XML 47 R37.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2020
Fair Value Disclosures [Abstract]  
Fair Value of Derivative Instruments The table below sets forth the fair value of derivative instruments as of September 30, 2020 (in millions):
Asset Derivatives as of
September 30, 2020
Liability Derivatives as of
September 30, 2020
Balance Sheet LocationFair ValueBalance Sheet LocationFair Value
Derivative instruments designated as hedging instruments:
Foreign currency contractsOther current assets$3.5 Other current liabilities$0.5 
Cross currency swap contractOther noncurrent assets15.2 Other noncurrent liabilities— 
Derivative instruments not designated as hedging instruments:
Foreign currency contractsOther current assets19.9 Other current liabilities11.4 
Total derivative instruments$38.6 $11.9 

    The table below sets forth the fair value of derivative instruments as of December 31, 2019 (in millions):
Asset Derivatives as of
December 31, 2019
Liability Derivatives as of
December 31, 2019
Balance Sheet LocationFair ValueBalance Sheet LocationFair Value
Derivative instruments designated as hedging instruments:
Foreign currency contractsOther current assets$0.6 Other current liabilities$1.9 
Cross currency swap contractOther noncurrent assets27.0 Other noncurrent liabilities— 
Derivative instruments not designated as hedging instruments:
Foreign currency contractsOther current assets11.7 Other current liabilities13.1 
Total derivative instruments$39.3 $15.0 
Assets and liabilities measured at fair value on a recurring basis as of September 30, 2020 and December 31, 2019 are summarized below (in millions):
As of September 30, 2020
Level 1Level 2Level 3Total
Derivative assets$— $38.6 $— $38.6 
Derivative liabilities— 11.9 — 11.9 
As of December 31, 2019
Level 1Level 2Level 3Total
Derivative assets$— $39.3 $— $39.3 
Derivative liabilities— 15.0 — 15.0