |  | Other Income (Expense), net |  | 6.0 |  |  | 10.1 |  |  |  |  |  |  | (1.0) |  |  | 1.7 |
Variable-to-fixed interest rate swap |  | Interest Expense |  | (2.9) |  |  | (4.2) |  |  |  |  |  |  | (44.7) |  |  | (2.0) |
See Note 12 - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (AOCI) for amounts recognized in other comprehensive income (loss) during the three months ended March 31, 2022 and 2021. The following table summarizes the amount and location of gains and losses recognized in the Condensed Consolidated Statements of Income 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 |  |  |  | Statement Line
|  | Recognized in |  | March 31, |  |  |  | Item
|  | Net Income |  | 2022 |  | 2021 |  |  |  |  |  | 2022
|  |  |  | (in millions)
Currency forward contracts |  | Other Income (Expense), net |  | $ | 1.0 |  |  | $ | (0.1) |  |  |  |  |  |  | $ | (1.0) |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://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 https://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 https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration