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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
 3 Months Ended
Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments, Gain (Loss) [Table Text Block]
The table below provides information regarding the location and amount of pretax (gains) losses of derivatives designated in fair value hedging:
Amount of pre-tax gain/(loss) included in other comprehensive incomeAmounts reclassified to the
Statement of Operations		Amount of pre-tax gain/(loss) included in other comprehensive incomeAmounts reclassified to the
Statement of Operations
Three Months Ended September 30,Three Months Ended September 30,Nine Months Ended September 30,Nine Months Ended September 30,
20202019202020192020201920202019
Interest rate swap contracts$— $0.4 $1.6 $— $0.8 $7.2 $1.6 $— 
Cross currency swaps$(23.1)$18.8 $— $— $(12.0)$22.8 $— $— 
Derivative Instruments And Hedging Activities DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
The Company addresses its exposure to market risks, principally the market risk associated with changes in interest rates and foreign currency exchange rates, through a controlled program of risk management that includes, from time to time, the use of derivative financial instruments. The Company does not hold or issue derivative financial instruments for trading purposes. The Company does not believe that its exposure to market risk is material to the Company’s financial position or results of operations.
Interest Rate Swap
On August 17, 2020, the Company redeemed its remaining $412.2 4.625% Senior Notes due November 15, 2020, using available cash on hand. The Company exited the remaining fixed-to-variable interest rate swap arrangement in August 2020, in connection with the redemption of the 4.625% Senior Notes due 2020.
Carrying amount of hedged liabilities as ofCumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Liabilities as of
September 30, 2020December 31, 2019September 30, 2020December 31, 2019
Balance Sheet Line Item in which Hedged Items are Included
Current portion, long term debt$— $301.5 $— $1.5 
Cross Currency Swap
During the fourth quarter of 2018, the Company entered into six U.S. Dollar to Swiss Franc cross-currency swap agreements with an aggregate notional value of $600.0 and which are accounted for as a hedge against the impact of foreign exchange movements on its net investment in a Swiss subsidiary. Of the notional value, $300.0 matures in 2022 and $300.0 matures in 2025. These cross currency swaps maturing in 2022 and 2025 are included in other long-term assets as of September 30, 2020. Changes in the fair value of the cross-currency swaps are recorded as a component of the foreign currency translation adjustment in accumulated other comprehensive income in the Condensed Consolidated Balance Sheet until the hedged item is recognized in earnings. The cumulative amount of the fair value hedging adjustment included in the current value of the cross currency swaps was $(23.1) and $(12.0) for the three and nine months ended September 30, 2020, respectively, and was recognized as currency translation within the Condensed Consolidated Statement of Comprehensive Earnings. There were no amounts reclassified from the Condensed Consolidated Statement of Comprehensive Earnings to the Condensed Consolidated Statement of Operations during the three months or nine months ended September 30, 2020.
The table below presents the fair value of derivatives on a gross basis and the balance sheet classification of those instruments:
September 30, 2020December 31, 2019
Fair Value of DerivativeFair Value of Derivative
 Balance Sheet CaptionAssetLiabilityU.S. Dollar NotionalAssetLiabilityU.S. Dollar Notional
Derivatives Designated as Hedging Instruments
Interest rate swapPrepaid expenses and other/Other liabilities$— $— $— $1.5 $— $300.0 
Cross currency swapsOther assets, net or Other liabilities$— $8.8 $600.0 $3.2 $— $600.0 
The table below provides information regarding the location and amount of pretax (gains) losses of derivatives designated in fair value hedging:
Amount of pre-tax gain/(loss) included in other comprehensive incomeAmounts reclassified to the
Statement of Operations		Amount of pre-tax gain/(loss) included in other comprehensive incomeAmounts reclassified to the
Statement of Operations
Three Months Ended September 30,Three Months Ended September 30,Nine Months Ended September 30,Nine Months Ended September 30,
20202019202020192020201920202019
Interest rate swap contracts$— $0.4 $1.6 $— $0.8 $7.2 $1.6 $— 
Cross currency swaps$(23.1)$18.8 $— $— $(12.0)$22.8 $— $— 
The Company recorded a gain of $1.6 on the extinguishment of the interest rate swap arrangement, which was included in Other, net on the Condensed Consolidated Statement of Operations. No additional gains or losses from derivative instruments have been recognized into income for the three and nine months ended September 30, 2020, and 2019.
Schedule of Derivative Instruments [Table Text Block]
The table below presents the fair value of derivatives on a gross basis and the balance sheet classification of those instruments:
September 30, 2020December 31, 2019
Fair Value of DerivativeFair Value of Derivative
 Balance Sheet CaptionAssetLiabilityU.S. Dollar NotionalAssetLiabilityU.S. Dollar Notional
Derivatives Designated as Hedging Instruments
Interest rate swapPrepaid expenses and other/Other liabilities$— $— $— $1.5 $— $300.0 
Cross currency swapsOther assets, net or Other liabilities$— $8.8 $600.0 $3.2 $— $600.0