Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2022

Derivatives, Fair Value [Line Items]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The fair values of derivative instruments included within the Condensed Consolidated Balance Sheets were as follows:

	Derivative assets				Derivative liabilities
In millions	March 31, 2022		December 31, 2021		March 31, 2022		December 31, 2021
Derivatives designated as hedges:
Currency derivatives	$	—	$	0.1	$	3.9	$	2.7
Commodity derivatives	17.6		4.9		—		0.2
Derivatives not designated as hedges:
Currency derivatives	16.3		10.5		22.1		14.0
Total derivatives	$	33.9	$	15.5	$	26.0	$	16.9

Asset and liability derivatives included in the table above are recorded within Other current assets and Accrued expenses and other current liabilities, respectively.

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

The Company had the following outstanding contracts to hedge forecasted commodity purchases:

	Volume outstanding as of
Commodity	March 31, 2022	December 31, 2021
Aluminum	21,303 metric tons	16,488 metric tons
Copper	6,824,000 pounds	4,035,000 pounds

Schedule Of Derivatives Designated As Hedges Affecting Condensed Consolidated Income Statement And Accumulated Other Comprehensive Income [Text Block]

The following table represents the amounts associated with derivatives designated as hedges affecting Net earnings and AOCI for the three months ended March 31:

	Amount of gain (loss) recognized in AOCI				Location of gain (loss) reclassified from AOCI and recognized into Net earnings	Amount of gain (loss) reclassified from AOCI and recognized into Net earnings
In millions	2022		2021			2022		2021
Currency derivatives designated as hedges (1)	$	(3.0)	$	(4.6)	Cost of goods sold	$	(1.1)	$	(1.1)
Commodity derivatives designated as hedges	15.5		—		Cost of goods sold	1.5		—
Interest rate swaps & locks	—		—		Interest expense	0.2		0.2
Total	$	12.5	$	(4.6)		$	0.6	$	(0.9)

(1) Amounts excluded from effectiveness testing and recognized into Cost of goods sold based on changes in fair value and amortization was a loss of $0.8 million for the three months ended March 31, 2021.

Schedule of Gains and Losses of Derivative Financial Instruments Not Designated as Hedges [Table Text Block]

The following table represents the amounts associated with derivatives not designated as hedges affecting Net earnings for the three months ended March 31:

	Location of gain (loss) recognized in Net earnings	Amount of gain (loss) recognized in Net earnings
In millions		2022		2021
Currency derivatives	Other income (expense), net	$	(7.4)	$	(2.5)
Total		$	(7.4)	$	(2.5)