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Derivatives and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments
The following table details the fair value of our derivative instruments included on our Condensed Consolidated Balance Sheets.
 Cash Flow HedgeNet Investment HedgeNon-Designated as Hedging InstrumentsTotal
(In millions)March 31, 2023December 31, 2022March 31,
2023		December 31, 2022March 31, 2023December 31, 2022March 31, 2023December 31, 2022
Derivative Assets        
Foreign currency forward contracts and options$0.9 $2.1 $— $— $3.2 $5.8 $4.1 $7.9 
Total Derivative Assets$0.9 $2.1 $— $— $3.2 $5.8 $4.1 $7.9 
Derivative Liabilities        
Foreign currency forward contracts
$(1.4)$(0.8)$— $— $(1.9)$(2.4)$(3.3)$(3.2)
Cross-currency swaps— — (0.9)— — — (0.9)— 
Total Derivative Liabilities(1)
$(1.4)$(0.8)$(0.9)$— $(1.9)$(2.4)$(4.2)$(3.2)
Net Derivatives(2)
$(0.5)$1.3 $(0.9)$— $1.3 $3.4 $(0.1)$4.7 
(1)Excludes €400.0 million of euro-denominated debt that was repaid in February 2023 ($426.0 million equivalent at December 31, 2022), which was designated as a net investment hedge. See Note 13, "Debt and Credit Facilities," for additional details.
(2)The following table reconciles gross positions without the impact of master netting agreements to the balance sheet classification:
 Other Current AssetsOther Current LiabilitiesOther Non-current Liabilities
(In millions)March 31, 2023December 31, 2022March 31, 2023December 31, 2022March 31, 2023December 31, 2022
Gross position$4.1 $7.9 $(3.3)$(3.2)$(0.9)$— 
Impact of master netting agreements
(2.2)(1.1)2.2 1.1 — — 
Net amounts recognized on the Condensed Consolidated Balance Sheets$1.9 $6.8 $(1.1)$(2.1)$(0.9)$— 
Offsetting Assets The following table reconciles gross positions without the impact of master netting agreements to the balance sheet classification:
 Other Current AssetsOther Current LiabilitiesOther Non-current Liabilities
(In millions)March 31, 2023December 31, 2022March 31, 2023December 31, 2022March 31, 2023December 31, 2022
Gross position$4.1 $7.9 $(3.3)$(3.2)$(0.9)$— 
Impact of master netting agreements
(2.2)(1.1)2.2 1.1 — — 
Net amounts recognized on the Condensed Consolidated Balance Sheets$1.9 $6.8 $(1.1)$(2.1)$(0.9)$— 
Offsetting Liabilities The following table reconciles gross positions without the impact of master netting agreements to the balance sheet classification:
 Other Current AssetsOther Current LiabilitiesOther Non-current Liabilities
(In millions)March 31, 2023December 31, 2022March 31, 2023December 31, 2022March 31, 2023December 31, 2022
Gross position$4.1 $7.9 $(3.3)$(3.2)$(0.9)$— 
Impact of master netting agreements
(2.2)(1.1)2.2 1.1 — — 
Net amounts recognized on the Condensed Consolidated Balance Sheets$1.9 $6.8 $(1.1)$(2.1)$(0.9)$— 
Effect of Derivative Instruments on Condensed Consolidated Statements of Operations The following table details the effect of our derivative instruments on our Condensed Consolidated Statements of Operations.
Amount of Gain (Loss) Recognized in
Earnings on Derivatives
Location of Gain (Loss) Recognized onThree Months Ended
March 31,
(In millions)Condensed Consolidated Statements of Operations20232022
Derivatives designated as hedging instruments:
  
Cash Flow Hedges:  
Foreign currency forward contractsCost of sales$1.1 $1.9 
Treasury locksInterest expense, net— 0.1 
Sub-total cash flow hedges1.1 2.0 
Derivatives not designated as hedging instruments:
  
Foreign currency forward contractsOther expense, net3.3 (0.1)
Total$4.4 $1.9