XML 81 R36.htm IDEA: XBRL DOCUMENT
v3.20.1

Derivatives (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of derivative instruments on our Condensed Consolidated Balance Sheets | The fair value of derivative instruments on our Consolidated Balance Sheets as of March 31, 2020 and December 31, 2019 was as follows:
| Derivative Assets |  | Derivative Liabilities
| Balance Sheet Location | March 31, 2020 | December 31, 2019 |  | Balance Sheet Location | March 31, 2020 | December 31, 2019
Derivatives designated as hedging instruments: |  |  |  |  |  |  |
Foreign currency option contracts | Other Current Assets | $ | 0.4 |  | $ | — |  |  | Other Current Liabilities | $ | — |  | $ | — |
Foreign currency option contracts | Other Assets | — |  | — |  |  | Other Liabilities | — |  | — |
Foreign currency forward contracts | Other Current Assets | 2.6 |  | 2.5 |  |  | Other Current Liabilities | — |  | — |
Foreign currency forward contracts | Other Assets | — |  | — |  |  | Other Liabilities | 5.8 |  | 12.6 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Foreign currency forward contracts | Other Current Assets | 2.4 |  | 0.6 |  |  | Other Current Liabilities | 0.1 |  | 0.3 |
Foreign currency forward contracts | Other Assets | $ | — |  | $ | — |  |  | Other Liabilities | $ | — |  | $ | — |
Derivative Instruments, Gain (Loss) [Table Text Block] | 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 three months ended March 31, 2020 and March 31, 2019:
| Three Months Ended
| March 31
| 2020 |  | 2019
| Total | Amount of Gain on Cash Flow Hedge Activity |  | Total | Amount of Gain on Cash Flow Hedge Activity
Net Sales | $ | 252.1 |  | $ | — |  |  | $ | 262.5 |  | $ | — |
Interest Income | 0.9 |  | 0.7 |  |  | 0.8 |  | 0.7 |
Net Foreign Currency Transaction (Loss) Gain | (4.1 | ) | 2.7 |  |  | 0.2 |  | 3.1 |
The effect of foreign currency derivative instruments designated as hedges and of foreign currency derivative instruments not designated as hedges in our Consolidated Statements of Earnings for the three months ended March 31, 2020 was as follows:
|  | Three Months Ended
|  | March 31, 2020
|  | Foreign Currency Option Contracts |  | Foreign Currency Forward Contracts
Derivatives in cash flow hedging relationships: |  |  |  |
Net gain recognized in Other Comprehensive (Loss) Income, net of tax(a) |  | $ | 0.3 |  |  | $ | 6.0 |
Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax, effective portion to Interest Income |  | — |  |  | 0.5 |
Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax, effective portion to Net Foreign Currency Transaction (Loss) Gain |  | — |  |  | 2.1 |
Derivatives not designated as hedging instruments: |  |  |  |
Net gain recognized in earnings(b) |  | $ | — |  |  | $ | 2.2 |
The effect of foreign currency derivative instruments designated as hedges and of foreign currency derivative instruments not designated as hedges in our Consolidated Statements of Earnings for the three months ended March 31, 2019 was as follows:
|  | Three Months Ended
|  | March 31, 2019
|  | Foreign Currency Option Contracts |  | Foreign Currency Forward Contracts
Derivatives in cash flow hedging relationships: |  |  |  |
Net (loss) gain recognized in Other Comprehensive (Loss) Income, net of tax(a) |  | $ | (0.1 | ) |  | $ | 4.1 |
Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax, effective portion to Interest Income |  | — |  |  | 0.5 |
Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax, effective portion to Net Foreign Currency Transaction (Loss) Gain |  | — |  |  | 2.4 |
Derivatives not designated as hedging instruments: |  |  |  |
Net (loss) gain recognized in earnings(b) |  | $ | — |  |  | $ | (0.2 | )
(a) | Net change in the fair value of the effective portion classified in Other Comprehensive (Loss) Income.
(b) Classified in Net Foreign Currency Transaction (Loss) Gain

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=109980867&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959 Reference 3: 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 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
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