Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table summarizes the fair value of our derivative financial instruments as of December 31, 2021 and 2020:

	Fair Value of Derivative Instruments
	Derivative Assets					Derivative Liabilities
(in millions)	Balance Sheet Location	December 31, 2021		December 31, 2020		Balance Sheet Location	December 31, 2021		December 31, 2020
Derivatives designated as hedging instruments:
Foreign exchange contracts	Other current assets	$	5.6	$	0.1	Other current liabilities	$	0.1	$	5.0
Derivatives not designated as hedging instruments:
Foreign exchange contracts	Other current assets	0.7		1.6		Other current liabilities	0.6		1.2
Foreign exchange contracts	Other non-current assets	10.2		32.1		Other non-current liabilities	10.2		32.1
Total derivatives		$	16.5	$	33.8		$	10.9	$	38.3

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following tables summarize the pre-tax effect of the Company’s derivative financial instruments on the Consolidated Statements of Income for the years ended December 31, 2021, 2020 and 2019:

	The Effect of Derivative Instruments in Cash Flow Hedging Relationships on the Consolidated Financial Statements
	Amount of Gain (Loss) Recognized in AOCI (Effective Portion)						Location of (Gain) Loss Reclassified from AOCI to Income	Amount of (Gain) Loss Reclassified from AOCI to Income (Effective Portion)
(in millions)	2021		2020		2019			2021		2020		2019
Cash flow hedges:
Foreign exchange contracts	$	9.1	$	(4.5)	$	1.0	Cost of products sold	$	1.0	$	0.5	$	(4.2)

	The Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Statements of Operations
	Location of (Gain) Loss Recognized in Income on Derivatives	Amount of (Gain) Loss Recognized in Income year ended December 31,
(in millions)		2021		2020		2019
Foreign exchange contracts	Other expense (income), net	$	—	$	(0.1)	$	0.1