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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2021
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) income for the quarters ended March 31, 2021 and March 31, 2020 was as follows:

 

 

 

Quarter Ended March 31,

 

(In millions)

 

2021

 

 

2020

 

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

 

$

10.6

 

 

$

(8.4

)

Losses reclassified to net sales

 

 

(1.1

)

 

 

3.3

 

Decrease in fair value

 

 

(3.9

)

 

 

(13.6

)

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

 

$

5.6

 

 

$

(18.7

)