Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Company's Derivative Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes the Company’s and its Affiliates’ derivative financial instruments measured at fair value on a recurring basis:

	December 31, 2020				March 31, 2021
	Assets		Liabilities		Assets		Liabilities
Forward foreign currency contracts	$	3.5	$	(2.3)	$	1.9	$	(0.6)
Interest rate swap	—		(1.9)		—			(1.4)
Total	$	3.5	$	(4.2)	$	1.9	$	(2.0)

Schedule of Effect of Derivative Financial Instruments on the Consolidated Statements of Comprehensive Income and Statements of Income

The following table summarizes the effects of derivative financial instruments on the Consolidated Statements of Comprehensive Income and the Consolidated Statements of Income:

	For the Three Months Ended March 31,
	2020						2021
	Gain (Loss) Recognized in Other Comprehensive Income (Loss)		Gain Reclassified from Accumulated Other Comprehensive Loss into Earnings		Gain Recognized in Earnings from Excluded Components(1)		Gain Recognized in Other Comprehensive Income		Gain Reclassified from Accumulated Other Comprehensive Loss into Earnings		Gain (Loss) Recognized in Earnings from Excluded Components
Forward foreign currency contracts	$	65.0	$	0.1	$	2.8	$	0.1	$	0.5	$	—
Put options	(47.7)			—	—		—			—	—
Call options	(1.3)			—	—		—			—	—
Interest rate swap	(0.8)			—	—		0.5			—	—
Total	$	15.2	$	0.1	$	2.8	$	0.6	$	0.5	$	—

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(1)The excluded components of the forward foreign currency contracts were recognized in earnings on a straight-line basis over the respective period of the contracts as a reduction to Interest expense.