Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2020

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				Six Months Ended
		June 30,				June 30,
		2020		2019		2020		2019
Non-designated hedges and interest rate swaps	Interest expense	$	(3.4)	$	(0.4)	$	(4.9)	$	(1.5)
Foreign exchange forward contracts and cash flow hedges	Net sales	0.2		(0.4)		0.5		(0.5)
Foreign exchange forward contracts and cash flow hedges	Foreign exchange gain (loss), net	6.4		0.5		(7.2)		0.7
Total		$	3.2	$	(0.3)	$	(11.6)	$	(1.3)

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

As of June 30, 2020, 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
Currency forward agreements (USD-BRL)	2	7.4	USD	36.9	BRL