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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 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 loss for the quarters and nine months ended September 30, 2020 and September 30, 2019 was as follows:

 

 

 

Quarter Ended September 30,

 

 

Nine Months Ended September 30,

 

(In millions)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Unrealized losses at beginning of period, net of tax

 

$

(12.3

)

 

$

(13.8

)

 

$

(8.4

)

 

$

(10.6

)

Losses reclassified to net sales

 

 

2.0

 

 

 

3.0

 

 

 

9.7

 

 

 

6.5

 

Increase (decrease) in fair value

 

 

11.1

 

 

 

(12.9

)

 

 

(0.5

)

 

 

(19.6

)

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

 

$

0.8

 

 

$

(23.7

)

 

$

0.8

 

 

$

(23.7

)