Derivatives (Tables)

9 Months Ended

Sep. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

The following table summarizes the reclassification of derivative gains and losses into net income from accumulated other comprehensive income (loss) for those derivative instruments designated as cash flow hedges under ASC 815 - Derivatives and Hedging:

	Location	Gain (Loss) Reclassified During											Total of Financial			Gain (Loss) Expected
	of Gain (Loss)	Three Months Ended						Nine Months Ended					Statement			to be Reclassified
	Reclassified into	September 30,						September 30,					Line Item			During the
	Net Income	2019			2018			2019		2018			2019			Next 12 Months
		(in millions)
Currency forward contracts	Cost of Goods Sold	$	0.9		$	(0.9	)	$	1.8	$	(3.7	)	$	4,381.7		$	2.0
Fixed-to-fixed cross-currency swap	Other Income (Expense), net	7.6			—			7.6		—			(9.0		)	—
Variable-to-fixed interest rate swap	Interest Expense	(1.7		)	0.8			0.2		2.1			(163.9		)	(9.1		)

 

See Note 14 - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (AOCI) for amounts recognized in other comprehensive income (loss) during the three and nine months ended September 30, 2019 and 2018.

The following table summarizes the amount and location of gains and losses recognized in the Condensed Consolidated Statements of Operations for those derivative instruments not designated as hedging instruments under ASC 815:

		Gain (Loss) Recognized During											Total of Financial
	Location of Gain (Loss)	Three Months Ended						Nine Months Ended					Statement Line
	Recognized in	September 30,						September 30,					Item
	Net Income	2019			2018			2019			2018		2019
		(in millions)
Currency forward contracts	Cost of Goods Sold	$	(0.5	)	$	2.3		$	1.3		$	2.8	$	4,381.7
Currency forward contracts	Other Income (Expense), net	0.1			(0.5		)	(0.5		)	1.3		(9.0		)