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DERIVATIVE FINANCIAL INSTRUMENTS - Effect of derivative instruments on income (Details) - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2024 | Mar. 31, 2023
Income Statement Accounts in which effects of cash flow hedges are recorded |  |
Cost of goods sold | $ (995.2) | $ (957.0)
Interest expense | (15.0) | (14.9)
Cash Flow Hedging | Derivatives designated as hedges |  |
Income Statement Accounts in which effects of cash flow hedges are recorded |  |
Gain (Loss) Reclassified from AOCI into Income (Loss) | (0.2) | (1.8)
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach: |  |
Total | (0.2) | (1.8)
Cash Flow Hedging | Derivatives designated as hedges | Cost of goods sold |  |
Income Statement Accounts in which effects of cash flow hedges are recorded |  |
Gain (Loss) Reclassified from AOCI into Income (Loss) | (0.2) | (1.8)
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach: |  |
Total | (0.2) | (1.8)
Cash Flow Hedging | Derivatives designated as hedges | Interest Expense |  |
Income Statement Accounts in which effects of cash flow hedges are recorded |  |
Gain (Loss) Reclassified from AOCI into Income (Loss) | 0.9 | 0.8
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach: |  |
Total | 0.9 | 0.8
Cash Flow Hedging | Commodity swaps | Derivatives designated as hedges | Cost of goods sold |  |
Income Statement Accounts in which effects of cash flow hedges are recorded |  |
Gain (Loss) Reclassified from AOCI into Income (Loss) | (0.2) | (1.8)
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach: |  |
Total | (0.2) | (1.8)
Cash Flow Hedging | Commodity swaps | Derivatives designated as hedges | Interest Expense |  |
Income Statement Accounts in which effects of cash flow hedges are recorded |  |
Gain (Loss) Reclassified from AOCI into Income (Loss) | 0.0 | 0.0
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach: |  |
Total | 0.0 | 0.0
Cash Flow Hedging | Foreign exchange contracts | Derivatives designated as hedges | Cost of goods sold |  |
Income Statement Accounts in which effects of cash flow hedges are recorded |  |
Gain (Loss) Reclassified from AOCI into Income (Loss) | 0.0 | 0.0
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach: |  |
Total | 0.0 | 0.0
Cash Flow Hedging | Reclassification out of Accumulated Other Comprehensive Income | Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest |  |
Income Statement Accounts in which effects of cash flow hedges are recorded |  |
Cost of goods sold | (995.2) | (957.0)
Interest expense | (15.0) | (14.9)
Net Investment Hedging | Cross currency swaps - net investment hedge | Derivatives designated as hedges | Cost of goods sold |  |
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach: |  |
Cross currency swaps - net investment hedge | 0.0 | 0.0
Net Investment Hedging | Cross currency swaps - net investment hedge | Derivatives designated as hedges | Interest Expense |  |
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach: |  |
Cross currency swaps - net investment hedge | $ 0.9 | $ 0.8

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