Financial Instruments and Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Derivative [Line Items]

Schedule of Interest Rate Derivatives [Table Text Block]

Notional Amount				Average Fixed Rate
September 30		December 31		September 30		December 31
2020		2019		2020		2019		Term at September 30, 2020
$	56.5	$	56.5	1.94	%	1.94	%	Extending to November 2022
$	67.9	$	74.6	2.20	%	2.20	%	Extending to May 2023

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table summarizes the fair value of derivative instruments reflected on a gross basis by contract as recorded in the unaudited condensed consolidated balance sheets:

	Asset Derivatives					Liability Derivatives
	Balance Sheet Location	SEPTEMBER 30 2020		DECEMBER 31 2019		Balance Sheet Location	SEPTEMBER 30 2020		DECEMBER 31 2019
Derivatives designated as hedging instruments
Cash Flow Hedges
Interest rate swap agreements
Current	Other current liabilities	$	—	$	—	Other current liabilities	$	2.5	$	0.7
Long-term	Other long-term liabilities	—		—		Other long-term liabilities	3.0		1.4
Foreign currency exchange contracts
Current	Prepaid expenses and other	3.7		3.1		Prepaid expenses and other	1.5		1.5
	Other current liabilities	3.4		1.7		Other current liabilities	8.7		17.1
Long-term	Other non-current assets	4.7		—		Other non-current assets	1.7		—
	Other long-term liabilities	—		3.5		Other long-term liabilities	1.8		9.6
Total derivatives designated as hedging instruments		$	11.8	$	8.3		$	19.2	$	30.3
Derivatives not designated as hedging instruments
Cash Flow Hedges
Foreign currency exchange contracts
Current	Prepaid expenses and other	1.5		0.4		Prepaid expenses and other	1.9		0.2
	Other current liabilities	0.4		2.3		Other current liabilities	1.4		2.4
Total derivatives not designated as hedging instruments		$	1.9	$	2.7		$	3.3	$	2.6
Total derivatives		$	13.7	$	11.0		$	22.5	$	32.9

Schedule of Derivative Instruments in the Statement of Financial Position by Counterparty [Table Text Block]

The following table summarizes the offsetting of the fair value of derivative instruments on a gross basis by counterparty as recorded in the unaudited condensed consolidated balance sheets:

	Derivative Assets as of September 30, 2020								Derivative Liabilities as of September 30, 2020
	Gross Amounts of Recognized Assets		Gross Amounts Offset		Net Amounts Presented		Net Amount		Gross Amounts of Recognized Liabilities		Gross Amounts Offset		Net Amounts Presented		Net Amount
Cash Flow Hedges
Interest rate swap agreements	$	—	$	—	$	—	$	—	$	5.5	$	—	$	5.5	$	5.5
Foreign currency exchange contracts	4.8		(4.8)		—		—		8.1		(4.8)		3.3		3.3
Total derivatives	$	4.8	$	(4.8)	$	—	$	—	$	13.6	$	(4.8)	$	8.8	$	8.8
	Derivative Assets as of December 31, 2019								Derivative Liabilities as of December 31, 2019
	Gross Amounts of Recognized Assets		Gross Amounts Offset		Net Amounts Presented		Net Amount		Gross Amounts of Recognized Liabilities		Gross Amounts Offset		Net Amounts Presented		Net Amount
Cash Flow Hedges
Interest rate swap agreements	$	—	$	—	$	—	$	—	$	2.1	$	—	$	2.1	$	2.1
Foreign currency exchange contracts	1.8		(1.8)		—		—		21.6		(1.8)		19.8		19.8
Total derivatives	$	1.8	$	(1.8)	$	—	$	—	$	23.7	$	(1.8)	$	21.9	$	21.9

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

	Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)								Location of Gain or (Loss) Reclassified from OCI into Income (Effective Portion)	Amount of Gain or (Loss) Reclassified from OCI into Income (Effective Portion)
	THREE MONTHS ENDED				NINE MONTHS ENDED					THREE MONTHS ENDED				NINE MONTHS ENDED
	SEPTEMBER 30									SEPTEMBER 30
Derivatives Designated as Hedging Instruments	2020		2019		2020		2019			2020		2019		2020		2019
Cash Flow Hedges
Interest rate swap agreements	$	1.2	$	(0.7)	$	(2.2)	$	(4.7)	Interest expense	$	0.7	$	—	$	1.3	$	(0.3)
Foreign currency exchange contracts	20.1		(19.7)		4.2		(29.6)		Cost of sales	(3.5)		(2.3)		(15.4)		(6.7)
Total	$	21.3	$	(20.4)	$	2.0	$	(34.3)		$	(2.8)	$	(2.3)	$	(14.1)	$	(7.0)
Derivatives Not Designated as Hedging Instruments									Location of Gain or (Loss) Recognized in Income on Derivative	2020		2019		2020		2019
Cash Flow Hedges
Foreign currency exchange contracts									Cost of sales	$	(5.6)	$	(1.9)	$	(4.3)	$	(4.3)
Total										$	(5.6)	$	(1.9)	$	(4.3)	$	(4.3)