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Financial Instruments and Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

Derivative [Line Items]

Schedule of Interest Rate Derivatives [Table Text Block]

Notional Amount												Average Fixed Rate
SEPTEMBER 30						DECEMBER 31						SEPTEMBER 30						DECEMBER 31
2023						2022						2023						2022						Term at September 30, 2023
$	180.0					$	180.0					1.65		%				1.68		%				Extending to May 2027
$	8.3					$	22.4					0.47		%				0.18		%				Extending to May 2027

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table summarizes the fair value of derivative instruments reflected on a gross basis by contract as recorded in the unaudited condensed consolidated balance sheets:

			Asset Derivatives																		Liability Derivatives
			Balance Sheet Location						SEPTEMBER 30 2023						DECEMBER 31 2022						Balance Sheet Location						SEPTEMBER 30 2023						DECEMBER 31 2022
Derivatives designated as hedging instruments
Cash Flow Hedges
Interest rate swap agreements
Current			Prepaid expenses and other						$	6.8					$	5.9					Prepaid expenses and other						$	—					$	—
Long-term			Other non-current assets						10.6						10.2						Other non-current assets						—						—
Foreign currency exchange contracts
Current			Other current liabilities						5.0						2.6						Other current liabilities						41.6						32.1
Long-term			Other non-current assets						1.4						0.7						Other non-current assets						—						0.3
			Other long-term liabilities						0.5						1.0						Other long-term liabilities						8.4						17.3
Total derivatives designated as hedging instruments									$	24.3					$	20.4											$	50.0					$	49.7
Derivatives not designated as hedging instruments
Cash Flow Hedges
Foreign currency exchange contracts
Current			Prepaid expenses and other						0.1						—						Prepaid expenses and other						0.1						—
			Other current liabilities						1.9						4.9						Other current liabilities						4.5						3.0
Total derivatives not designated as hedging instruments									$	2.0					$	4.9											$	4.6					$	3.0
Total derivatives									$	26.3					$	25.3											$	54.6					$	52.7

Schedule of Derivative Instruments in the Statement of Financial Position by Counterparty [Table Text Block]

The following table summarizes the offsetting of the fair value of derivative instruments on a gross basis by counterparty as recorded in the unaudited condensed consolidated balance sheets:

						Derivative Assets as of September 30, 2023																								Derivative Liabilities as of September 30, 2023
						Gross Amounts of Recognized Assets						Gross Amounts Offset						Net Amounts Presented						Net Amount						Gross Amounts of Recognized Liabilities						Gross Amounts Offset						Net Amounts Presented						Net Amount
Cash Flow Hedges
Interest rate swap agreements						$	17.4					$	—					$	17.4					$	17.4					$	—					$	—					$	—					$	—
Foreign currency exchange contracts						1.4						(1.4)						—						—						47.1						(1.4)						45.7						45.7
Total derivatives						$	18.8					$	(1.4)					$	17.4					$	17.4					$	47.1					$	(1.4)					$	45.7					$	45.7
						Derivative Assets as of December 31, 2022																								Derivative Liabilities as of December 31, 2022
						Gross Amounts of Recognized Assets						Gross Amounts Offset						Net Amounts Presented						Net Amount						Gross Amounts of Recognized Liabilities						Gross Amounts Offset						Net Amounts Presented						Net Amount
Cash Flow Hedges
Interest rate swap agreements						$	16.1					$	—					$	16.1					$	16.1					$	—					$	—					$	—					$	—
Foreign currency exchange contracts						0.4						(0.4)						—						—						43.9						(0.4)						43.5						43.5
Total derivatives						$	16.5					$	(0.4)					$	16.1					$	16.1					$	43.9					$	(0.4)					$	43.5					$	43.5

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

						Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)																								Location of Gain or (Loss) Reclassified from OCI into Income (Effective Portion)						Amount of Gain or (Loss) Reclassified from OCI into Income (Effective Portion)
						THREE MONTHS ENDED												NINE MONTHS ENDED																		THREE MONTHS ENDED												NINE MONTHS ENDED
						SEPTEMBER 30																														SEPTEMBER 30
Derivatives Designated as Hedging Instruments						2023						2022						2023						2022												2023						2022						2023						2022
Cash Flow Hedges
Interest rate swap agreements						$	2.5					$	7.6					$	5.7					$	23.1					Interest expense						$	1.8					$	0.1					$	4.5					$	1.8
Foreign currency exchange contracts						(17.4)						(33.6)						(22.6)						(96.9)						Cost of sales						(8.7)						(12.9)						(26.7)						(21.8)
Total						$	(14.9)					$	(26.0)					$	(16.9)					$	(73.8)											$	(6.9)					$	(12.8)					$	(22.2)					$	(20.0)
Derivatives Not Designated as Hedging Instruments																														Location of Gain or (Loss) Recognized in Income on Derivative						2023						2022						2023						2022
Cash Flow Hedges
Foreign currency exchange contracts																														Cost of sales						$	(3.1)					$	(8.3)					$	(7.8)					$	(26.4)
Total																																				$	(3.1)					$	(8.3)					$	(7.8)					$	(26.4)

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Schedule of Derivative Instruments in Statement of Financial Position by Counterparty [Table Text Block]

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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.

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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.

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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.

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Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

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