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Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Company's Derivative Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes the Company’s and its Affiliates’ derivative financial instruments measured at fair value on a recurring basis:

						December 31, 2019												September 30, 2020
						Assets						Liabilities						Assets						Liabilities
Forward contracts						$	23.8					$	(1.0)					$	2.6					$			(1.9)
Put options						—						(31.0)						—									—
Call options						15.1						—						—									—
Interest rate swap						—						—						—									(2.1)
Total						$	38.9					$	(32.0)					$	2.6					$			(4.0)

Schedule of Effect of Derivative Financial Instruments on the Consolidated Statements of Comprehensive Income and Statements of Income

The following tables summarize the effects of derivative financial instruments on the Consolidated Statements of Comprehensive Income and the Consolidated Statements of Income:

						For the Three Months Ended September 30,
						2019																					2020
						Gain (Loss) Recognized in Other Comprehensive Income (Loss)						Loss Reclassified from Accumulated Other Comprehensive Loss into Earnings									Gain Recognized in Earnings from Excluded Components(1)						Gain (Loss) Recognized in Other Comprehensive Income (Loss)						Gain Reclassified from Accumulated Other Comprehensive Loss into Earnings									Gain (Loss) Recognized in Earnings from Excluded Components(1)
Forward contracts						$	22.8					$			(0.0)						$	3.5					$	0.4					$			0.1						$	—
Put options						(8.4)									—						—						—									—						—
Call options						(7.5)									—						—						—									—						—
Interest rate swap						—									—						—						(0.1)									—						—
Total						$	6.9					$			(0.0)						$	3.5					$	0.3					$			0.1						$	—

						For the Nine Months Ended September 30,
						2019																		2020
						Gain (Loss) Recognized in Other Comprehensive Income						Gain Reclassified from Accumulated Other Comprehensive Loss into Earnings						Gain Recognized in Earnings from Excluded Components(1)						Gain (Loss) Recognized in Other Comprehensive Income						Gain Reclassified from Accumulated Other Comprehensive Loss into Earnings									Gain Recognized in Earnings from Excluded Components(1)
Forward contracts						$	32.6					$	0.1					$	10.4					$	64.9					$			0.4						$	2.8
Put options						(2.8)						—						—						(47.7)									—						—
Call options						(22.5)						—						—						(1.3)									—						—
Interest rate swap						—						—						—						(2.1)									—						—
Total						$	7.3					$	0.1					$	10.4					$	13.8					$			0.4						$	2.8

___________________________

(1)The excluded components of the forward contracts were recognized in earnings on a straight-line basis over the respective period of the contracts as a reduction to Interest expense on the Consolidated Statements of Income.

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- References

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959

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