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DERIVATIVE FINANCIAL INSTRUMENTS
6 Months Ended
Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVE FINANCIAL INSTRUMENTS DERIVATIVE FINANCIAL INSTRUMENTS
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 June 30, 2023
DerivativesAssetsLiabilities
Other Current
Assets
SundryOther Current
Liabilities
Other Long-Term Liabilities
Designated as hedging instruments
Total cash flow hedges-currency hedgesDec 2024$295.0 $5.2 $.4 $5.1 $.4 
Total fair value hedgesSep 202358.6 .5 — .2 — 
Not designated as hedging instrumentsJun 2024110.1 — — .8 — 
Total derivatives$5.7 $.4 $6.1 $.4 
 Expiring at various dates through:Total USD
Equivalent
Notional
Amount
As of December 31, 2022
DerivativesAssetsLiabilities
Other Current
Assets
SundryOther Current
Liabilities
Other Long-Term Liabilities
Designated as hedging instruments
Total cash flow hedges-currency hedgesJun 2024$263.4 $1.9 $.5 $4.3 $.4 
Total fair value hedgesApr 202365.5 .3 — 1.0 — 
Not designated as hedging instrumentsDec 202386.0 .2 — .2 — 
Total derivatives$2.4 $.5 $5.5 $.4 
The following table sets forth the pretax (gains) losses for our hedging activities for the periods presented. This schedule includes reclassifications from accumulated other comprehensive income (see Note 11) as well as derivative settlements recorded directly to income or expense.
DerivativesIncome Statement CaptionAmount of (Gain) Loss
Recorded in Income
Six Months Ended June 30,
Amount of (Gain) Loss
Recorded in Income
Three Months Ended June 30,
2023202220232022
Designated as hedging instruments
Interest rate cash flow hedgesInterest expense$(.2)$1.8 $(.1)$.9 
Currency cash flow hedgesNet trade sales1.6 (2.3).9 (.5)
Currency cash flow hedgesCost of goods sold(1.3)(1.1)(.6)(.7)
Currency cash flow hedgesOther (income) expense, net— — — (.1)
Total cash flow hedges.1 (1.6).2 (.4)
Fair value hedgesOther (income) expense, net.6 1.0 (1.5)1.5 
Not designated as hedging instrumentsOther (income) expense, net3.5 .1 3.5 — 
Total derivative instruments$4.2 $(.5)$2.2 $1.1