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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2022
Fair Value Disclosures [Abstract] |
Derivative Assets and Liabilities Measured at Fair Value | The Company’s derivative assets and liabilities are measured at fair value and consisted of Level 2 inputs and their amounts are shown below at their gross values as of September 30, 2022 and December 31, 2021:
|  | Significant Other Observable Inputs (Level 2) Fair Value as of September 30, 2022 |  |  | Significant Other Observable Inputs (Level 2) Fair Value as of December 31, 2021 |  |  | Balance Sheet Location
|  | (in millions) |  |  |
ASSETS: |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange currency contracts relating to inventory and intercompany management fee hedges |  | $ | 1.8 |  |  | $ | 0.3 |  |  | Prepaid expenses and other current assets
Interest rate swaps |  |  | 0.4 |  |  |  | — |  |  | Prepaid expenses and other current assets
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange currency contracts |  |  | 12.1 |  |  |  | 6.6 |  |  | Prepaid expenses and other current assets
|  | $ | 14.3 |  |  | $ | 6.9 |  |  |
LIABILITIES: |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange currency contracts relating to inventory and intercompany management fee hedges |  | $ | 6.4 |  |  | $ | 1.7 |  |  | Other current liabilities
Interest rate swaps |  |  | — |  |  |  | 0.1 |  |  | Other current liabilities
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange currency contracts |  |  | 7.4 |  |  |  | 3.4 |  |  | Other current liabilities
|  | $ | 13.8 |  |  | $ | 5.2 |  |  |
Offsetting of Derivative Assets | The following tables summarize the offsetting of the fair values of the Company’s derivative assets and derivative liabilities for presentation in the Company’s condensed consolidated balance sheets as of September 30, 2022 and December 31, 2021:
|  | Offsetting of Derivative Assets |
|  | Gross Amounts of Recognized Assets |  |  | Gross Amounts Offset in the Balance Sheet |  |  | Net Amounts of Assets Presented in the Balance Sheet |
|  | (in millions) |
September 30, 2022 |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts |  | $ | 13.9 |  |  | $ | (7.1 | ) |  | $ | 6.8 |
Interest rate swaps |  |  | 0.4 |  |  |  | — |  |  |  | 0.4 |
Total |  | $ | 14.3 |  |  | $ | (7.1 | ) |  | $ | 7.2 |
December 31, 2021 |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts |  | $ | 6.9 |  |  | $ | (2.2 | ) |  | $ | 4.7 |
Total |  | $ | 6.9 |  |  | $ | (2.2 | ) |  | $ | 4.7 |
Offsetting of Derivative Liabilities |
|  | Offsetting of Derivative Liabilities |
|  | Gross Amounts of Recognized Liabilities |  |  | Gross Amounts Offset in the Balance Sheet |  |  | Net Amounts of Liabilities Presented in the Balance Sheet |
|  | (in millions) |
September 30, 2022 |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts |  | $ | 13.8 |  |  | $ | (7.1 | ) |  | $ | 6.7 |
Total |  | $ | 13.8 |  |  | $ | (7.1 | ) |  | $ | 6.7 |
December 31, 2021 |  |  |  |  |  |  |  |  |
Foreign exchange currency contracts |  | $ | 5.1 |  |  | $ | (2.2 | ) |  | $ | 2.9 |
Interest rate swaps |  |  | 0.1 |  |  |  | — |  |  |  | 0.1 |
Total |  | $ | 5.2 |  |  | $ | (2.2 | ) |  | $ | 3.0 |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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