Derivatives (Tables)

3 Months Ended

Mar. 31, 2021

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, 2021		As of December 31, 2020
Unrealized gains on unsettled contracts	$	(15.7)	$	(10.5)
Income tax expense	3.4		2.3
Gains included in AOCL, net of tax (1)	$	(12.3)	$	(8.2)

(1) Assuming commodity prices and foreign currency exchange rates remain constant, we expect to reclassify $11.5 million of derivative gains into earnings within the next 12 months.