XML 81 R44.htm IDEA: XBRL DOCUMENT v3.19.3
Derivative Instruments and Hedging Activities (Tables)
9 Months Ended
Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Gain (loss) recognized on non-designated derivative instruments The following table summarizes the gain (loss) recognized on derivative instruments:
Derivative instrument
 
Classification on condensed consolidated statements of operations
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2019
 
2018
 
2019
 
2018
Non-designated hedges and interest rate swaps
 
Interest expense
 
$
(1.0
)
 
$
(0.7
)
 
$
(2.5
)
 
$
(1.8
)
Foreign exchange forward contracts and cash flow hedges
 
Net sales
 
0.2

 
(0.4
)
 
(0.3
)
 
2.4

Foreign exchange forward contracts and cash flow hedges
 
Cost of sales
 

 
0.7

 

 
0.6

Foreign exchange forward contracts and cash flow hedges
 
Foreign exchange gain (loss), net
 

 
3.5

 
0.7

 
4.0

Total
 
 
 
$
(0.8
)
 
$
3.1

 
$
(2.1
)
 
$
5.2



Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] As of September 30, 2019, the Company had the following outstanding foreign currency derivatives that were used to hedge its foreign exchange risks:
Foreign Currency Derivative
 
Number of Instruments
 
Notional Sold
 
Notional Purchased
Currency forward agreements (EUR-GBP)
 
12

 
26.0

GBP
 
29.1

EUR