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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2020
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 for the quarters ended March 31, 2020 and March 31, 2019 was as follows:

 

 

 

Quarter Ended March 31,

 

(In millions)

 

2020

 

 

2019

 

Unrealized losses at beginning of period, net of tax

 

$

(8.4

)

 

$

(10.6

)

Losses reclassified to net sales

 

 

3.3

 

 

 

1.3

 

Decrease in fair value

 

 

(13.6

)

 

 

(2.1

)

Unrealized losses at end of period, net of tax

 

$

(18.7

)

 

$

(11.4

)