DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020				December 31, 2019
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	$	—	$	—	$	4.1	$	—
Commodity swaps	Other current assets	7.2		—		—		—
Commodity swaps	Other non-current assets	0.3		—		—		—
Foreign exchange contracts	Other current liabilities	—		—		(3.9)		—
Cross currency swaps - net investment hedge	Other current liabilities	(2.0)		—		—		—
Interest rate caps	Other current liabilities	(1.2)		—		—		—
Cross currency swaps - net investment hedge	Other non-current liabilities	(8.2)		—		—		—
Interest rate caps	Other non-current liabilities	(2.6)		—		—		—
Net derivative asset (liability)		$	(6.5)	$	—	$	0.2	$	—

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
	Year Ended December 31,							Year Ended December 31,
Instrument	2020		2019		2018		Income Statement Account	2020		2019		2018
Foreign exchange contracts	$	(0.6)	$	2.7	$	(5.4)	Cost of goods sold	$	(2.1)	$	(5.5)	$	(1.4)
Commodity swaps	7.0		0.3		$	(1.2)	Cost of goods sold	(2.4)		(2.8)		(0.2)
Cross currency swaps - cash flow hedge	—		0.6		0.1		Other income (expense) - net	—		1.1		2.1
Cross currency swaps - net investment hedges	(8.8)		—		—		Selling, general and administrative expenses	—		—		—
Interest rate caps	(2.8)		—		—		Interest expense	(0.4)		—		—
Total	$	(5.2)	$	3.6	$	(6.5)	Total	$	(4.9)	$	(7.2)	$	0.5

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						Interest Expense						Other income (expense) - net
	Year Ended December 31,
	2020		2019		2018		2020		2019		2018		2020		2019		2018
Income Statement Accounts in which effects of cash flow hedges are recorded	$	(2,537.1)	$	(3,465.3)	$	(3,555.3)	$	(65.9)	$	(87.9)	$	(72.8)	$	4.9	$	(6.1)	$	(60.6)
Gain (Loss) Reclassified from AOCI into Income (Loss):
Foreign exchange contracts	(2.1)		(5.5)		(1.4)		—		—		—		—		—		—
Commodity swaps	(2.4)		(2.8)		(0.2)		—		—		—		—		—		—
Cross currency swaps - cash flow hedge	—		—		—		—		—		—		—		1.1		2.1
Interest rate caps	—		—		—		(0.4)		—		—		—		—		—
Amount excluded from effectiveness testing recognized in Income (Loss) based on amortization approach:
Cross currency swaps - net investment hedge	—		—		—		0.5		—		—		—		—		—
Total	$	(4.5)	$	(8.3)	$	(1.6)	$	0.1	$	—	$	—	$	—	$	1.1	$	2.1

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 Statement of Income (Loss) (in millions):

		Year Ended December 31,
Instrument	Income Statement Account	2020		2019		2018
Foreign exchange contracts	Cost of goods sold	$	0.6	$	—	$	—
Foreign exchange contracts	Other income (expense) – net	$	—	$	(0.2)	(0.1)
Debt conversion feature (1)	Other income (expense) – net	$	—	$	(0.5)	(0.9)
Total		$	0.6	$	(0.7)	$	(1.0)