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Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of open foreign currency contracts

At March 31, 2021 and December 31, 2020, the Company had the following open foreign currency contracts (in millions):


	March 31, 2021				December 31, 2020
Foreign Currency	Notional Amounts (in U.S. Dollars)		Net Unrealized Gain (Loss)		Notional Amounts (in U.S. Dollars)		Net Unrealized Gain (Loss)
Australian Dollar	$	34.2	$	0.1	$	26.0	$	(0.5)
Canadian Dollar	176.7		(3.7)		169.8		(2.8)
Mexican Peso	17.2		0.1		13.5		1.0
Total	$	228.1	$	(3.5)	$	209.3	$	(2.3)

Schedule of open interest rate swap contracts

At March 31, 2021 and December 31, 2020, the Company had the following open interest rate swap contracts (in millions):


		March 31, 2021				December 31, 2020
Effective Date	Termination Date	Notional Amounts		Net Unrealized Gain (Loss)		Notional Amounts		Net Unrealized Gain (Loss)
May 2, 2018	May 4, 2021	$	25.0	$	(0.1)	$	25.0	$	(0.2)
September 30, 2019	September 30, 2023	150.0		(9.7)		150.0		(11.3)
March 3, 2020	February 28, 2023	400.0		(5.3)		400.0		(6.6)
Total		$	575.0	$	(15.1)	$	575.0	$	(18.1)

Schedule of carrying values of derivative instruments

The table below summarizes the carrying values of derivative instruments as of March 31, 2021 and December 31, 2020 (in millions):


	Carrying Values of Derivative Instruments as of March 31, 2021
	Fair Value— Assets		Fair Value— (Liabilities)		Derivative Net Carrying Value
Derivatives designated as hedging instruments
Foreign exchange contracts	$	0.6	$	(4.1)	$	(3.5)
Interest rate contracts	—		(15.1)		(15.1)
Total derivatives designated as hedging instruments	$	0.6	$	(19.2)	$	(18.6)


	Carrying Values of Derivative Instruments as of December 31, 2020
	Fair Value— Assets		Fair Value— (Liabilities)		Derivative Net Carrying Value
Derivatives designated as hedging instruments
Foreign exchange contracts	$	1.0	$	(3.3)	$	(2.3)
Interest rate contracts	—		(18.1)		(18.1)
Total derivatives designated as hedging instruments	$	1.0	$	(21.4)	$	(20.4)

- 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