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DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 6 Months Ended
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Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Derivative Financial Instruments at Fair Value | The following table presents assets and liabilities representing the fair value of our most significant derivative financial instruments. The fair values of the derivatives reflect the change in the market value of the derivative from the date of the trade execution and do not consider the offsetting underlying hedged item.
| Expiring at various dates through: |  | Total USD Equivalent Notional Amount |  | As of June 30, 2023
Derivatives | Assets |  | Liabilities
Other Current Assets |  | Sundry |  | Other Current Liabilities |  | Other Long-Term Liabilities
Designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Total cash flow hedges-currency hedges | Dec 2024 |  | $ | 295.0 |  |  | $ | 5.2 |  |  | $ | .4 |  |  | $ | 5.1 |  |  | $ | .4 |
Total fair value hedges | Sep 2023 |  | 58.6 |  |  | .5 |  |  | — |  |  | .2 |  |  | — |
Not designated as hedging instruments | Jun 2024 |  | 110.1 |  |  | — |  |  | — |  |  | .8 |  |  | — |
Total derivatives |  |  |  |  | $ | 5.7 |  |  | $ | .4 |  |  | $ | 6.1 |  |  | $ | .4 |
| Expiring at various dates through: |  | Total USD Equivalent Notional Amount |  | As of December 31, 2022
Derivatives | Assets |  | Liabilities
Other Current Assets |  | Sundry |  | Other Current Liabilities |  | Other Long-Term Liabilities
Designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Total cash flow hedges-currency hedges | Jun 2024 |  | $ | 263.4 |  |  | $ | 1.9 |  |  | $ | .5 |  |  | $ | 4.3 |  |  | $ | .4 |
Total fair value hedges | Apr 2023 |  | 65.5 |  |  | .3 |  |  | — |  |  | 1.0 |  |  | — |
Not designated as hedging instruments | Dec 2023 |  | 86.0 |  |  | .2 |  |  | — |  |  | .2 |  |  | — |
Total derivatives |  |  |  |  | $ | 2.4 |  |  | $ | .5 |  |  | $ | 5.5 |  |  | $ | .4 |
Summary of Pre-Tax (Gains) Losses of Hedging Activities | The following table sets forth the pretax (gains) losses for our hedging activities for the periods presented. This schedule includes reclassifications from accumulated other comprehensive income (see Note 11) as well as derivative settlements recorded directly to income or expense.
Derivatives |  | Income Statement Caption |  | Amount of (Gain) Loss Recorded in Income Six Months Ended June 30, |  | Amount of (Gain) Loss Recorded in Income Three Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Designated as hedging instruments |  |  |  |  |  |  |  |  |  |
Interest rate cash flow hedges |  | Interest expense |  | $ | (.2) |  |  | $ | 1.8 |  |  | $ | (.1) |  |  | $ | .9 |
Currency cash flow hedges |  | Net trade sales |  | 1.6 |  |  | (2.3) |  |  | .9 |  |  | (.5) |
Currency cash flow hedges |  | Cost of goods sold |  | (1.3) |  |  | (1.1) |  |  | (.6) |  |  | (.7) |
Currency cash flow hedges |  | Other (income) expense, net |  | — |  |  | — |  |  | — |  |  | (.1) |
Total cash flow hedges |  |  |  | .1 |  |  | (1.6) |  |  | .2 |  |  | (.4) |
Fair value hedges |  | Other (income) expense, net |  | .6 |  |  | 1.0 |  |  | (1.5) |  |  | 1.5 |
Not designated as hedging instruments |  | Other (income) expense, net |  | 3.5 |  |  | .1 |  |  | 3.5 |  |  | — |
Total derivative instruments |  |  |  | $ | 4.2 |  |  | $ | (.5) |  |  | $ | 2.2 |  |  | $ | 1.1 |

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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 -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + Details
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