Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

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 income (loss) for the quarters and nine months ended September 30, 2023 and September 30, 2022 was as follows:

	Quarter Ended September 30,						Nine Months Ended September 30,
(In millions)	2023			2022			2023			2022
Unrealized gains (losses) at beginning of period, net of tax	$	0.4		$	(21.7	)	$	(10.5	)	$	(3.5	)
Losses reclassified to net sales		1.1			4.8			5.8			7.9
Decrease in fair value		(9.5	)		(24.7	)		(3.3	)		(46.0	)
Unrealized losses at end of period, net of tax	$	(8.0	)	$	(41.6	)	$	(8.0	)	$	(41.6	)

Schedule of Fair Values of Outstanding Financial Instruments

The fair values of outstanding derivative financial instruments as of September 30, 2023 and December 31, 2022 were as follows:

	Prepaid and Other Current Assets		Other Assets		Current Liabilities		Non-Current Liabilities
(In millions)	September 30, 2023	December 31, 2022	September 30, 2023	December 31, 2022	September 30, 2023	December 31, 2022	September 30, 2023	December 31, 2022
Derivative Products
Foreign currency forward exchange contracts	$1.0	$1.9	$1.5	$3.4	$11.1	$14.1	$2.1	$5.3
Undesignated hedges	0.4	-	-	-	-	0.7	-	-
Commodity swaps	0.3	0.5	0.1	-	2.9	7.2	0.5	1.4
Cross currency and interest rate swap	7.6	6.2	11.9	10.1	-	-	-	-
Total Derivative Products	$9.3	$8.6	$13.5	$13.5	$14.0	$22.0	$2.6	$6.7