Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule Of Notional Amounts Of Forward Contracts

The Company has commodity forward contracts to hedge forecasted purchases of commodities with maturities extending through February 2025. The notional amounts expressed in terms of the dollar value of the hedged item were as follows:

	December 31, 2023		December 31, 2022
Copper	$	37.5	$	89.4
Aluminum	1.4		4.0

The Company has currency forward contracts with maturities extending through February 2025. The notional amounts expressed in terms of the dollar value of the hedged currency were as follows:

	December 31, 2023		December 31, 2022
Mexican Peso	$	101.4	$	215.2
Chinese Renminbi	302.3		173.8
Indian Rupee	30.1		33.1
Euro	465.8		159.6
British Pound	7.1		2.1

Schedule Of Fair Values Of Derivative Instruments

Fair values of derivative instruments as of December 31, 2023 and December 31, 2022 were:

	December 31, 2023
	Prepaid Expenses and Other Current Assets		Other Noncurrent Assets		Other Accrued Expenses
Designated as Hedging Instruments:
Interest Rate Swap Contracts	$	—	$	5.3	$	—
Currency Contracts	13.1		0.2		1.0
Commodity Contracts	1.0		0.1		0.6
Not Designated as Hedging Instruments:
Currency Contracts	1.3		—		5.9
Total Derivatives	$	15.4	$	5.6	$	7.5

	December 31, 2022
	Prepaid Expenses and Other Current Assets		Other Noncurrent Assets		Other Accrued Expenses
Designated as Hedging Instruments:
Interest Rate Swap Contracts	$	—	$	7.9	$	—
Currency Contracts	12.3		0.9		4.8
Commodity Contracts	0.9		0.3		10.2
Not Designated as Hedging Instruments:
Currency Contracts	0.7		—		—
Commodity Contracts	—		—		0.4
Total Derivatives	$	13.9	$	9.1	$	15.4

Schedule Of Cash Flow Hedging Instruments

The effect of derivative instruments designated as cash flow hedges on the Consolidated Statements of Income (Loss) and Consolidated Statements of Comprehensive Income (Loss) for fiscal years 2023, 2022 and 2021 were:

	2023
					Interest
	Commodity		Currency		Rate
	Forwards		Forwards		Swaps		Total
Gain (Loss) Recognized in Other Comprehensive Loss	$	(0.5)	$	31.2	$	(2.5)	$	28.2
Amounts Reclassified from Other Comprehensive Income (Loss):
(Loss) Gain Recognized in Cost of Sales	(13.6)		20.8		—		7.2
Gain Recognized in Interest Expense	—		—		5.9		5.9

	2022
					Interest
	Commodity		Currency		Rate
	Forwards		Forwards		Swaps		Total
(Loss) Gain Recognized in Other Comprehensive Loss	$	(23.5)	$	11.4	$	18.2	$	6.1
Amounts Reclassified from Other Comprehensive Income (Loss):
Gain Recognized in Net Sales	—		0.1		—		0.1
Gain Recognized in Cost of Sales	3.5		6.1		—		9.6
Gain Recognized in Interest Expense	—		—		1.3		1.3

	2021
					Interest
	Commodity		Currency		Rate
	Forwards		Forwards		Swaps		Total
Gain Recognized in Other Comprehensive Income	$	29.9	$	11.4	$	7.0	$	48.3
Amounts Reclassified from Other Comprehensive Income (Loss):
Gain Recognized in Net Sales	—		0.3		—		0.3
Gain Recognized in Cost of Sales	32.6		16.9		—		49.5
Gain Recognized in Operating Expense	—		2.2		—		2.2
Loss Recognized in Interest Expense	—		—		(0.4)		(0.4)

Schedule of Derivatives Not Designated as Cash Flow Hedging Instruments

The effect of derivative instruments not designated as cash flow hedges on the Consolidated Statements of Income (Loss) for fiscal years 2023, 2022 and 2021 were:

	2023
	Commodity Forwards		Currency Forwards		Total
Gain Recognized in Cost of Sales	$	0.3	$	—	$	0.3
Loss Recognized in Operating Expenses	—		(17.8)		(17.8)

	2022
	Commodity Forwards		Currency Forwards		Total
Loss Recognized in Cost of Sales	$	(0.6)	$	—	$	(0.6)
Gain Recognized in Operating Expenses	—		10.2		10.2

	2021
	Commodity Forwards		Currency Forwards		Total
Gain Recognized in Cost of Sales	$	0.2	$	—	$	0.2
Gain Recognized in Operating Expenses	—		7.2		7.2

Schedule of Derivatives Offsetting Disclosures

The following table presents on a net basis the derivative assets and liabilities that are subject to right of offset under enforceable master netting agreements:

	December 31, 2023
	Gross Amounts as Presented in the Consolidated Balance Sheet		Derivative Contract Amounts Subject to Right of Offset		Derivative Contracts as Presented on a Net Basis
Prepaid Expenses and Other Current Assets:
Derivative Currency Contracts	$	14.4	$	(2.2)	$	12.2
Derivative Commodity Contracts	1.0		(0.4)		0.6
Other Noncurrent Assets:
Derivative Currency Contracts	0.2		—		0.2
Derivative Commodity Contracts	0.1		—		0.1
Other Accrued Expenses:
Derivative Currency Contracts	6.9		(2.2)		4.7
Derivative Commodity Contracts	0.6		(0.4)		0.2

	December 31, 2022
	Gross Amounts as Presented in the Consolidated Balance Sheet		Derivative Contract Amounts Subject to Right of Offset		Derivative Contracts as Presented on a Net Basis
Prepaid Expenses and Other Current Assets:
Derivative Currency Contracts	$	13.0	$	(2.5)	$	10.5
Derivative Commodity Contracts	0.9		(0.9)		—
Other Noncurrent Assets:
Derivative Currency Contracts	0.9		—		0.9
Derivative Commodity Contracts	0.3		—		0.3
Other Accrued Expenses:
Derivative Currency Contracts	4.8		(2.5)		2.3
Derivative Commodity Contracts	10.6		(0.9)		9.7