Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of open foreign currency contracts

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

	September 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	$	11.4	$	(0.2)	$	16.0	$	(0.1)
Canadian Dollar	138.7		(0.3)		101.4		(1.1)
Mexican Peso	24.8		(1.5)		17.0		1.1
Total	$	174.9	$	(2.0)	$	134.4	$	(0.1)

Schedule of open interest rate swap contracts

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

		September 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	$	(0.3)	$	25.0	$	(0.1)
September 30, 2019	September 30, 2023	150.0		(12.4)		150.0		(7.7)
May 3, 2019	May 3, 2020	—		—		100.0		(0.2)
March 3, 2020	February 28, 2023	400.0		(7.3)		—		—
Total		$	575.0	$	(20.0)	$	275.0	$	(8.0)

Schedule of carrying values of derivative instruments

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

	Carrying Values of Derivative Instruments as of September 30, 2020
	Fair Value— Assets		Fair Value— (Liabilities)		Derivative Net Carrying Value
Derivatives designated as hedging instruments
Foreign exchange contracts	$	0.4	$	(2.4)	$	(2.0)
Interest rate contracts	—		(20.0)		(20.0)
Total derivatives designated as hedging instruments	$	0.4	$	(22.4)	$	(22.0)

	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)