Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of open foreign currency contracts

At March 31, 2020 and December 31, 2019, the Company had the following open foreign currency contracts (in millions):

	March 31, 2020					December 31, 2019
Foreign Currency	Notional Amounts (in U.S. Dollars)		Net Unrealized Gain (Loss)			Notional Amounts (in U.S. Dollars)		Net Unrealized Gain (Loss)
Australian Dollar	$	10.1	$	1.0		$	16.0	$	(0.1	)
Canadian Dollar	64.8		3.8			101.4		(1.1		)
Mexican Peso	37.8		(5.9		)	17.0		1.1
Total	$	112.7	$	(1.1	)	$	134.4	$	(0.1	)

Schedule of open interest rate swap contracts

At March 31, 2020 and December 31, 2019, the Company had the following open interest rate swap contracts (in millions):

		March 31, 2020					December 31, 2019
Effective Date	Termination Date	Notional Amounts		Net Unrealized Gain (Loss)			Notional Amounts		Net Unrealized Gain (Loss)
May 2, 2018	May 4, 2021	$	25.0	$	(0.4	)	$	25.0	$	(0.1	)
September 30, 2019	September 30, 2023	150.0		(13.3		)	150.0		(7.7		)
May 3, 2019	May 3, 2020	100.0		(0.1		)	100.0		(0.2		)
March 3, 2020	February 28, 2023	400.0		(6.6		)	—		—
Total		$	675.0	$	(20.4	)	$	275.0	$	(8.0	)

Schedule of carrying values of derivative instruments

The table below summarizes the carrying values of derivative instruments as of March 31, 2020 and December 31, 2019 (in millions):

	Carrying Values of Derivative Instruments as of March 31, 2020
	Fair Value— Assets		Fair Value— (Liabilities)			Derivative Net Carrying Value
Derivatives designated as hedging instruments
Foreign exchange contracts	$	4.8	$	(5.9	)	$	(1.1	)
Interest rate contracts	—		(20.4		)	(20.4		)
Total derivatives designated as hedging instruments	$	4.8	$	(26.3	)	$	(21.5	)

	Carrying Values of Derivative Instruments as of December 31, 2019
	Fair Value— Assets		Fair Value— (Liabilities)			Derivative Net Carrying Value
Derivatives designated as hedging instruments
Foreign exchange contracts	$	1.1	$	(1.2	)	$	(0.1	)
Interest rate contracts	—		(8.0		)	(8.0		)
Total derivatives designated as hedging instruments	$	1.1	$	(9.2	)	$	(8.1	)