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Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of open foreign currency contracts

At June 30, 2020 and December 31, 2019, the Company had the following open foreign currency contracts (in millions):


	June 30, 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	$	5.9	$	(0.1)	$	16.0	$	(0.1)
Canadian Dollar	75.3		0.7		101.4		(1.1)
Mexican Peso	30.4		(3.5)		17.0		1.1
Total	$	111.6	$	(2.9)	$	134.4	$	(0.1)

Schedule of open interest rate swap contracts

At June 30, 2020 and December 31, 2019, the Company had the following open interest rate swap contracts (in millions):


		June 30, 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		(0.2)
March 3, 2020	February 28, 2023	400.0		(7.8)		—		—
Total		$	575.0	$	(21.5)	$	275.0	$	(8.0)

Schedule of carrying values of derivative instruments

The table below summarizes the carrying values of derivative instruments as of June 30, 2020 and December 31, 2019 (in millions):


	Carrying Values of Derivative Instruments as of June 30, 2020
	Fair Value— Assets		Fair Value— (Liabilities)		Derivative Net Carrying Value
Derivatives designated as hedging instruments
Foreign exchange contracts	$	0.7	$	(3.6)	$	(2.9)
Interest rate contracts	—		(21.5)		(21.5)
Total derivatives designated as hedging instruments	$	0.7	$	(25.1)	$	(24.4)


	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)

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

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+ Details