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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair value of derivative instruments designated as hedging instruments that are reported in the Consolidated Balance Sheet
The following table provides the location and fair value amounts of derivative instruments designated and not designated as hedging instruments that are reported in the Consolidated Balance Sheet (in millions):
 
 
December 31,
2018
 
December 31,
2017
Instrument (1)
Balance Sheet Account
Derivatives designated as hedges
Derivatives not designated as hedges
 
Derivatives designated as hedges
Derivatives not designated as hedges
Foreign exchange contracts
Other current assets
$
3.0

$
0.2

 
$
5.8

$
0.3

Cross currency swaps
Other current assets
0.8

—

 
0.7

—

Debt conversion feature
Other assets
—

0.5

 
—

1.5

Foreign exchange contracts
Other current liabilities
$
(5.7
)
$
—

 
$
(1.6
)
$
—

Commodity swaps
Other current liabilities
(1.1
)
—

 
—

—

Cross currency swaps
Other non-current liabilities
(3.0
)
—

 
(5.3
)
—

Net derivative asset (liability)
$
(6.0
)
$
0.7

 
$
(0.4
)
$
1.8
Schedule of derivative instruments that are designated as hedges in the Consolidated Statement of Income and Accumulated other comprehensive income (loss) ("OCI")
The following tables provide the effect of derivative instruments that are designated as hedges in AOCI (in millions):
 
Gain (Loss) Recognized on Derivatives in OCI, net of tax
 
Gain (Loss) Reclassified from AOCI into Income
Instrument
Year Ended December 31, 2018
Income Statement Account
Year Ended December 31, 2018
Foreign exchange contracts
$
(5.4
)
Cost of goods sold
$
(2.6
)
Commodity swaps
(1.2
)
Cost of goods sold
(0.2
)
Cross currency swaps
0.1

Other income (expense) - net
2.1

Total
$
(6.5
)
Total
$
(0.7
)

Gain (Loss) Recognized on Derivatives in OCI, net of tax:
Year Ended December 31,
Instrument
2017
2016
Foreign exchange contracts
$
5.4

$
(4.5
)
Cross currency swaps
(0.9
)
—

Interest rate swap
—

(0.2
)
Total
$
4.5

$
(4.7
)
 
 
 
Gain (Loss) Reclassified from AOCI into Income (Loss) (Effective):
Year Ended December 31,
Income Statement Account
2017
2016
Cost of goods sold
$
2.4

$
(2.0
)
Other income (expense) – net
(3.1
)
—

Total
$
(0.7
)
$
(2.0
)


The following tables provide the effect of derivative instruments that are designated as hedges in the Consolidated Statement of Income (Loss) (in millions):
 
Classification and amount of Gain or Loss
Recognized in Income
 
Cost of goods sold
Other income (expense) - net
 
Year Ended December 31, 2018
Income Statement Accounts in which effects of cash flow hedges are recorded
$
(4,158.2
)
$
(79.7
)
Gain (Loss) Reclassified from AOCI into Income (Loss):
 
Foreign exchange contracts
(2.6
)
—

Commodity swaps
(0.2
)
—

Cross currency swaps
—

2.1

Total
$
(2.8
)
$
2.1

Gain (Loss) Recognized on Derivatives (Ineffective) in Income (Loss):
Year Ended December 31,
Income Statement Account
2017
2016
Cost of goods sold
$
2.1

$
1.0

Other income (expense) – net
(0.1
)
—

Total
$
2.0

$
1.0
Schedule of derivative instruments that are not designated as hedges in the Consolidated Statement of Income and OCI
The following table provides the effect of non-designated derivatives outstanding at the end of the period in the Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) (in millions):
 
 
Year Ended December 31,
Instrument
Income Statement Account
2018
2017
2016
Foreign exchange contracts
Other income (expense) – net
$
(0.1
)
$
(1.1
)
$
0.9

Debt conversion feature
Other income (expense) – net
$
(0.9
)
$
0.4

$
—

Total
 
$
(1.0
)
$
(0.7
)
$
0.9