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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Cash Flow Hedge Effects on Statement of Operations (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021
Derivative Instruments, Gain (Loss) |  |  |  |
Cost of sales | $ (253.8) | $ (311.7) | $ (822.5) | $ (939.4)
Selling, general, and administrative expenses | (377.3) | (364.4) | (1,156.6) | (1,069.7)
Other Expense (Income), net | (2.0) | 1.4 | (1.0) | 11.3
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 | 27.1 | (10.8) | 50.7 | (24.6)
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 | 0.0 | (0.3) | 0.0 | (0.6)
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 Expense (Income), net |  |  |  |
Gain (loss) on fair value hedging relationships: |  |  |  |
Hedged items | (4.1) | (0.2) | (4.1) | (6.4)
Amount excluded from effectiveness testing recognized in earnings based on an amortization approach | 0.4 | 0.8 | 0.4 | 2.4
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 Expense (Income), net | Derivatives designated as hedging instruments |  |  |  |
Gain (loss) on fair value hedging relationships: |  |  |  |
Derivatives designated as hedging instruments | $ 4.1 | $ 0.2 | $ 4.1 | $ 6.4

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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 924 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 11.L) -URI https://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(a),(d)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
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