Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives

The following table summarizes the notional amounts, related rates and remaining terms of active and delayed interest rate swap agreements for HBB at December 31 in millions:

	Notional Amount				Average Fixed Rate				Remaining Term at
	2019		2018		2019		2018		December 31, 2019
Interest rate swaps	$	20.0	$	20.0	1.4	%	1.4	%	Extending to January 2020
Interest rate swaps	$	15.0	$	15.0	1.6	%	1.6	%	Extending to January 2024
Delayed start interest rate swaps	$	10.0	$	10.0	1.7	%	1.7	%	Extending to January 2024

Schedule of the Fair Value of Derivative Instruments Recorded in the Consolidated Balance Sheets

The following table summarizes the fair value of derivative instruments at December 31 as recorded in the Consolidated Balance Sheets:

	Asset Derivatives					Liability Derivatives
	Balance sheet location	2019		2018		Balance sheet location	2019		2018
Interest rate swap agreements
Current	Prepaid expenses and other current assets	$	—	$	349	Other current liabilities	$	21	$	—
Long-term	Other non-current assets	—		710		Other long-term liabilities	61		—
Foreign currency exchange contracts
Current	Prepaid expenses and other current assets	—		231		Other current liabilities	308		87
Total derivatives		$	—	$	1,290		$	390	$	87