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Derivatives (Tables)

3 Months Ended

Mar. 31, 2024

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 Accounting Standards Codification (ASC) 815 - Derivatives and Hedging:

						Location																		Gain (Loss) Reclassified During												Total of Financial						Gain Expected
						of Gain (Loss)												Three Months Ended												Statement						to be Reclassified
						Reclassified into												March 31,												Line Item						During the
						Net Income																		2024						2023						2024						Next 12 Months
																								(in millions)
Currency forward contracts						Cost of Goods Sold																		$	4.7					$	3.3					$	1,408.4					$	17.0
Fixed-to-fixed cross-currency swap						Other Income (Expense), net																		5.0						(2.7)						—						0.4
Variable-to-fixed interest rate swap						Interest Expense																		0.3						0.6						(49.0)						4.3

See Note 7 - Reclassifications out of Accumulated Other Comprehensive Income (Loss) (AOCI) for amounts recognized in other comprehensive income during the three months ended March 31, 2024 and 2023.

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:

						Location																		Gain Recognized During												Total of Financial
						of Gain												Three Months Ended												Statement
						Recognized in												March 31,												Line Item
						Net Income																		2024						2023						2024
																								(in millions)
Currency forward contracts						Other Income (Expense), net																		$	1.1					$	2.1					$	—

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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
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

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