XML 66 R55.htm IDEA: XBRL DOCUMENT v3.23.3
Derivative Financial Instruments - Effects of Derivative Instruments on OCI and Earnings (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]        
Total $ (2.0) $ 2.2 $ (1.7) $ 4.4
Fair Value Hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized in earnings, pre-tax, for forward point 0.2 1.1 1.6 2.8
Fair value and net investment hedges, amount of gain (loss) recognized in OCI (0.3) (0.4) (2.3) 0.3
Fair value and net investment hedges, amount of (gain) loss reclassified from accumulated OCI into income 2.3 0.5 4.2 (0.7)
Cash Flow Hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Cash flow hedges, amount of gain (loss) recognized in OCI (2.0) (0.8) (6.5) (3.8)
Cash flow hedges, amount of (gain) loss reclassified from accumulated OCI into income 1.2 0.6 2.8 1.6
Cash Flow Hedges: | Forward treasury locks        
Derivative Instruments, Gain (Loss) [Line Items]        
Cash flow hedges, amount of gain (loss) recognized in OCI 0.0 0.0 0.0 0.0
Cash flow hedges, amount of (gain) loss reclassified from accumulated OCI into income 0.0 0.1 0.1 0.2
Net Investment Hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Fair value and net investment hedges, amount of gain (loss) recognized in OCI 2.9 4.3 10.1 13.2
Fair value and net investment hedges, amount of (gain) loss reclassified from accumulated OCI into income 0.0 0.0 0.0 0.0
Other expense (income)        
Derivative Instruments, Gain (Loss) [Line Items]        
Hedged item (intercompany loan) (1.2) (14.1) 8.7 (35.4)
Derivative designated as hedging instrument 0.7 14.1 (10.0) 35.4
Amount excluded from effectiveness testing (1.5) 2.2 (0.4) 4.4
Other expense (income) | Fair Value Hedges: | Foreign currency hedge contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Fair value and net investment hedges, amount of gain (loss) recognized in OCI (0.3) (0.4) (2.3) 0.3
Fair value and net investment hedges, amount of (gain) loss reclassified from accumulated OCI into income 2.3 0.5 4.2 (0.7)
Other expense (income) | Net Investment Hedges: | Cross-currency swap        
Derivative Instruments, Gain (Loss) [Line Items]        
Fair value and net investment hedges, amount of gain (loss) recognized in OCI 2.9 4.3 10.1 13.2
Fair value and net investment hedges, amount of (gain) loss reclassified from accumulated OCI into income 0.0   0.0 0.0
Net sales        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (loss) on derivative instruments, net, pretax 0.1 (0.5) 1.2 (1.1)
Net sales | Cash Flow Hedges: | Foreign currency hedge contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Cash flow hedges, amount of gain (loss) recognized in OCI 0.5 0.7 (0.4) 1.1
Cash flow hedges, amount of (gain) loss reclassified from accumulated OCI into income 0.1 (0.5) 1.2 (1.1)
Cost of goods and services sold        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (loss) on derivative instruments, net, pretax 1.1 1.0 1.5 2.5
Cost of goods and services sold | Cash Flow Hedges: | Foreign currency hedge contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Cash flow hedges, amount of gain (loss) recognized in OCI (2.5) (1.5) (6.1) (4.9)
Cash flow hedges, amount of (gain) loss reclassified from accumulated OCI into income 1.1 1.0 1.5 2.5
Interest expense        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (loss) on derivative instruments, net, pretax $ 0.0 $ 0.1 $ 0.1 $ 0.2