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Derivatives (Tables)
 12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Balance Sheet, Fair Value
The fair value of derivative instruments on our Consolidated Balance Sheets as of December 31 consisted of the following:
 
Derivative Assets
 
Derivative Liabilities
 
Balance Sheet Location
December 31, 2019
December 31, 2018
 
Balance Sheet Location
December 31, 2019
December 31, 2018
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
Foreign currency option contracts(1)
Other Current Assets
$
—

$
0.2

 
Other Current Liabilities
$
—

$
—

Foreign currency option contracts(1)
Other Assets
—

—

 
Other Liabilities
—

—

Foreign currency forward contracts(1)
Other Current Assets
2.5

2.3

 
Other Current Liabilities
—

—

Foreign currency forward contracts(1)
Other Assets
—

—

 
Other Liabilities
12.6

20.7

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
Foreign currency forward contracts(1)
Other Current Assets
0.6

0.2

 
Other Current Liabilities
0.3

—

Foreign currency forward contracts(1)
Other Assets
$
—

$
—

 
Other Liabilities
$
—

$
—

(1) 
Contracts that mature within the next 12 months are included in Other Current Assets and Other Current Liabilities for asset derivatives and liabilities derivatives, respectively, on our Consolidated Balance Sheets. Contracts with maturities greater than 12 months are included in Other Assets and Other Liabilities for asset derivatives and liability derivatives, respectively, in our Consolidated Balance Sheets. Amounts included in our Consolidated Balance Sheets are recorded net where a right of offset exists with the same derivative counterparty.
Schedule of Derivative Instruments, Gain (Loss)
The following tables include the amounts in the Consolidated Statements of Earnings in which the effects of cash flow hedges are recorded and the effects of cash flow hedge activity on these line items for the years ended December 31, 2019 and December 31, 2018:
 
Years Ended
 
December 31
 
2019
 
2018
 
Total
Amount of Gain (Loss) on Cash Flow Hedge Activity
 
Total
Amount of Gain (Loss) on Cash Flow Hedge Activity
Net Sales
$
1,137.6

$
(0.1
)
 
1,123.5

(0.2
)
Interest Income
3.3

2.9

 
3.0

2.4

Net Foreign Currency Transaction Losses
(0.7
)
3.4

 
(1.1
)
8.3

The effect of foreign currency derivative instruments designated as cash flow hedges and foreign currency derivative instruments not designated as hedges in our Consolidated Statements of Earnings for the three years ended December 31 were as follows:
 
 
2019
 
2018
 
2017
 
 
Foreign Currency Option Contracts
 
Foreign Currency Forward Contracts
 
Foreign Currency Option Contracts
 
Foreign Currency Forward Contracts
 
Foreign Currency Option Contracts
Foreign Currency Forward Contracts
Derivatives in cash flow hedging relationships:
 
 
 
 
 
 
 
 
 
 
 
Net gain (loss) recognized in Other Comprehensive Income (Loss), net of tax(1)
 
(0.3
)
 
8.6

 
0.1

 
9.0

 
(0.2
)
(16.2
)
Net (loss) gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax, effective portion to Net Sales
 
—

 
—

 
(0.1
)
 
—

 
(0.2
)
—

Net gain reclassified from Accumulated Other Comprehensive Loss in earnings, net of tax, effective portion to Interest Income
 
—

 
2.2

 
—

 
1.9

 
—

1.2

Net gain (loss) reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax, effective portion to Net Foreign Currency Transaction Losses
 
—

 
2.6

 
—

 
6.4

 
—

(12.6
)
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
Net loss recognized in earnings(2)
 
—

 
(1.3
)
 
—

 
(2.5
)
 
—

(6.2
)
(1) 
Net change in the fair value of the effective portion classified in Other Comprehensive (Loss) Income.
(2) 
Classified in Net Foreign Currency Transaction Losses.