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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2021
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,
2021		December 31,
2020
Instrument (1)
Balance Sheet AccountDerivatives designated as hedgesDerivatives not designated as hedgesDerivatives designated as hedgesDerivatives not designated as hedges
Foreign exchange contractsOther current assets$(0.1)$0.7 $— $— 
Commodity swapsOther current assets4.3 — 7.2 — 
Commodity swapsOther non-current assets— — 0.3 — 
Cross currency swaps - net investment hedgeOther current liabilities(0.5)— (2.0)— 
Interest rate capsOther current liabilities— — (1.2)— 
Commodity swapsOther current liabilities(1.1)— — — 
Cross currency swaps - net investment hedgeOther non-current liabilities(2.4)— (8.2)— 
Interest rate capsOther non-current liabilities— — (2.6)— 
Net derivative asset (liability)$0.2 $0.7 $(6.5)$— 
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 taxGain (Loss) Reclassified from AOCI into Income
Year Ended December 31,Year Ended December 31,
Instrument
2021
2020
2019Income Statement Account
2021
2020
2019
Foreign exchange contracts$(0.1)$(0.6)$2.7 Cost of goods sold$0.1 $(2.1)$(5.5)
Commodity swaps2.4 7.0 $0.3 Cost of goods sold15.6 (2.4)(2.8)
Cross currency swaps - cash flow hedge— — 0.6 Other income (expense) - net— — 1.1 
Cross currency swaps - net investment hedges4.8 (8.8)— Selling, general and administrative expenses— — — 
Interest rate caps2.9 (2.8)— Interest expense(1.2)(0.4)— 
Total$10.0 $(5.2)$3.6 Total$14.5 $(4.9)$(7.2)
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 soldInterest ExpenseOther income (expense) - net
Year Ended December 31,
2021
2020
2019
2021
2020
2019
2021
2020
2019
Income Statement Accounts in which effects of cash flow hedges are recorded$(3,129.4)$(2,537.1)$(3,465.3)$(51.5)$(65.9)$(87.9)$13.0 $4.9 $(6.1)
Gain (Loss) Reclassified from AOCI into Income (Loss):
Foreign exchange contracts0.1 (2.1)(5.5)— — — — — — 
Commodity swaps15.6 (2.4)(2.8)— — — — — — 
Cross currency swaps - cash flow hedge— — — — — — — — 1.1 
Interest rate caps— — — (1.2)(0.4)— — — — 
Amount excluded from effectiveness testing recognized in Income (Loss) based on amortization approach:
Cross currency swaps - net investment hedge— — — 0.6 0.5 — — — — 
Total$15.7 $(4.5)$(8.3)$(0.6)$0.1 $— $— $— $1.1 
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,
InstrumentIncome Statement Account202120202019
Foreign exchange contractsCost of goods sold$(0.5)$0.6 $— 
Foreign exchange contractsOther income (expense) – net0.5 — (0.2)
Debt conversion feature (1)
Other income (expense) – net— — (0.5)
Total$— $0.6 $(0.7)