XML 1073 R51.htm IDEA: XBRL DOCUMENT v3.22.0.1
Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Financial Instruments At Fair Value
The following table presents assets and liabilities representing the fair value of our most significant derivative financial instruments. The fair values of the derivatives reflect the change in the market value of the derivative from the date of the trade execution and do not consider the offsetting underlying hedged item.
 Expiring at various dates through:Total USD
Equivalent
Notional
Amount
As of December 31, 2021
DerivativesAssetsLiabilities
Other Current
Assets
SundryOther Current
Liabilities
Other Long-Term
Liabilities
Designated as hedging instruments
Total cash flow hedges-currency hedgesJun 2023260.6$5.1 $— $.7 $.1 
Total fair value hedgesMar 202254.2.4 — — — 
Not designated as hedging instrumentsDec 202240.1.4 — .4 — 
Total derivatives $5.9 $— $1.1 $.1 

 Expiring at various dates through:Total USD
Equivalent
Notional
Amount
As of December 31, 2020
DerivativesAssetsLiabilities
Other Current
Assets
SundryOther Current
Liabilities
Other Long-Term
Liabilities
Designated as hedging instruments
Total cash flow hedges-currency hedgesJun 2022223.8 $7.0 $.2 $1.9 $.3 
Total fair value hedgesJun 202149.5 .3 — .1 — 
Not designated as hedging instrumentsDec 202155.1 .4 — .2 — 
Total derivatives$7.7 $.2 $2.2 $.3 
Schedule of Gains (Losses) Of Hedging Activities Recorded In Income
The following table sets forth the pretax (gains) losses for our hedging activities for the years presented. This schedule includes reclassifications from accumulated other comprehensive income as well as derivative settlements recorded directly to income or expense.
 Income Statement CaptionAmount of (Gain) Loss Recorded in Income for the Year Ended December 31
Derivatives202120202019
Designated as hedging instruments
Interest rate cash flow hedgesInterest expense$4.5 $4.5 $4.4 
Currency cash flow hedgesNet trade sales (9.6)1.1 2.7 
Currency cash flow hedgesCost of goods sold(.2)(.1)(1.6)
Currency cash flow hedgesOther (income) expense, net — .1 
Total cash flow hedges (5.3)5.5 5.6 
Fair value hedgesOther (income) expense, net(5.9)(.2).8 
Not designated as hedging instrumentsOther (income) expense, net(1.9).2 .1 
Total derivative instruments $(13.1)$5.5 $6.5