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Derivatives (Tables)
6 Months Ended
Jun. 30, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Derivative Financial Instruments

As of June 30, 2020 and December 31, 2019, the fair values of our derivative financial instruments and their classifications on the Condensed Consolidated Balance Sheets were as follows:

 

Classification on Consolidated Balance Sheets

 

June 30, 2020

 

 

December 31, 2019

 

Derivative assets

 

 

 

 

 

 

 

 

 

Foreign currency contracts:

 

 

 

 

 

 

 

 

 

Not designated as hedging instruments

Prepaid expenses and other current assets

 

$

0.3

 

 

$

0.9

 

Interest rate swap agreements:

 

 

 

 

 

 

 

 

 

Designated as cash flow hedges

Other noncurrent assets

 

 

 

 

 

1.0

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

 

 

 

 

 

 

 

 

Foreign currency contracts:

 

 

 

 

 

 

 

 

 

Not designated as hedging instruments

Accrued liabilities and other

 

$

0.2

 

 

$

0.1

 

Interest rate swap agreements:

 

 

 

 

 

 

 

 

 

Designated as cash flow hedges

Accrued liabilities and other

 

 

4.7

 

 

 

 

Designated as cash flow hedges

Other noncurrent liabilities

 

 

11.8

 

 

 

 

Schedule of Pre-Tax Losses (Gains) Recognized on Derivative Financial Instruments in Condensed Consolidated Statements of Operations

The pre-tax losses (gains) recognized on derivative financial instruments in the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2020 and 2019 were as follows: 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

Classification of Loss (Gain) Recognized in the Consolidated Statements of Operations

 

June 30, 2020

 

 

June 30, 2019

 

 

June 30, 2020

 

 

June 30, 2019

 

Derivatives not designated as hedges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

Selling, general and administrative expenses

 

$

(0.1

)

 

$

2.2

 

 

$

1.1

 

 

$

(1.5

)

Derivatives designated as cash flow hedges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap agreements

Interest expense, net

 

 

1.0

 

 

 

 

 

 

0.8

 

 

 

 

Schedule of Pre-Tax Losses Recognized on Derivative Financial Instruments in Condensed Consolidated Statements of Comprehensive Loss

The pre-tax losses recognized on derivative financial instruments in the Condensed Consolidated Statements of Comprehensive Loss for the three and six months ended June 30, 2020 and 2019 were as follows:

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2020

 

 

June 30, 2019

 

 

June 30, 2020

 

 

June 30, 2019

 

Derivatives designated as cash flow hedges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap agreements

 

$

2.7

 

 

$

 

 

$

18.2

 

 

$