XML 154 R49.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

FINANCIAL INSTRUMENTS AND DERIVATIVES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Derivative [Line Items] |
Schedule of Notional Amounts of Outstanding Derivative Positions |
(in millions) |  | Aggregate Notional Amount |  | Aggregate Notional Amount Maturing within 12 Months
Foreign exchange forward contracts |  | $ | 94.0 |  |  | $ | 38.4 |
Total derivative instruments designated as fair value hedges |  | $ | 94.0 |  |  | $ | 38.4 |
Schedule of Derivative Instruments | The notional amounts of hedges of net investments by derivative instrument type at December 31, 2019 and the notional amounts expected to mature during the next 12 months were as follows:
|  | Aggregate Notional Amount |  | Aggregate Notional Amount Maturing within 12 Months
(in millions) |  |  |  |
Foreign exchange forward contracts |  | $ | 775.9 |  |  | $ | 258.6 |
Cross currency basis swaps |  | 295.4 |  |  | — |
Total derivative instruments designated as hedges of net investment |  | $ | 1,071.3 |  |  | $ | 258.6 |
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location | The amounts of gains and losses recorded Other expense (income), net in the Company’s Consolidated Statements of Operations related to the economic hedges not designated as hedging were as follows:
|  | Consolidated Statements of Operations Location |  | Gain (Loss) Recognized |  |  |  |
|  |  |  | December 31, |  |  |  |
(in millions) |  |  |  | 2019 |  | 2018 |  | 2017
Foreign exchange forward contracts (a) |  | Other expense (income), net |  | $ | (2.9) |  |  | $ | (6.2) |  |  | $ | (7.7) |
Total for instruments not designated as hedges |  |  |  | $ | (2.9) |  |  | $ | (6.2) |  |  | $ | (7.7) |
(a) The gains and losses on these derivative transactions offset the gains and losses generated by the revaluation of the underlying non-functional currency balances which are recorded in Other expense (income), net in the Consolidated Statements of Operations.
Offsetting Derivative Assets and Liabilities | Offsetting of financial assets and liabilities under netting arrangements at December 31, 2019 were as follows:
|  |  |  |  |  |  |  | Gross Amounts Not Offset in the Consolidated Balance Sheets |  |  |  |
(in millions) |  | Gross Amounts Recognized |  | Gross Amounts Offset in the Consolidated Balance Sheets |  | Net Amounts Presented in the Consolidated Balance Sheets |  | Financial Instruments |  | Cash Collateral Received/Pledged |  | Net Amount
Assets |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | $ | 38.8 |  |  | $ | — |  |  | $ | 38.8 |  |  | $ | (7.8) |  |  | $ | — |  |  | $ | 31.0 |
Cross currency basis swaps |  | 6.9 |  |  | — |  |  | 6.9 |  |  | (0.9) |  |  | — |  |  | 6.0 |
Total Assets |  | $ | 45.7 |  |  | $ | — |  |  | $ | 45.7 |  |  | $ | (8.7) |  |  | $ | — |  |  | $ | 37.0 |
|  |  |  |  |  |  |  | Gross Amounts Not Offset in the Consolidated Balance Sheets |  |  |  |
(in millions) |  | Gross Amounts Recognized |  | Gross Amounts Offset in the Consolidated Balance Sheets |  | Net Amounts Presented in the Consolidated Balance Sheets |  | Financial Instruments |  | Cash Collateral Received/Pledged |  | Net Amount
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | $ | 3.2 |  |  | $ | — |  |  | $ | 3.2 |  |  | $ | (3.0) |  |  | $ | — |  |  | $ | 0.2 |
Interest rate swaps |  | 10.8 |  |  | — |  |  | 10.8 |  |  | (5.7) |  |  | — |  |  | 5.1 |
Total Liabilities |  | $ | 14.0 |  |  | $ | — |  |  | $ | 14.0 |  |  | $ | (8.7) |  |  | $ | — |  |  | $ | 5.3 |
Offsetting of financial assets and liabilities under netting arrangements at December 31, 2018 were as follows:
|  |  |  |  |  |  |  | Gross Amounts Not Offset in the Consolidated Balance Sheets |  |  |  |
(in millions) |  | Gross Amounts Recognized |  | Gross Amounts Offset in the Consolidated Balance Sheets |  | Net Amounts Presented in the Consolidated Balance Sheets |  | Financial Instruments |  | Cash Collateral Received/Pledged |  | Net Amount
Assets |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | $ | 33.7 |  |  | $ | — |  |  | $ | 33.7 |  |  | $ | (1.8) |  |  | $ | — |  |  | $ | 31.9 |
Cross currency basis swaps |  | 11.6 |  |  | — |  |  | 11.6 |  |  | (1.6) |  |  | — |  |  | 10.0 |
Total Assets |  | $ | 45.3 |  |  | $ | — |  |  | $ | 45.3 |  |  | $ | (3.4) |  |  | $ | — |  |  | $ | 41.9 |
|  |  |  |  |  |  |  | Gross Amounts Not Offset in the Consolidated Balance Sheets |  |  |  |
(in millions) |  | Gross Amounts Recognized |  | Gross Amounts Offset in the Consolidated Balance Sheets |  | Net Amounts Presented in the Consolidated Balance Sheets |  | Financial Instruments |  | Cash Collateral Received/Pledged |  | Net Amount
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | $ | 3.2 |  |  | $ | — |  |  | $ | 3.2 |  |  | $ | (3.2) |  |  | $ | — |  |  | $ | — |
Interest rate swaps |  | 0.2 |  |  | — |  |  | 0.2 |  |  | (0.2) |  |  | — |  |  | — |
Total Liabilities |  | $ | 3.4 |  |  | $ | — |  |  | $ | 3.4 |  |  | $ | (3.4) |  |  | $ | — |  |  | $ | — |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The fair value and Consolidated Balance Sheets location of the Company’s derivatives were as follows:
|  | Year Ended December 31, 2019 |  |  |  |  |  |
Designated as Hedges |  | Prepaid Expenses and Other Current Assets, Net |  | Other Noncurrent Assets, Net |  | Accrued Liabilities |  | Other Noncurrent Liabilities
(in millions) |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | $ | 26.9 |  |  | $ | 11.3 |  |  | $ | 1.3 |  |  | $ | 1.8 |
Interest rate swaps |  | — |  |  | — |  |  | — |  |  | 10.8 |
Cross currency basis swaps |  | — |  |  | 6.9 |  |  | — |  |  | — |
Total |  | $ | 26.9 |  |  | $ | 18.2 |  |  | $ | 1.3 |  |  | $ | 12.6 |
Not Designated as Hedges |  |  |  |  |  |  |  |
(in millions) |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | $ | 2.0 |  |  | $ | — |  |  | $ | 1.5 |  |  | $ | — |
Total |  | $ | 2.0 |  |  | $ | — |  |  | $ | 1.5 |  |  | $ | — |
|  | Year Ended December 31, 2018 |  |  |  |  |  |
Designated as Hedges |  | Prepaid Expenses and Other Current Assets, Net |  | Other Noncurrent Assets, Net |  | Accrued Liabilities |  | Other Noncurrent Liabilities
(in millions) |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | $ | 18.9 |  |  | $ | 12.4 |  |  | $ | — |  |  | $ | 0.6 |
Interest rate swaps |  | — |  |  | — |  |  | 0.2 |  |  | — |
Cross currency basis swaps |  | — |  |  | 11.6 |  |  | — |  |  | — |
Total |  | $ | 18.9 |  |  | $ | 24.0 |  |  | $ | 0.2 |  |  | $ | 0.6 |
Not Designated as Hedges |  |  |  |  |  |  |  |
(in millions) |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | $ | 2.4 |  |  | $ | — |  |  | $ | 2.6 |  |  | $ | — |
Total |  | $ | 2.4 |  |  | $ | — |  |  | $ | 2.6 |  |  | $ | — |
Cash Flow Hedging |
Derivative [Line Items] |
Schedule of Derivative Instruments | he amount of gains and losses recorded in AOCI in the Consolidated Balance Sheets, interest expense and cost of products sold in the Company’s Consolidated Statements of Operations related to all cash flow hedges were as follows:
|  | Year Ended December 31, 2019 |  |  |  |  |  |
(in millions) |  | Gain (Loss) in AOCI |  | Consolidated Statements of Operations Location |  | Effective Portion Reclassified from AOCI into Income (Expense) |  | Ineffective Portion Recognized in Income (Expense)
Effective Portion: |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | (10.8) |  |  | Interest expense |  | $ | (2.4) |  |  | $ | — |
Foreign exchange forward contracts |  | (6.1) |  |  | Cost of products sold |  | 1.0 |  |  | — |
Ineffective Portion: |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | — |  |  | Other expense (income), net |  | — |  |  | 2.1 |
Total in cash flow hedging |  | $ | (16.9) |  |  |  |  | $ | (1.4) |  |  | $ | 2.1 |
|  | Year Ended December 31, 2018 |  |  |  |  |  |
(in millions) |  | Gain (Loss) in AOCI |  | Consolidated Statements of Operations Location |  | Effective Portion Reclassified from AOCI into Income (Expense) |  | Ineffective Portion Recognized in Income (Expense)
Effective Portion: |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | (0.1) |  |  | Interest expense |  | $ | (2.3) |  |  | $ | — |
Foreign exchange forward contracts |  | 5.2 |  |  | Cost of products sold |  | (8.9) |  |  | — |
Ineffective Portion: |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | — |  |  | Other expense (income), net |  | — |  |  | 1.3 |
Total for cash flow hedging |  | $ | 5.1 |  |  |  |  | $ | (11.2) |  |  | $ | 1.3 |
|  | Year Ended December 31, 2017 |  |  |  |  |  |
(in millions) |  | Gain (Loss) in AOCI |  | Consolidated Statements of Operations Location |  | Effective Portion Reclassified from AOCI into Income (Expense) |  | Ineffective Portion Recognized in Income (Expense)
Effective Portion: |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | (0.1) |  |  | Interest expense (a) |  | $ | (2.3) |  |  | $ | — |
Foreign exchange forward contracts |  | (14.6) |  |  | Cost of products sold |  | (3.0) |  |  | — |
Ineffective Portion: |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | — |  |  | Other expense (income), net |  | — |  |  | (0.9) |
Total for cash flow hedging |  | $ | (14.7) |  |  |  |  | $ | (5.3) |  |  | $ | (0.9) |
Net Investment Hedging |
Derivative [Line Items] |
Schedule of Derivative Instruments | The amount of gains and losses recorded in AOCI in the Consolidated Balance Sheets, Interest expense and Other expense (income), net in the Company’s Consolidated Statements of Operations related to the hedges of net investments were as follows:
|  | Year Ended December 31, 2019 |  |  |  |
|  | Gain (Loss) in AOCI |  | Consolidated Statements of Operations Location |  | Recognized in Income (Expense)
(in millions) |  |  |  |  |  |
Effective Portion: |  |  |  |  |  |  |
Cross currency basis swaps |  |  | $ | 9.1 |  |  | Interest expense |  | $ | 8.4 |
Foreign exchange forward contracts |  |  | 8.6 |  |  | Other expense (income), net |  |  | 21.7 |
Total for net investment hedging |  |  | $ | 17.7 |  |  |  |  | $ | 30.1 |
|  | Year Ended December 31, 2018 |  |  |  |
|  | Gain (Loss) in AOCI |  | Consolidated Statements of Operations Location |  | Recognized in Income (Expense)
(in millions) |  |  |  |  |  |
Effective Portion: |  |  |  |  |  |  |
Cross currency basis swaps |  |  | $ | 14.7 |  |  | Interest expense |  | $ | 7.3 |
|  |  |  |  |  | Other expense (income), net |  |  | (3.0) |
Foreign exchange forward contracts |  |  | 21.5 |  |  | Other expense (income), net |  |  | 15.3 |
Total for net investment hedging |  |  | $ | 36.2 |  |  |  |  | $ | 19.6 |
|  | Year Ended December 31, 2017 |  |  |  |
|  | Gain (Loss) in AOCI |  | Consolidated Statements of Operations Location |  | Recognized in Income (Expense)
(in millions) |  |  |  |  |  |
Effective Portion: |  |  |  |  |  |  |
Foreign exchange forward contracts |  |  | $ | (14.1) |  |  | Other expense (income), net |  |  | $ | 3.7 |
Total for net investment hedging |  | $ | (14.1) |  |  |  |  | $ | 3.7 |
Designated as Hedging Instrument | Cash Flow Hedging |
Derivative [Line Items] |
Schedule of Notional Amounts of Outstanding Derivative Positions | The following summarizes the notional amounts of cash flow hedges by derivative instrument type at December 31, 2019 and the notional amounts expected to mature during the next 12 months, with a discussion of the various cash flow hedges by derivative instrument type following the table:
|  | Aggregate Notional Amount |  | Aggregate Notional Amount Maturing within 12 Months
(in millions) |  |  |  |
Foreign exchange forward contracts |  | $ | 347.3 |  |  | $ | 264.0 |
Interest rate swaps |  | 150.0 |  |  | — |
Total derivative instruments designated as cash flow hedges |  | $ | 497.3 |  |  | $ | 264.0 |
Not Designated as Hedging Instrument |
Derivative [Line Items] |
Schedule of Notional Amounts of Outstanding Derivative Positions | The aggregate notional amounts of the Company’s economic hedges not designated as hedges by derivative instrument types at December 31, 2019 and the notional amounts expected to mature during the next 12 months were as follows:
|  | Aggregate Notional Amount |  | Aggregate Notional Amount Maturing within 12 Months
(in millions) |  |  |  |
Foreign exchange forward contracts |  | $ | 237.2 |  |  | $ | 237.2 |
Total for instruments not designated as hedges |  | $ | 237.2 |  |  | $ | 237.2 |

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=109980867&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + 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=109980867&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579240-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579245-113959 + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4CC -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL109998890-113959 + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Offsetting Derivative Assets And Liabilities [Table Text Block] + References No definition available. + Details
Name: | xray_OffsettingDerivativeAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | xray_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NetInvestmentHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |