On August 15, 2019, we entered into a cross-currency swap designated as a net investment hedge to hedge the EUR currency exposure of our net investment in European operations. This agreement is a contract to exchange floating-rate Euro payments for floating-rate U.S. dollar payments through August 15, 2022. The payments are based on a notional basis of €450.0 million ($498.0 million) and settle quarterly.


	Notional Amount
	July 3, 2021		December 31, 2020
European Euro (EUR)	$	209.3	$	312.6
British Pound (GBP)	104.4		92.3
Israeli Shekel (ILS)	71.6		94.4
Danish Krone (DKK)	44.7		65.2
Swedish Krona (SEK)	42.2		41.2
Chinese Yuan (CNY)	41.5		49.1
United States Dollar (USD)	26.3		101.5
Canadian Dollar (CAD)	23.3		36.8
Polish Zloty (PLZ)	22.2		21.8
Norwegian Krone (NOK)	10.5		7.8
Romanian New Leu (RON)	5.7		3.6
Switzerland Franc (CHF)	5.1		8.2
Australian Dollar (AUD)	5.0		11.3
Turkish Lira (TRY)	4.3		4.0
Mexican Peso (MPX)	1.0		15.6
Other	2.6		2.3


Total	$	619.7	$	867.7

The below tables indicate the effects of all derivative instruments on the Condensed Consolidated Financial Statements. All amounts exclude income tax effects.


		Asset Derivatives
		Fair Value
	Balance Sheet Location	July 3, 2021		December 31, 2020
Designated derivatives:
Foreign currency forward contracts	Prepaid expenses and other current assets	$	5.1	$	5.0
Foreign currency forward contracts	Other non-current assets	0.3		0.5
Cross-currency swap	Other non-current assets	4.2		6.3

Total designated derivatives		$	9.6	$	11.8
Non-designated derivatives:
Foreign currency forward contracts	Prepaid expenses and other current assets	$	0.3	$	4.3


		Liability Derivatives
		Fair Value
	Balance Sheet Location	July 3, 2021		December 31, 2020
Designated derivatives:
Foreign currency forward contracts	Other accrued liabilities	$	0.9	$	5.5



Non-designated derivatives:
Foreign currency forward contracts	Other accrued liabilities	$	1.8	$	2.4

The following tables summarize the effect of derivative instruments designated as hedging instruments in Accumulated Other Comprehensive Income ("AOCI") (in millions):


	Three Months Ended
	July 3, 2021
Instrument	Amount of Gain/(Loss) Recorded in OCI		Classification of Gain/(Loss) Reclassified from AOCI into Earnings	Amount of Gain/(Loss) Reclassified from AOCI into Earnings		Classification of Gain/(Loss) Recognized into Earnings Related to Amounts Excluded from Effectiveness Testing	Amount of Gain/(Loss) Recognized in Earnings on Derivatives Related to Amounts Excluded from Effectiveness Testing


Cash flow hedges:
Interest rate swap agreements	$	—	Interest expense, net	$	(0.4)	Interest expense, net	$	—
Foreign currency forward contracts	1.1		Net sales	(1.0)		Net sales	—
			Cost of sales	0.9		Cost of sales	0.4
						Other (income) expense, net	0.4
	$	1.1		$	(0.5)		$	0.8
Net investment hedges:
Cross-currency swap	$	(1.5)				Interest expense, net	$	(1.1)


	Six Months Ended
	July 3, 2021
Instrument	Amount of Gain/(Loss) Recorded in OCI(1)		Classification of Gain/(Loss) Reclassified from AOCI into Earnings	Amount of Gain/(Loss) Reclassified from AOCI into Earnings		Classification of Gain/(Loss) Recognized into Earnings Related to Amounts Excluded from Effectiveness Testing	Amount of Gain/(Loss) Recognized in Earnings on Derivatives Related to Amounts Excluded from Effectiveness Testing
Cash flow hedges:


Interest rate swap agreements	—		Interest expense, net	(0.9)		Interest expense, net	—
Foreign currency forward contracts	(1.2)		Net sales	(1.9)		Net sales	—
			Cost of sales	2.8		Cost of sales	0.5
						Other (income) expense, net	0.4
	$	(1.2)		$	—		$	0.9
Net investment hedges:
Cross-currency swap	$	(2.0)				Interest expense, net	$	(2.2)


	Three Months Ended
	June 27, 2020
Instrument	Amount of Gain/(Loss) Recorded in OCI		Classification of Gain/(Loss) Reclassified from AOCI into Earnings	Amount of Gain/(Loss) Reclassified from AOCI into Earnings		Classification of Gain/(Loss) Recognized into Earnings Related to Amounts Excluded from Effectiveness Testing	Amount of Gain/(Loss) Recognized in Earnings on Derivatives Related to Amounts Excluded from Effectiveness Testing
Cash flow hedges:


Interest rate swap agreements	$	—	Interest expense, net	$	(0.5)	Interest expense, net	$	—
Foreign currency forward contracts	0.5		Net sales	0.3		Net sales	—
			Cost of sales	0.1		Cost of sales	0.3
	$	0.5		$	(0.1)		$	0.3
Net investment hedges:
Cross-currency swap	$	(3.3)				Interest expense, net	$	1.8


	Six Months Ended
	June 27, 2020
Instrument	Amount of Gain/(Loss) Recorded in OCI		Classification of Gain/(Loss) Reclassified from AOCI into Earnings	Amount of Gain/(Loss) Reclassified from AOCI into Earnings		Classification of Gain/(Loss) Recognized into Earnings Related to Amounts Excluded from Effectiveness Testing	Amount of Gain/(Loss) Recognized in Earnings on Derivatives Related to Amounts Excluded from Effectiveness Testing
Cash flow hedges:


Interest rate swap agreements	$	—	Interest expense, net	$	(0.9)	Interest expense, net	$	—
Foreign currency forward contracts	9.8		Net sales	(0.1)		Net sales	—
			Cost of sales	(1.0)		Cost of sales	0.7
	$	9.8		$	(2.0)		$	0.7
Net investment hedges:
Cross-currency swap	$	(18.3)				Interest expense, net	$	4.6

The amounts of (income)/expense recognized in earnings related to our non-designated derivatives on the Condensed Consolidated Statements of Operations were as follows (in millions):


		Three Months Ended				Six Months Ended
Non-Designated Derivatives	Income Statement Location	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Foreign currency forward contracts	Other (income) expense, net	$	(3.1)	$	(7.0)	$	(5.9)	$	(0.2)
	Interest expense, net	0.4		1.1		0.9		1.4
		$	(2.7)	$	(5.9)	$	(5.0)	$	1.2


	Three Months Ended
	July 3, 2021
	Net Sales		Cost of Sales		Interest Expense, net		Other (Income) Expense, net
Total amounts of income and expense line items presented on the Condensed Consolidated Statements of Operations in which the effects of fair value or cash flow hedges are recorded	$	981.1	$	632.1	$	31.6	$	(0.4)

The effects of cash flow hedging:
Gain (loss) on cash flow hedging relationships
Foreign currency forward contracts
Amount of gain or (loss) reclassified from AOCI into earnings	$	(1.0)	$	0.9	$	—	$	—
Amount excluded from effectiveness testing recognized using a systematic and rational amortization approach	$	—	$	0.4	$	—	$	0.4





Interest rate swap agreements
Amount of gain or (loss) reclassified from AOCI into earnings	$	—	$	—	$	(0.4)	$	—


	Six Months Ended
	July 3, 2021
	Net Sales		Cost of Sales		Interest Expense, net		Other (Income) Expense, net
Total amounts of income and expense line items presented on the Condensed Consolidated Statements of Operations in which the effects of fair value or cash flow hedges are recorded	$	1,991.1	$	1,273.7	$	63.6	$	1.9

The effects of cash flow hedging:
Gain (loss) on cash flow hedging relationships
Foreign currency forward contracts
Amount of gain or (loss) reclassified from AOCI into earnings	$	(1.9)	$	2.8	$	—	$	—
Amount excluded from effectiveness testing recognized using a systematic and rational amortization approach	$	—	$	0.5	$	—	$	0.4





Interest rate swap agreements
Amount of gain or (loss) reclassified from AOCI into earnings	$	—	$	—	$	(0.9)	$	—


	Three Months Ended
	June 27, 2020
	Net Sales		Cost of Sales		Interest Expense, net		Other (Income) Expense, net
Total amounts of income and expense line items presented on the Condensed Consolidated Statements of Operations in which the effects of fair value or cash flow hedges are recorded	$	948.8	$	601.6	$	32.2	$	17.1

The effects of cash flow hedging:
Gain (loss) on cash flow hedging relationships
Foreign currency forward contracts
Amount of gain or (loss) reclassified from AOCI into earnings	$	0.3	$	0.1	$	—	$	—
Amount excluded from effectiveness testing recognized using a systematic and rational amortization approach	$	—	$	0.3	$	—	$	—





Interest rate swap agreements
Amount of gain or (loss) reclassified from AOCI into earnings	$	—	$	—	$	(0.5)	$	—