XML 45 R35.htm IDEA: XBRL DOCUMENT v3.22.2.2

Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table summarizes the fair value of our derivative financial instruments as of September 30, 2022 and December 31, 2021:

		Fair Value of Derivative Instruments
		Derivative Assets										Derivative Liabilities
(in millions)		Balance Sheet Location		September 30, 2022				December 31, 2021				Balance Sheet Location		September 30, 2022				December 31, 2021
Derivatives designated as hedging instruments:
Foreign exchange contracts		Other current assets	$		11.7		$		5.6			Other current liabilities	$		—		$		0.1
Derivatives not designated as hedging instruments:
Foreign exchange contracts		Other current assets			0.7				0.7			Other current liabilities			1.5				0.6
Foreign exchange contracts		Other non-current assets			23.2				10.2			Other non-current liabilities			23.2				10.2
Total derivatives			$		35.6		$		16.5				$		24.7		$		10.9

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following tables summarize the pre-tax effect of our derivative financial instruments on the condensed consolidated financial statements for the three and nine months ended September 30, 2022 and 2021:

				The Effect of Derivative Instruments in Cash Flow Hedging Relationships on the Consolidated Financial Statements
				Amount of Gain (Loss) Recognized in AOCI (Effective Portion)								Location of (Gain) Loss Reclassified from AOCI to Income		Amount of (Gain) Loss Reclassified from AOCI to Income (Effective Portion)
				Three Months Ended September 30,										Three Months Ended September 30,
(in millions)				2022				2021						2022				2021
Cash flow hedges:
Foreign exchange contracts			$		5.7		$		3.9			Cost of products sold	$		(4.3	)	$		(0.5	)

				The Effect of Derivative Instruments in Cash Flow Hedging Relationships on the Consolidated Financial Statements
				Amount of Gain (Loss) Recognized in AOCI (Effective Portion)								Location of (Gain) Loss Reclassified from AOCI to Income		Amount of (Gain) Loss Reclassified from AOCI to Income (Effective Portion)
				Nine Months Ended September 30,										Nine Months Ended September 30,
(in millions)				2022				2021						2022				2021
Cash flow hedges:
Foreign exchange contracts			$		14.8		$		7.3			Cost of products sold	$		(10.1	)	$		2.3

		The Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Statements of Operations
		Location of (Gain) Loss Recognized in Income on Derivatives		Amount of (Gain) Loss Recognized in Income								Amount of (Gain) Loss Recognized in Income
				Three months ended September 30,								Nine Months Ended September 30,
(in millions)				2022				2021				2022				2021
Foreign exchange contracts		Other expense, net	$		(2.6	)	$		0.3		$		(6.3	)	$		0.3

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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 https://asc.fasb.org/extlink&oid=125515794&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 https://asc.fasb.org/extlink&oid=125515794&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 https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration