XML 69 R47.htm IDEA: XBRL DOCUMENT v3.21.2
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Cash Flow Hedge Effects on Statement of Operations (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Derivative Instruments, Gain (Loss)        
Cost of sales $ (334.3) $ (238.2) $ (627.7) $ (503.3)
Selling, general, and administrative expenses (374.5) (274.9) (705.3) (582.7)
Interest expense (income), net (1.0) 1.8 (0.7) 6.3
Other (Income) Expense, net 4.4 (0.3) 9.9 1.6
Foreign currency contracts | Cost of sales        
Gain (loss) on fair value hedging relationships:        
Hedged items 0.0 0.0 0.0 0.0
Amount excluded from effectiveness testing recognized in earnings based on an amortization approach 0.0 0.0 0.0 0.0
Gain (loss) on cash flow hedging relationships:        
Amount of gain (loss) reclassified from accumulated OCI into income (8.3) 7.7 (13.8) 13.8
Foreign currency contracts | Cost of sales | Derivatives designated as hedging instruments        
Gain (loss) on fair value hedging relationships:        
Derivatives designated as hedging instruments 0.0 0.0 0.0 0.0
Foreign currency contracts | Selling, general, and administrative expenses        
Gain (loss) on fair value hedging relationships:        
Hedged items 0.0 0.0 0.0 0.0
Amount excluded from effectiveness testing recognized in earnings based on an amortization approach 0.0 0.0 0.0 0.0
Gain (loss) on cash flow hedging relationships:        
Amount of gain (loss) reclassified from accumulated OCI into income (0.4) 0.9 (0.3) 1.7
Foreign currency contracts | Selling, general, and administrative expenses | Derivatives designated as hedging instruments        
Gain (loss) on fair value hedging relationships:        
Derivatives designated as hedging instruments 0.0 0.0 0.0 0.0
Foreign currency contracts | Other (Income) Expense, net        
Gain (loss) on fair value hedging relationships:        
Hedged items (0.7) 2.2 (6.2) 1.5
Amount excluded from effectiveness testing recognized in earnings based on an amortization approach 0.8 0.8 1.6 1.8
Gain (loss) on cash flow hedging relationships:        
Amount of gain (loss) reclassified from accumulated OCI into income 0.0 0.0 0.0 0.0
Foreign currency contracts | Other (Income) Expense, net | Derivatives designated as hedging instruments        
Gain (loss) on fair value hedging relationships:        
Derivatives designated as hedging instruments $ 0.7 $ (2.2) $ 6.2 $ (1.5)