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Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of open foreign currency contracts

September 30, 2021 and December 31, 2020, the Company had the following open foreign currency contracts (in millions):


	September 30, 2021				December 31, 2020
Foreign Currency	Notional Amounts (in U.S. Dollars)		Net Unrealized Gain (Loss)		Notional Amounts (in U.S. Dollars)		Net Unrealized Gain (Loss)
Australian Dollar	$	16.1	$	0.5	$	26.0	$	(0.5)
Canadian Dollar	126.4		(0.1)		169.8		(2.8)
Mexican Peso	53.6		(1.2)		13.5		1.0
Total	$	196.1	$	(0.8)	$	209.3	$	(2.3)

Schedule of open interest rate swap contracts

September 30, 2021 and December 31, 2020, the Company had the following open interest rate swap contracts (in millions):


		September 30, 2021				December 31, 2020
Effective Date	Termination Date	Notional Amounts		Net Unrealized Gain (Loss)		Notional Amounts		Net Unrealized Gain (Loss)
May 2, 2018	May 4, 2021	$	—	$	—	$	25.0	$	(0.2)
September 30, 2019	September 30, 2023	150.0		(7.9)		150.0		(11.3)
March 3, 2020	February 28, 2023	400.0		(4.3)		400.0		(6.6)
Total		$	550.0	$	(12.2)	$	575.0	$	(18.1)

Schedule of carrying values of derivative instruments

The table below summarizes the carrying values of derivative instruments as of September 30, 2021 and December 31, 2020 (in millions):


	Carrying Values of Derivative Instruments as of September 30, 2021
	Fair Value— Assets		Fair Value— (Liabilities)		Derivative Net Carrying Value
Derivatives designated as hedging instruments
Foreign exchange contracts	$	1.2	$	(2.0)	$	(0.8)
Interest rate contracts	—		(12.2)		(12.2)
Total derivatives designated as hedging instruments	$	1.2	$	(14.2)	$	(13.0)


	Carrying Values of Derivative Instruments as of December 31, 2020
	Fair Value— Assets		Fair Value— (Liabilities)		Derivative Net Carrying Value
Derivatives designated as hedging instruments
Foreign exchange contracts	$	1.0	$	(3.3)	$	(2.3)
Interest rate contracts	—		(18.1)		(18.1)
Total derivatives designated as hedging instruments	$	1.0	$	(21.4)	$	(20.4)

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

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+ Details