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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Change in Fair Value of Foreign Currency Forward Exchange Contracts Under Hedge Designations

The change in fair value of our foreign currency forward exchange contracts under hedge designations recorded net of tax within accumulated other comprehensive loss for the quarters ended March 31, 2022 and March 31, 2021 was as follows:

 

 

 

Quarter Ended March 31,

 

 

(In millions)

 

2022

 

 

2021

 

 

Unrealized (losses) gains at beginning of period, net of tax

 

$

(3.5

)

 

$

10.6

 

 

Losses (gains) reclassified to net sales

 

 

0.3

 

 

 

(1.1

)

 

Decrease in fair value

 

 

(4.8

)

 

 

(3.9

)

 

Unrealized (losses) gains at end of period, net of tax

 

$

(8.0

)

 

$

5.6