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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
9 Months Ended
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments The following table presents the fair value of derivative instruments at September 30, 2022:
AssetLiability
Balance Sheet
Classification
Fair
Value
Balance Sheet
Classification
Fair
Value
Derivatives designated as hedges:
Foreign exchange forward contractsPrepaid expenses and other$2.4 Accounts payable$1.2 
Derivatives not designated as hedges:
Foreign exchange forward contractsPrepaid expenses and other$4.8 Accounts payable$6.9 
Total derivatives$7.2 $8.1 

Derivatives are recognized in the Consolidated Balance Sheets at their fair values. The following table presents the fair value of derivative instruments at December 31, 2021:
AssetLiability
Balance Sheet
Classification
Fair
Value
Balance Sheet
Classification
Fair
Value
Derivatives not designated as hedges:
Foreign exchange forward contractsPrepaid expenses and other$— Accounts payable$2.7 
Total derivatives$— $2.7