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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 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 activity, net of tax, in accumulated other comprehensive loss related to foreign currency forward exchange contracts for the years ended December 31, 2022, 2021 and 2020 was as follows:

(In millions)

 

2022

 

 

2021

 

 

2020

 

Unrealized (loss) gain at beginning of period, net of tax

 

$

(3.5

)

 

$

10.6

 

 

$

(8.4

)

Loss (gain) reclassified to net sales

 

 

14.0

 

 

 

(4.0

)

 

 

10.9

 

(Decrease) increase in fair value

 

 

(21.0

)

 

 

(10.1

)

 

 

8.1

 

Unrealized (loss) gain at end of period, net of taxes

 

$

(10.5

)

 

$

(3.5

)

 

$

10.6