XML 75 R54.htm IDEA: XBRL DOCUMENT v3.23.1
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Effect of Derivative Instruments on Consolidated Condensed Statements of Operations and Consolidated Condensed Statements of Comprehensive Income (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Foreign currency contracts | Derivatives not designated as hedging instruments    
Derivative Instruments, Gain (Loss)    
Amount of Gain or (Loss) Recognized in Income on Derivative $ (5.4) $ 15.5
Cash flow hedges | Foreign currency contracts | Derivatives designated as hedging instruments    
Derivative Instruments, Gain (Loss)    
Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion) 3.7 24.7
Cash flow hedges | Foreign currency contracts | Derivatives designated as hedging instruments | Cost of sales    
Derivative Instruments, Gain (Loss)    
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) 29.8 7.3
Net investment hedges | Cross currency swap contracts | Derivatives designated as hedging instruments    
Derivative Instruments, Gain (Loss)    
Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion) (2.5) 3.9
Net investment hedges | Cross currency swap contracts | Derivatives designated as hedging instruments | Interest income, net    
Derivative Instruments, Gain (Loss)    
Amount of Gain or (Loss) Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing) $ 1.7 $ 1.6