Annual report pursuant to Section 13 and 15(d)

Derivative Financial Instruments (Tables)

v3.20.4
Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of the Fair Value of Derivative Assets and Liabilities
The following table presents the classification of derivative assets and liabilities within the Consolidated Balance Sheets. The foreign exchange contracts outstanding are presented gross as we have not netted derivative assets with derivative liabilities:
December 31, 2020 December 31, 2019
Assets
Liabilities
Assets
Liabilities
Derivatives designated as cash flow hedging instruments:
Foreign exchange contracts $   $ 1.0  $ —  $ 0.4 
Derivatives not designated as hedging instruments:
Foreign exchange contracts   0.1  —  0.3 
Total $   $ 1.1  $ —  $ 0.7 
Summary of Derivative Gain (Loss)
The following tables summarize the impact of the effective portion of derivative instruments on the Consolidated Statements of Operations and Comprehensive Income (Loss):
Gains (losses) recognized in other comprehensive income (loss) (Losses) gains reclassified from
AOCI
Year Ended December 31,
Year Ended December 31,
2020 2019 2018 2020 2019 2018
Cash flow hedges:
Foreign exchange contracts $ 0.3  $ (0.8) $ 2.0  $ (0.2) $ 0.7  $ (0.3)
Gains recognized in income
Year Ended December 31,
2020 2019 2018
Non-designated hedges:
Foreign exchange contracts $ 0.3  $ 0.1  $ 1.5 
Derivative assets are classified within prepaid expenses and other current assets as well as other non-current assets on the Consolidated Balance Sheets. Derivative liabilities are classified within accounts payable and accrued expenses as well as other long-term liabilities on the Consolidated Balance Sheets. Gains (losses) from derivatives were included in net sales and cost of goods sold on the Consolidated Statements of Operations.