XML 74 R48.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Financial Instruments and Fair Value Measurement (Tables)
 12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Accounted for at Fair Value
The following tables show, by level within the fair value hierarchy, the Company’s financial assets and liabilities that are accounted for at fair value on a recurring basis at December 31, 2019 and 2018 (in millions):
Asset (Liability)
Quoted Prices in Active Markets for Identical Assets (Level 1)
Quoted Prices in Active Markets for Similar Assets (Level 2)
Unobservable inputs for which little or no market data exists (Level 3)
Total
Money market funds (a)
$
27.5

$
—

$
—

$
27.5

Available for sale investments
—

50.7

—

50.7

Trading securities
19.2

—

—

19.2

Deferred compensation plan liabilities
(19.2
)
—

—

(19.2
)
Derivatives:
 
 
 
 
Forward exchange contracts-Assets (b)
—

—

—

—

Forward exchange contracts-(Liabilities) (c)
—

(0.3
)
—

(0.3
)
BALANCE AT DECEMBER 31, 2019
$
27.5

$
50.4

$
—

$
77.9

Asset (Liability)
Quoted Prices in Active Markets for Identical Assets (Level 1)
Quoted Prices in Active Markets for Similar Assets (Level 2)
Unobservable inputs for which little or no market data exists (Level 3)
Total
Money market funds (a)
$
15.1

$
—

$
—

$
15.1

Time Deposits (a)
—

20.9

—

20.9

Available-for-sale investments
—

48.9

2.3

51.2

Trading securities
14.3

—

—

14.3

Deferred compensation plan liabilities
(14.3
)
—

—

(14.3
)
Derivatives:
 

 

 
 
Forward exchange contracts-Assets (b)
—

1.6

—

1.6

Forward exchange contracts-(Liabilities) (c)
—

—

—

—

BALANCE AT DECEMBER 31, 2018
$
15.1

$
71.4

$
2.3

$
88.8

(a)
Money market funds and time deposits are included in Cash and cash equivalents in the Consolidated Balance Sheet.
(b)
Forward exchange contracts-Assets are reflected in Other current assets in the Consolidated Balance Sheet.
(c)
Forward exchange contracts-(Liabilities) are reflected in Other accrued liabilities in the Consolidated Balance Sheet.
Schedule of Derivative Instruments and Cash Flow Hedging Relationships
The following table summarizes the results of cash flow hedging relationships for years ended December 31, (in millions):
 
Derivative Gain/(Loss) Recognized in Accumulated Other Comprehensive Loss, net of tax
Location of Gain/(Loss) when reclassified
Gain/(Loss) Reclassified into Earnings (Effective Portion), net of tax
Derivative Instrument
2019

2018

(Effective Portion)
2019

2018

Forward exchange contract
$
(0.8
)
$
1.9

Net sales
$
0.2

$
0.1

 
 
 
Cost of goods sold
$
0.3

$
0.2