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Derivative Instruments and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block] The following table summarizes the after-tax impact that changes in the fair value of derivatives designated as cash flow hedges had on accumulated other comprehensive loss and net income during 2020, 2019 and 2018 (in millions):
Recognized in Net Income
Gain (Loss) Recognized in Accumulated
Other Comprehensive Loss
Classification of Gain (Loss)Gain (Loss) Reclassified from Accumulated
Other Comprehensive Loss into Income
Total Amount of the Line Item in the Consolidated Statements of Operations Containing Hedge Gains (Losses)
2020
Foreign currency contracts(1)
$4.6 Cost of goods sold$6.3 $7,092.2 
Commodity contracts(2)
0.5 — 
Total$5.1 $6.3 
2019
Foreign currency contracts$(2.6)Cost of goods sold$0.1 $7,057.1 
2018
Foreign currency contracts$0.4 Cost of goods sold$(2.2)$7,355.3 
Interest rate swap contract(1.5)Interest expense, net(5.0)53.8 
Total$(1.1)$(7.2)
    
(1) The outstanding contracts as of December 31, 2020 range in maturity through December 2021.
(2) The outstanding contracts as of December 31, 2020 range in maturity through May 2021.
Summary Of Accumulated Other Comprehensive Loss Related To Derivatives The following table summarizes the activity in accumulated other comprehensive loss related to the derivatives held by the Company during the years ended December 31, 2020, 2019 and 2018 (in millions):
Before-Tax
Amount
Income
Tax
After-Tax
Amount
Accumulated derivative net losses as of December 31, 2017$(6.0)$(1.3)$(4.7)
Net changes in fair value of derivatives(1.0)0.1 (1.1)
Net losses reclassified from accumulated other comprehensive loss into income8.6 1.4 7.2 
Accumulated derivative net gains as of December 31, 2018$1.6 $0.2 $1.4 
Net changes in fair value of derivatives(3.0)(0.4)(2.6)
Net gains reclassified from accumulated other comprehensive loss into income(0.1)— (0.1)
Accumulated derivative net losses as of December 31, 2019$(1.5)$(0.2)$(1.3)
Net changes in fair value of derivatives4.9 (0.2)5.1 
Net gains reclassified from accumulated other comprehensive loss into income(6.4)(0.1)(6.3)
Accumulated derivative net losses as of December 31, 2020$(3.0)$(0.5)$(2.5)
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] The following table summarizes the notional values of the instrument designated as a net investment hedge (in millions):
Notional Amount as of
December 31, 2020December 31, 2019
Cross currency swap contract$300.0 $300.0 
Schedule of Derivative Instruments [Table Text Block] The following table summarizes the after-tax impact of changes in the fair value of the instrument designated as a net investment hedge (in millions):
Gain (Loss) Recognized in Accumulated Other Comprehensive Loss for the Years Ended
December 31, 2020December 31, 2019December 31, 2018
Foreign currency denominated debt$1.7 $2.5 $(14.4)
Cross currency swap contract(25.5)9.3 17.7 
Derivatives Not Designated as Hedging Instruments [Table Text Block] The following table summarizes the impact that changes in the fair value of derivatives not designated as hedging instruments had on net income (in millions):
For the Years Ended
Classification of
Gain (Loss)
December 31, 2020December 31, 2019December 31, 2018
Foreign currency contractsOther expense, net$3.7 $20.4 $(1.4)
Fair Value Of Derivative Instruments The table below sets forth the fair value of derivative instruments as of December 31, 2020 (in millions):
Asset Derivatives as of
December 31, 2020
Liability Derivatives as of
December 31, 2020
Balance Sheet
Location
Fair
Value
Balance Sheet
Location
Fair
Value
Derivative instruments designated as hedging instruments:
Foreign currency contractsOther current assets$1.0 Other current liabilities$4.5 
Commodity contractsOther current assets0.5 Other current liabilities— 
Cross currency swap contractOther noncurrent assets1.5 Other noncurrent liabilities— 
Derivative instruments not designated as hedging instruments:
Foreign currency contractsOther current assets12.3 Other current liabilities22.2 
Total derivative instruments$15.3 $26.7 

    The table below sets forth the fair value of derivative instruments as of December 31, 2019 (in millions):
Asset Derivatives as of
December 31, 2019
Liability Derivatives as of
December 31, 2019
Balance Sheet
Location
Fair
Value
Balance Sheet
Location
Fair
Value
Derivative instruments designated as hedging instruments:
Foreign currency contractsOther current assets$0.6 Other current liabilities$1.9 
Cross currency swap contractOther noncurrent assets27.0 Other noncurrent liabilities— 
Derivative instruments not designated as hedging instruments:
Foreign currency contractsOther current assets11.7 Other current liabilities13.1 
Total derivative instruments$39.3 $15.0