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Derivative Instruments and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Gain (loss) recognized on non-designated derivative instruments
The Company uses derivatives to mitigate the economic consequences associated with fluctuations in currencies and interest rates. The following table summarizes the gain (loss) recognized on derivative instruments:
Derivative instrument
 
Classification on consolidated statement of operations
 
2019
 
2018
 
2017
Non-designated hedges and interest rate swaps
 
Interest expense
 
$
(3.4
)
 
$
(2.9
)
 
$
(4.3
)
Foreign exchange forward contracts and cash flow hedges
 
Net sales
 
0.4

 
2.4

 

Foreign exchange forward contracts and cash flow hedges
 
Cost of sales
 

 
0.6

 

Foreign exchange forward contracts and cash flow hedges
 
Foreign exchange gain (loss), net
 
5.0

 
(10.4
)
 
6.3

Total
 
 
 
$
2.0

 
$
(10.3
)
 
$
2.0


Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] As of December 31, 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

 
24.0

GBP
 
27.0

EUR