Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of open foreign currency contracts

As of June 30, 2022 and December 31, 2021, the Company had the following open foreign currency contracts (in millions):

	June 30, 2022				December 31, 2021
Foreign Currency	Notional Amounts (in U.S. Dollars)		Net Unrealized Gain (Loss)		Notional Amounts (in U.S. Dollars)		Net Unrealized Gain (Loss)
Australian Dollar	$	14.1	$	0.6	$	20.3	$	0.4
Canadian Dollar	158.6		2.5		121.1		0.6
Mexican Peso	84.7		5.1		87.9		1.1
Total	$	257.4	$	8.2	$	229.3	$	2.1

Schedule of open interest rate swap contracts

As of June 30, 2022 and December 31, 2021, the Company had the following open interest rate swap contracts (in millions):

		June 30, 2022				December 31, 2021
Effective Date	Termination Date	Notional Amounts		Net Unrealized Gain (Loss)		Notional Amounts		Net Unrealized Gain (Loss)
September 30, 2019	September 30, 2023	150.0		0.3		150.0		(5.8)
March 3, 2020	February 28, 2023	400.0		5.1		400.0		(2.0)
Total		$	550.0	$	5.4	$	550.0	$	(7.8)

Schedule of carrying values of derivative instruments

The table below summarizes the carrying values of derivative instruments as of June 30, 2022 and December 31, 2021 (in millions):

	Carrying Values of Derivative Instruments as of June 30, 2022
	Fair Value— Assets		Fair Value— (Liabilities)		Derivative Net Carrying Value
Derivatives designated as hedging instruments
Foreign exchange contracts	$	8.2	$	—	$	8.2
Interest rate contracts	5.4		—		5.4
Total derivatives designated as hedging instruments	$	13.6	$	—	$	13.6

	Carrying Values of Derivative Instruments as of December 31, 2021
	Fair Value— Assets		Fair Value— (Liabilities)		Derivative Net Carrying Value
Derivatives designated as hedging instruments
Foreign exchange contracts	$	2.4	$	(0.3)	$	2.1
Interest rate contracts	—		(7.8)		(7.8)
Total derivatives designated as hedging instruments	$	2.4	$	(8.1)	$	(5.7)