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Fair Value Measurements and Risk (Tables)
 12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]
At December 31, 2019, the carrying amounts and fair values of Grace’s debt were as follows:
 
December 31, 2019
 
December 31, 2018
(In millions)
Carrying Amount
 
Fair Value
 
Carrying Amount
 
Fair Value
2018 U.S. dollar term loan(1)
$
930.9

 
$
938.1

 
$
938.9

 
$
914.8

5.125% senior notes due 2021(2)
697.3

 
727.1

 
695.8

 
697.5

5.625% senior notes due 2024(2)
297.6

 
329.2

 
297.0

 
301.8

Other borrowings
54.6

 
54.6

 
51.6

 
51.6

Total debt
$
1,980.4

 
$
2,049.0

 
$
1,983.3

 
$
1,965.7


___________________________________________________________________________________________________________________
(1)
Carrying amounts are net of unamortized debt issuance costs and discounts of $7.2 million and $8.7 million as of December 31, 2019 and 2018, respectively.
(2)
Carrying amounts are net of unamortized debt issuance costs of $2.7 million and $2.4 million at December 31, 2019, and $4.2 million and $3.0 million as of December 31, 2018, related to the 5.125% senior notes due 2021 and 5.625% senior notes due 2024, respectively.
Schedule of assets and liabilities measured at fair value on a recurring basis
The following tables present the fair value hierarchy for financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2019 and 2018:
 
Fair Value Measurements at December 31, 2019, Using
(In millions)
Total
 
Quoted Prices in Active Markets for Identical Assets or Liabilities
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
Assets
 
 
 
 
 
 
 
Currency derivatives
$
6.1

 
$
—

 
$
6.1

 
$
—

Variable-to-fixed cross-currency derivatives
3.4

 
—

 
3.4

 
—

Total Assets
$
9.5

 
$
—

 
$
9.5

 
$
—

Liabilities
 
 
 
 
 
 
 
Currency derivatives
$
0.9

 
$
—

 
$
0.9

 
$
—

Interest rate derivatives
3.4

 
—

 
3.4

 
—

Total Liabilities
$
4.3

 
$
—

 
$
4.3

 
$
—

 
Fair Value Measurements at December 31, 2018, Using
(In millions)
Total
 
Quoted Prices in Active Markets for Identical Assets or Liabilities
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
Assets
 
 
 
 
 
 
 
Currency derivatives
$
3.7

 
$
—

 
$
3.7

 
$
—

Total Assets
$
3.7

 
$
—

 
$
3.7

 
$
—

Liabilities
 
 
 
 
 
 
 
Currency derivatives
$
10.5

 
$
—

 
$
10.5

 
$
—

Variable-to-fixed cross-currency derivatives
3.6

 


 
3.6

 


Interest rate derivatives
0.8

 
—

 
0.8

 
—

Total Liabilities
$
14.9

 
$
—

 
$
14.9

 
$
—
Schedule of the location and fair values of derivative instruments included in the Consolidated Balance Sheets
The following tables present the location and fair values of derivative instruments included in the Consolidated Balance Sheets as of December 31, 2019 and 2018:
 
Asset Derivatives
 
Liability Derivatives
December 31, 2019
(In millions)
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
Derivatives designated as hedging instruments under ASC 815:
 
 
 
 
 
 
 
Currency contracts
Other current assets
 
$
2.1

 
Other current assets
 
$
(3.1
)
Currency contracts
Other assets
 
4.0

 
Other liabilities
 
4.0

Interest rate contracts
Other current assets
 
—

 
Other current liabilities
 
1.0

Interest rate contracts
Other assets
 
—

 
Other liabilities
 
2.4

Variable-to-fixed cross-currency swaps
Other current assets
 
10.2

 
Other current liabilities
 
—

Variable-to-fixed cross-currency swaps
Other liabilities
 
(6.8
)
 
Other liabilities
 
—

Derivatives not designated as hedging instruments under ASC 815:

 
 
 

 
 
Currency contracts
Other current assets
 
—

 
Other current assets
 
(0.2
)
Currency contracts
Other current assets
 
—

 
Other current liabilities
 
0.2

Total derivatives
 
 
$
9.5

 
 
 
$
4.3

 
Asset Derivatives
 
Liability Derivatives
December 31, 2018
(In millions)
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
Derivatives designated as hedging instruments under ASC 815:
 
 
 
 
 
 
 
Currency contracts
Other current assets
 
$
2.4

 
Other current assets
 
$
(2.9
)
Currency contracts
Other assets
 
1.3

 
Other liabilities
 
12.9

Interest rate contracts
Other current assets
 
—

 
Other current liabilities
 
0.1

Interest rate contracts
Other assets
 
—

 
Other liabilities
 
0.7

Variable-to-fixed cross-currency swaps
Other current assets
 
—

 
Other current assets
 
(15.4
)
Variable-to-fixed cross-currency swaps
Other assets
 
—

 
Other liabilities
 
19.0

Derivatives not designated as hedging instruments under ASC 815:
 
 
 
 
 
 
 
Currency contracts
Other current assets
 
—

 
Other current assets
 
(0.1
)
Currency contracts
Other current assets
 
—

 
Other current liabilities
 
0.6

Total derivatives
 
 
$
3.7

 
 
 
$
14.9
Schedule of the location and amount of gains and losses on derivative instruments included in the Consolidated Statements of Operations, or initially recognized in other comprehensive income (loss) ("OCI"), when applicable
The following tables present the location and amount of gains and losses on derivative instruments included in the Consolidated Statements of Operations or, when applicable, gains and losses initially recognized in “other comprehensive income (loss)” (“OCI”) for the years ended December 31, 2019, 2018, and 2017:
Year Ended December 31, 2019
(In millions)
Amount of Gain (Loss) Recognized in OCI on Derivatives
 
Location of Gain (Loss) Reclassified from Accumulated OCI into Income
 
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income
Derivatives in ASC 815 cash flow hedging relationships:
 
 
 
 
 
Interest rate contracts
$
(2.9
)
 
Interest expense
 
$
(0.3
)
Currency contracts(1)
2.4

 
Other expense
 
1.4

Variable-to-fixed cross-currency swaps
9.1

 
Interest expense
 
13.2

Variable-to-fixed cross-currency swaps
12.5

 
Other expense
 
12.5

Total derivatives
$
21.1

 
 
 
$
26.8

 
 
 
 
 
 
 
 
Location of Gain (Loss) Recognized in Income on Derivatives
 
Amount of Gain (Loss) Recognized in Income on Derivatives
Derivatives not designated as hedging instruments under ASC 815:
 
 
 
 
Currency contracts
 
Other expense
 
$
(0.4
)
___________________________________________________________________________________________________________________
(1)
Amount of gain (loss) recognized in OCI includes $0.6 million excluded from the assessment of effectiveness for which the difference between changes in fair value and periodic amortization is recorded in OCI.
Year Ended December 31, 2018
(In millions)
Amount of Gain (Loss) Recognized in OCI on Derivatives
 
Location of Gain (Loss) Reclassified from Accumulated OCI into Income
 
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income
Derivatives in ASC 815 cash flow hedging relationships:
 
 
 
 
 
Interest rate contracts
$
0.4

 
Interest expense
 
$
(0.6
)
Currency contracts(1)
6.3

 
Other expense
 
6.3

Variable-to-fixed cross-currency swaps
(0.6
)
 
Interest expense
 
9.7

Variable-to-fixed cross-currency swaps
40.5

 
Other expense
 
40.5

Total derivatives
$
46.6

 
 
 
$
55.9

 
 
 
 
 
 
 
 
Location of Gain (Loss) Recognized in Income on Derivatives
 
Amount of Gain (Loss) Recognized in Income on Derivatives
Derivatives not designated as hedging instruments under ASC 815:
 
 
 
 
Currency contracts
 
Other expense
 
$
(4.0
)
___________________________________________________________________________________________________________________
(1)
Amount of gain (loss) recognized in OCI includes $(0.4) million excluded from the assessment of effectiveness for which the difference between changes in fair value and periodic amortization is recorded in OCI.
Year Ended December 31, 2017
(In millions)
Amount of Gain (Loss) Recognized in OCI on Derivatives
 
Location of Gain (Loss) Reclassified from Accumulated OCI into Income
 
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income
Derivatives in ASC 815 cash flow hedging relationships:
 
 
 
 
 
Interest rate contracts
$
0.9

 
Interest expense
 
$
(2.7
)
Currency contracts(1)
(3.6
)
 
Other expense
 
(2.9
)
Total derivatives
$
(2.7
)
 
 
 
$
(5.6
)
 
 
 
 
 
 
 
 
Location of Gain (Loss) Recognized in Income on Derivatives
 
Amount of Gain (Loss) Recognized in Income on Derivatives
Derivatives not designated as hedging instruments under ASC 815:
 
 
 
 
Currency contracts
 
Other expense
 
$
1.0

___________________________________________________________________________________________________________________
(1)
Amount of gain (loss) recognized in OCI includes $(0.6) million excluded from the assessment of effectiveness for which the difference between changes in fair value and periodic amortization is recorded in OCI.
The following table presents the total amounts of income and expense line items presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are reported.
 
Year Ended December 31,
 
2019
 
2018
 
2017
(In millions)
Interest expense
 
Other income (expense)
 
Interest expense
 
Other income (expense)
 
Interest expense
 
Other income (expense)
Total amounts of income and expense line items in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded
$
(76.7
)
 
$
(80.6
)
 
$
(80.2
)
 
$
18.4

 
$
(79.5
)
 
$
(27.1
)
Gain (loss) on cash flow hedging relationships in ASC 815
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) reclassified from accumulated OCI into income
$
(0.3
)
 
$
—

 
$
(0.6
)
 
$
—

 
$
(2.7
)
 
$
—

Variable-to-fixed cross-currency swaps
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) reclassified from AOCI
13.2

 
12.5

 
9.7

 
40.5

 
—

 
—

Currency contracts
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) reclassified from accumulated OCI into income
—

 
1.4

 
—

 
6.3

 
—

 
(2.9
)
Amount excluded from effectiveness testing recognized in earnings based on amortization approach (included in above)
—

 
2.8

 
—

 
3.0

 
—

 
0.6
Schedule of Net Investment Hedges in ACOI [Table Text Block]
The following table presents the amount of gains and losses on derivative and non-derivative instruments designated as net investment hedges recorded to “currency translation adjustments” within “accumulated other comprehensive income (loss)” for the years ended December 31, 2019, 2018, and 2017. There were no reclassifications of the effective portion of net investment hedges out of OCI and into earnings for the periods presented.
 
Year Ended December 31,
(In millions)
2019
 
2018
 
2017
Derivatives in ASC 815 net investment hedging relationships:
 
 
 
 
 
Cross-currency swap
$
9.1

 
$
6.0

 
$
(21.9
)
Non-derivatives in ASC 815 net investment hedging relationships:
 
 
 
 
 
Foreign currency denominated debt
$
—

 
$
(4.4
)
 
$
(11.2
)
Foreign currency denominated deferred intercompany royalties
0.1

 
0.5

 
(6.5
)
 
$
0.1

 
$
(3.9
)
 
$
(17.7
)