Derivatives (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivative instruments on our Condensed Consolidated Balance Sheets

The fair value of derivative instruments on our Consolidated Balance Sheets as of March 31, 2020 and December 31, 2019 was as follows:

	Derivative Assets					Derivative Liabilities
	Balance Sheet Location	March 31, 2020		December 31, 2019		Balance Sheet Location	March 31, 2020		December 31, 2019
Derivatives designated as hedging instruments:
Foreign currency option contracts	Other Current Assets	$	0.4	$	—	Other Current Liabilities	$	—	$	—
Foreign currency option contracts	Other Assets	—		—		Other Liabilities	—		—
Foreign currency forward contracts	Other Current Assets	2.6		2.5		Other Current Liabilities	—		—
Foreign currency forward contracts	Other Assets	—		—		Other Liabilities	5.8		12.6
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Other Current Assets	2.4		0.6		Other Current Liabilities	0.1		0.3
Foreign currency forward contracts	Other Assets	$	—	$	—	Other Liabilities	$	—	$	—

Derivative Instruments, Gain (Loss) [Table Text Block]

The following tables include the amounts in the Consolidated Statements of Earnings in which the effects of cash flow hedges are recorded and the effects of cash flow hedge activity on these line items for the three months ended March 31, 2020 and March 31, 2019:

	Three Months Ended
	March 31
	2020					2019
	Total			Amount of Gain on Cash Flow Hedge Activity		Total		Amount of Gain on Cash Flow Hedge Activity
Net Sales	$	252.1		$	—	$	262.5	$	—
Interest Income	0.9			0.7		0.8		0.7
Net Foreign Currency Transaction (Loss) Gain	(4.1		)	2.7		0.2		3.1

The effect of foreign currency derivative instruments designated as hedges and of foreign currency derivative instruments not designated as hedges in our Consolidated Statements of Earnings for the three months ended March 31, 2020 was as follows:

	Three Months Ended
	March 31, 2020
	Foreign Currency Option Contracts		Foreign Currency Forward Contracts
Derivatives in cash flow hedging relationships:
Net gain recognized in Other Comprehensive (Loss) Income, net of tax(a)	$	0.3	$	6.0
Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax, effective portion to Interest Income	—		0.5
Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax, effective portion to Net Foreign Currency Transaction (Loss) Gain	—		2.1
Derivatives not designated as hedging instruments:
Net gain recognized in earnings(b)	$	—	$	2.2

The effect of foreign currency derivative instruments designated as hedges and of foreign currency derivative instruments not designated as hedges in our Consolidated Statements of Earnings for the three months ended March 31, 2019 was as follows:

	Three Months Ended
	March 31, 2019
	Foreign Currency Option Contracts			Foreign Currency Forward Contracts
Derivatives in cash flow hedging relationships:
Net (loss) gain recognized in Other Comprehensive (Loss) Income, net of tax(a)	$	(0.1	)	$	4.1
Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax, effective portion to Interest Income	—			0.5
Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax, effective portion to Net Foreign Currency Transaction (Loss) Gain	—			2.4
Derivatives not designated as hedging instruments:
Net (loss) gain recognized in earnings(b)	$	—		$	(0.2	)

^(a)  Net change in the fair value of the effective portion classified in Other Comprehensive (Loss) Income.

^(b) 

Classified in Net Foreign Currency Transaction (Loss) Gain