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Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 29, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative instruments in statement of financial position, fair value
The balance sheet location and gross fair value of our outstanding derivative instruments was as follows (in millions):
 
Asset Derivatives
 
Balance Sheet Location
 
Fair Value
 
 
 
September 29,
2018
 
December 31,
2017
Designated derivatives:
 
 
 
 
 
Foreign currency forward contracts
Prepaid expenses and other current assets
 
$
1.0

 
$
4.1

Non-designated derivatives:
 
 
 
 
 
Foreign currency forward contracts
Prepaid expenses and other current assets
 
$
2.3

 
$
2.2

 
Liability Derivatives
 
Balance Sheet Location
 
Fair Value
 
 
 
September 29,
2018
 
December 31,
2017
Designated derivatives:
 
 
 
 
 
Foreign currency forward contracts
Accrued liabilities
 
$
5.2

 
$
1.4

Non-designated derivatives:
 
 
 
 
 
Foreign currency forward contracts
Accrued liabilities
 
$
1.4

 
$
2.4
Amount of Gain/(Loss) Recorded in OCI (Effective Portion)
The gain (loss) recorded in OCI for the effective portion of our designated cash flow hedges was as follows:
 
 
Amount of Gain/(Loss) Recorded in OCI
(Effective Portion)
 
 
Three Months Ended
 
Nine Months Ended
Designated Cash Flow Hedges
 
September 29,
2018
 
September 30,
2017
 
September 29,
2018
 
September 30,
2017
Foreign currency forward contracts
 
$
—

 
$
1.1

 
$
(4.2
)
 
$
6.3
Amount of Gain/(Loss) Reclassified from AOCI into Earnings (Effective Portion)
The gain (loss) reclassified from Accumulated other comprehensive income ("AOCI") into earnings for the effective portion of our designated cash flow hedges was as follows (in millions):
 
 
 
 
Amount of Gain/(Loss) Reclassified from AOCI into Earnings (Effective Portion)
 
 
 
 
Three Months Ended
 
Nine Months Ended
Designated Cash Flow Hedges
 
Income Statement Location
 
September 29,
2018
 
September 30,
2017
 
September 29,
2018
 
September 30,
2017
Interest rate swap agreements
 
Interest expense, net
 
$
(0.4
)
 
$
(0.4
)
 
$
(1.3
)
 
$
(1.7
)
 
 
Other (income) expense, net
 
—

 
—

 
—

 
(5.9
)
Foreign currency forward contracts
 
Net sales
 
0.4

 
—

 
0.4

 
0.9

 
 
Cost of sales
 
(0.3
)
 
1.8

 
3.5

 
3.5

 
 
Interest expense, net
 
(1.1
)
 
(0.7
)
 
(3.1
)
 
(1.8
)
 
 
Other (income) expense, net
 
2.5

 
(1.2
)
 
2.0

 
(1.7
)
Total
 
 
 
$
1.1

 
$
(0.5
)
 
$
1.5

 
$
(6.7
)
Amount of Gain/(Loss) Recognized in Earnings (Ineffective Portion)
The gain (loss) recognized in earnings for the ineffective portion of our designated cash flow hedges was as follows (in millions):
 
 
 
Amount of Gain/(Loss) Recognized in Earnings
(Ineffective Portion)
 
 
 
Three Months Ended
Nine Months Ended
Designated Cash Flow Hedges
 
Income Statement
Location
 
September 30,
2017
 
September 30,
2017
Foreign currency forward contracts
 
Net sales
 
0.2

 
0.1

 
 
Cost of sales
 
0.1

 
0.1

Foreign currency forward contracts
 
Other (income) expense, net
 
—

 
1.0

Total
 
 
 
$
0.3

 
$
1.2
Amount of Gain/(Loss) Recognized against Earnings
The effects of our non-designated derivatives on the Condensed Consolidated Statements of Operations were as follows (in millions):
 
 
 
 
Amount of Gain/(Loss) Recognized against Earnings
 
 
 
 
Three Months Ended
 
Nine Months Ended
Non-Designated Derivatives
 
Income Statement Location
 
September 29,
2018
 
September 30,
2017
 
September 29,
2018
 
September 30,
2017
Foreign currency forward contracts
 
Other (income) expense, net
 
$
(2.0
)
 
$
10.1

 
$
6.6

 
$
(3.8
)
 
 
Interest expense, net
 
(0.2
)
 
(1.8
)
 
(0.9
)
 
(2.9
)
Total
 
 
 
$
(2.2
)
 
$
8.3

 
$
5.7

 
$
(6.7
)