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Derivative Instruments and Risk Management (Tables)
9 Months Ended
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts

The notional amount of a derivative instrument is the nominal or face amount used to calculate payments made on that instrument. Notional amounts are presented in the following table:

 

 

Notional

 

 

Notional

 

 

 

Amount

 

 

Amount

 

 

 

September 30, 2022

 

 

December 31, 2021

 

Derivatives designated as hedging instruments

 

 

 

 

 

 

Foreign exchange contracts

 

$

219.9

 

 

$

216.3

 

Interest rate lock agreements

 

$

500.0

 

 

$

300.0

 

Diesel fuel contracts

 

3.9 gallons

 

 

0.0 gallons

 

Commodities contracts

 

8.6 pounds

 

 

72.1 pounds

 

Derivatives not designated as hedging instruments

 

 

 

 

 

 

Foreign exchange contracts

 

$

5.9

 

 

$

5.9

 

Equity derivatives

 

$

23.8

 

 

$

28.9