Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2021

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
		March 31,
		2021		2020
Foreign exchange forward contracts and cash flow hedges	Foreign exchange gain (loss), net	$	(4.2)	$	(13.6)
Interest rate swaps and non-designated hedges	Interest expense	(1.9)		(1.5)
Foreign exchange forward contracts and cash flow hedges	Net sales	—		0.3
Total		$	(6.1)	$	(14.8)

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

As of March 31, 2021, 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 (USD-BRL)	6	54.9	BRL	10.1	USD
Currency forward agreements (GBP-EUR)	8	5.6	GBP	6.5	EUR
Currency forward agreements (USD-EUR)	4	2.4	EUR	2.8	USD