Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 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				Nine months ended
		September 30				September 30
		2021		2020		2021		2020
Foreign exchange forward contracts and cash flow hedges	Foreign exchange gain (loss), net	$	(0.4)	$	(25.0)	$	(4.5)	$	(32.2)
Interest rate swaps and non-designated hedges	Interest expense	(2.1)		(5.3)		(6.2)		(10.2)
Foreign exchange forward contracts and cash flow hedges	Cost of sales	0.3		—		0.3		—
Foreign exchange forward contracts and cash flow hedges	Net sales	—		0.4		—		0.9
Total		$	(2.2)	$	(29.9)	$	(10.4)	$	(41.5)

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

As of September 30, 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)	3	20.5	BRL	3.9	USD
Currency forward agreements (GBP-EUR)	4	2.2	GBP	2.6	EUR
Currency forward agreements (USD-EUR)	2	1.0	EUR	1.2	USD