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Derivatives (Tables) | 12 Months Ended
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Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivatives by Balance Sheet Location | The following table presents the fair value of asset and liability derivatives and the respective balance sheet locations at December 31, 2020 ($ in millions):
| Asset Derivatives |  | Liability Derivatives
| Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
Derivatives Designated as Hedges: |  |  |  |  |  |  |
Foreign exchange contracts | Accounts receivable |  | $ | 0.9 |  |  | Accrued expenses |  | $ | 11.0 |
Foreign exchange contracts | Other assets |  | — |  |  | Other liabilities |  | 12.3 |
Interest rate contracts | Accounts receivable |  | 0.3 |  |  | Accrued expenses |  | — |
Interest rate contracts | Other assets |  | — |  |  | Other liabilities |  | 7.8 |
Total derivatives designated as hedges |  |  | $ | 1.2 |  |  |  |  | $ | 31.1 |
Derivatives Not Designated as Hedges: |  |  |  |  |  |  |
Foreign exchange contracts | Accounts receivable |  | $ | — |  |  | Accounts payable |  | $ | — |
Total derivatives not designated as hedges |  |  | — |  |  |  |  | — |
Total derivatives |  |  | $ | 1.2 |  |  |  |  | $ | 31.1 |
The following table presents the fair value of asset and liability derivatives and the respective balance sheet locations at December 31, 2019 ($ in millions):
| Asset Derivatives |  | Liability Derivatives
| Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
Derivatives Designated as Hedges: |  |  |  |  |  |  |
Foreign exchange contracts | Accounts receivable |  | $ | 4.8 |  |  | Accrued expenses |  | $ | 5.6 |
Foreign exchange contracts | Other assets |  | 6.3 |  |  | Other liabilities |  | 5.5 |
Interest rate contracts | Accounts receivable |  | — |  |  | Accrued expenses |  | 0.2 |
Total derivatives designated as hedges |  |  | $ | 11.1 |  |  |  |  | $ | 11.3 |
Derivatives Not Designated as Hedges: |  |  |  |  |  |  |
Foreign exchange contracts | Accounts receivable |  | $ | 0.1 |  |  | Accounts payable |  | $ | — |
Total derivatives not designated as hedges |  |  | 0.1 |  |  |  |  | — |
Total derivatives |  |  | $ | 11.2 |  |  |  |  | $ | 11.3 |
Derivatives by Income Statement Location | The following table provides the gross effect that derivative instruments in cash flow hedging relationships had on accumulated other comprehensive income (loss), or AOCI, and results of operations ($ in millions):
Derivatives Designated as Cash Flow Hedging Relationships |  | Unrealized Gain (Loss) Recognized in AOCI on Derivatives, Net of Tax for the Year Ended December 31, |  | Location of Loss (Gain) Reclassified from AOCI |  | Loss (Gain) Reclassified from AOCI, Net of Tax
|  | 2020 |  | 2019 |  | 2018 |  |  |  | 2020 |  | 2019 |  | 2018
Derivatives designated as cash flow hedge |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | $ | (5.3) |  |  | $ | (0.7) |  |  | $ | (1.7) |  |  | Net sales |  | $ | (3.4) |  |  | $ | (1.2) |  |  | $ | 0.8 |
Foreign exchange contracts |  | 1.4 |  |  | (2.3) |  |  | 0.1 |  |  | Other income, net |  | 1.4 |  |  | (1.9) |  |  | 0.1 |
Interest rate contracts |  | (7.7) |  |  | 4.6 |  |  | 4.0 |  |  | Interest expense |  | — |  |  | 7.6 |  |  | 2.8 |
Derivatives designated as investment hedge |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | (14.2) |  |  | — |  |  | — |  |  | Other income (expense), net |  | — |  |  | — |  |  | — |
Total |  | $ | (25.8) |  |  | $ | 1.6 |  |  | $ | 2.4 |  |  |  |  | $ | (2.0) |  |  | $ | 4.5 |  |  | $ | 3.7 |
Effect of Derivative Instruments Not Designated As Hedging Instruments | The following table provides the effect derivative instruments not designated as hedging instruments had on net income ($ in millions):
Derivatives Not Designated as Cash Flow Hedging Instruments | Amount of Gain / (Loss) Recognized in Other Income / Expense
| 2020 |  | 2019 |  | 2018
Foreign exchange contracts | $ | 0.1 |  |  | $ | 1.1 |  |  | $ | (2.5) |
Total | $ | 0.1 |  |  | $ | 1.1 |  |  | $ | (2.5) |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=121590274&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=121590274&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=121590274&loc=SL5624171-113959 + Details
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