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Derivatives (Tables)
12 Months Ended
Dec. 31, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Derivative Financial Instruments

As of December 31, 2021 and 2020, the fair values of our derivative financial instruments and their classifications on the Consolidated Balance Sheets were as follows:

 

 

Classification on Consolidated Balance Sheets

 

2021

 

 

2020

 

Derivative assets

 

 

 

 

 

 

 

 

 

Foreign currency contracts:

 

 

 

 

 

 

 

 

 

Not designated as hedging instruments

Prepaid expenses and other current assets

 

$

2.6

 

 

$

5.9

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

 

 

 

 

 

 

 

 

Foreign currency contracts:

 

 

 

 

 

 

 

 

 

Not designated as hedging instruments

Accrued liabilities and other

 

$

 

 

$

2.3

 

Interest rate swap agreements:

 

 

 

 

 

 

 

 

 

Designated as cash flow hedges

Accrued liabilities and other

 

$

0.9

 

 

$

5.0

 

Designated as cash flow hedges

Other noncurrent liabilities

 

$

0.2

 

 

$

9.6

 

 

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

The pre-tax (gains) losses recognized on derivative financial instruments in the Consolidated Statements of Operations for the years ended December 31, 2021, 2020 and 2019 were as follows:

 

 

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

 

2021

 

 

2020

 

 

2019

 

Derivatives not designated as hedges

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

Selling, general and administrative expenses

 

$

(11.8

)

 

$

(13.6

)

 

$

1.5

 

Derivatives designated as cash flow hedges

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap agreements

Interest expense, net

 

 

11.9

 

 

 

3.4

 

 

 

(0.1

)

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

The pre-tax (gains) losses recognized on derivative financial instruments in the Consolidated Statements of Comprehensive Loss for the years ended December 31, 2021, 2020 and 2019 were as follows:

 

 

 

2021

 

 

2020

 

 

2019

 

Derivatives designated as cash flow hedges

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap agreements

 

$

(1.6

)

 

$

19.0

 

 

$

(1.1

)