Derivatives (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Amounts related to cash flow hedges

We recorded the following amounts in AOCL related to our cash flow hedges (in millions):

	As of March 31, 2020		As of December 31, 2019
Unrealized losses on unsettled contracts	$	13.7	$	0.2
Income tax benefit	(4.1)		(0.2)
Losses (gains) included in AOCL, net of tax (1)	$	9.6	$	—

(1) Assuming commodity and foreign currency prices remain constant, we expect to reclassify $7.7 million of derivative losses into earnings within the next 12 months.