XML 69 R60.htm IDEA: XBRL DOCUMENT
v3.22.2

Derivatives - Derivative Instruments Effect on AOCI and Results of Operations (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Unrealized Gain (Loss) Recognized in AOCI on Derivatives, Net of Tax | $ 8.5 | $ (2.4) | $ 30.1 | $ 2.0
Derivatives Designated in Hedging Relationships |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Total gain (loss) | 36.7 | (4.2) | 71.9 | 7.2
Loss Reclassified from AOCI | (0.5) | (1.6) |  |
Derivatives designated as cash flow hedge | Derivatives Designated in Hedging Relationships |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Loss Reclassified from AOCI |  |  | (1.6) | (1.6)
Foreign exchange contracts | Derivatives designated as cash flow hedge | Derivatives Designated in Hedging Relationships |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Unrealized Gain (Loss) Recognized in AOCI on Derivatives, Net of Tax | 0.0 | 0.7 | 0.0 | 0.1
Foreign exchange contracts | Derivatives designated as cash flow hedge | Derivatives Designated in Hedging Relationships | Net sales |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Loss Reclassified from AOCI | 0.0 | (0.4) | 0.0 | (1.0)
Foreign exchange contracts | Derivatives designated as cash flow hedge | Derivatives Designated in Hedging Relationships |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Unrealized Gain (Loss) Recognized in AOCI on Derivatives, Net of Tax | 0.3 | (1.0) | 0.2 | (0.1)
Foreign exchange contracts | Derivatives designated as cash flow hedge | Derivatives Designated in Hedging Relationships | Other income (expense), net |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Loss Reclassified from AOCI | 0.0 | (1.2) | (0.1) | (0.6)
Interest rate contracts | Derivatives designated as cash flow hedge | Derivatives Designated in Hedging Relationships |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Unrealized Gain (Loss) Recognized in AOCI on Derivatives, Net of Tax | 6.4 | (2.1) | 28.1 | 2.0
Interest rate contracts | Derivatives designated as cash flow hedge | Derivatives Designated in Hedging Relationships | Interest expense |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Loss Reclassified from AOCI | (0.5) | 0.0 | (1.5) | 0.0
Foreign exchange contracts | Derivatives designated as net investment hedge | Derivatives Designated in Hedging Relationships |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Unrealized Gain (Loss) Recognized in AOCI on Derivatives, Net of Tax | $ 30.0 | $ (1.8) | $ 43.6 | $ 5.2

X
- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b)(1) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 + Details
Name: | us-gaap_DerivativeGainLossOnDerivativeNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

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

X
- Definition Amount after tax, before reclassification adjustments, of other comprehensive income (loss), attributable to parent. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 55 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=124507222&loc=d3e1436-108581 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580 + Details
Name: | us-gaap_OciBeforeReclassificationsNetOfTaxAttributableToParent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount, after tax and before reclassification, of gain (loss) from derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 10A -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669646-108580 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126968391&loc=d3e637-108580 + Details
Name: | us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount, after tax and before adjustments, of gain (loss) from increase (decrease) in value of excluded component of derivative designated and qualifying as hedge. Adjustments include, but are not limited to, reclassifications for sale and settlement, and amounts recognized under systematic and rational method. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 10A -Subparagraph (dd) -URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669646-108580 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (bb) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 20 -Section 45 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=121577181&loc=SL110061190-113977 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126968391&loc=d3e637-108580 + Details
Name: | us-gaap_OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=matv_ForeignExchangeContractOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=us-gaap_SalesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=matv_ForeignExchangeContractTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=us-gaap_OtherNonoperatingIncomeExpenseMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=us-gaap_InterestExpenseMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NetInvestmentHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |