Derivatives (Tables)

9 Months Ended

Sep. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivative instruments on our Condensed Consolidated Balance Sheets

The fair value of derivative instruments on our Consolidated Balance Sheets as of September 30, 2019 and December 31, 2018 was as follows:

	Derivative Assets					Derivative Liabilities
	Balance Sheet Location	September 30, 2019		December 31, 2018		Balance Sheet Location	September 30, 2019		December 31, 2018
Derivatives designated as hedging instruments:
Foreign currency option contracts	Other Current Assets	$	0.1	$	0.2	Other Current Liabilities	$	—	$	—
Foreign currency option contracts	Other Assets	—		—		Other Liabilities	—		—
Foreign currency forward contracts	Other Current Assets	2.7		2.3		Other Current Liabilities	—		—
Foreign currency forward contracts	Other Assets	—		—		Other Liabilities	8.5		20.7
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Other Current Assets	0.7		0.2		Other Current Liabilities	0.8		—
Foreign currency forward contracts	Other Assets	$	—	$	—	Other Liabilities	$	—	$	—

Derivative Instruments, Gain (Loss) [Table Text Block]

The following tables include the amounts in the Consolidated Statements of Earnings in which the effects of cash flow hedges are recorded and the effects of cash flow hedge activity on these line items for the three and nine months ended September 30, 2019 and September 30, 2018:

	Three Months Ended												Nine Months Ended
	September 30												September 30
	2019						2018						2019						2018
	Total			Amount of Gain (Loss) on Cash Flow Hedge Activity			Total			Amount of Gain (Loss) on Cash Flow Hedge Activity			Total			Amount of Gain (Loss) on Cash Flow Hedge Activity			Total			Amount of Gain (Loss) on Cash Flow Hedge Activity
Net Sales	$	280.7		$	(0.1	)	$	273.3		$	(0.1	)	$	842.8		$	(0.1	)	$	838.3		$	(0.2	)
Interest Income	0.8			0.7			0.8			0.6			2.5			2.1			2.5			1.7
Net Foreign Currency Transaction Losses	(0.6		)	7.1			(0.3		)	0.9			(0.6		)	8.1			(1.4		)	6.1

The effect of foreign currency derivative instruments designated as hedges and of foreign currency derivative instruments not designated as hedges in our Consolidated Statements of Earnings for the three and nine months ended September 30, 2019 was as follows:

	Three Months Ended				Nine Months Ended
	September 30, 2019				September 30, 2019
	Foreign Currency Option Contracts		Foreign Currency Forward Contracts		Foreign Currency Option Contracts			Foreign Currency Forward Contracts
Derivatives in cash flow hedging relationships:
Net gain (loss) recognized in Other Comprehensive (Loss) Income, net of tax(a)	$	—	$	7.2	$	(0.2	)	$	11.3
Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax, effective portion to Interest Income	—		0.5		—			1.6
Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax, effective portion to Net Foreign Currency Transaction (Gain) Loss	—		5.4		—			6.2
Derivatives not designated as hedging instruments:
Net gain (loss) recognized in earnings(b)	$	—	$	0.6	$	—		$	(0.2	)

The effect of foreign currency derivative instruments designated as hedges and of foreign currency derivative instruments not designated as hedges in our Consolidated Statements of Earnings for the three and nine months ended September 30, 2018 was as follows:

	Three Months Ended					Nine Months Ended
	September 30, 2018					September 30, 2018
	Foreign Currency Option Contracts		Foreign Currency Forward Contracts			Foreign Currency Option Contracts			Foreign Currency Forward Contracts
Derivatives in cash flow hedging relationships:
Net gain recognized in Other Comprehensive (Loss) Income, net of tax(a)	$	—	$	1.2		$	—		$	4.9
Net loss reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax, effective portion to Net Sales	—		—			(0.1		)	—
Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax, effective portion to Interest Income	—		0.4			—			1.3
Net gain reclassified from Accumulated Other Comprehensive Loss into earnings, net of tax, effective portion to Net Foreign Currency Transaction Losses	—		0.7			—			4.7
Derivatives not designated as hedging instruments:
Net (loss) gain recognized in earnings(b)	$	—	$	(0.6	)	$	—		$	1.2

^(a)  Net change in the fair value of the effective portion classified in Other Comprehensive (Loss) Income.

^(b) 

Classified in Net Foreign Currency Transaction Losses