Annual report pursuant to Section 13 and 15(d)

Derivative Instruments and Hedging Activities - Effect of Cash Flow Hedging Relationships on Consolidated Statements of Income (Detail)

v3.24.0.1
Derivative Instruments and Hedging Activities - Effect of Cash Flow Hedging Relationships on Consolidated Statements of Income (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Derivative Instruments Gain Loss [Line Items]      
Cost of sales $ 1,191.0 $ 1,173.6 $ 1,239.3
Selling, general, and administrative expenses [1] 1,866.0 1,810.4 2,012.1
Interest expense 165.9 139.3 153.1
Foreign Exchange Currency Contracts Relating To Inventory Hedges [Member] | Cost of sales [Member]      
Derivative Instruments Gain Loss [Line Items]      
Amount of gain (loss) reclassified from accumulated other comprehensive loss to income (7.6) (5.3) (2.4)
Amount of gain (loss) excluded from assessment of effectiveness recognized in income (5.7) (6.2) (3.6)
Foreign Exchange Currency Contracts Relating To Inventory Hedges [Member] | Selling, General and Administrative Expenses [Member]      
Derivative Instruments Gain Loss [Line Items]      
Amount of gain (loss) reclassified from accumulated other comprehensive loss to income 0.0 0.0 0.0
Amount of gain (loss) excluded from assessment of effectiveness recognized in income 0.0 0.0 0.0
Foreign Exchange Currency Contracts Relating To Inventory Hedges [Member] | Interest expense [Member]      
Derivative Instruments Gain Loss [Line Items]      
Amount of gain (loss) reclassified from accumulated other comprehensive loss to income 0.0 0.0 0.0
Amount of gain (loss) excluded from assessment of effectiveness recognized in income 0.0 0.0 0.0
Foreign Exchange Currency Contracts Relating To Intercompany Management Fee Hedges | Cost of sales [Member]      
Derivative Instruments Gain Loss [Line Items]      
Amount of gain (loss) reclassified from accumulated other comprehensive loss to income 0.0 0.0 0.0
Amount of gain (loss) excluded from assessment of effectiveness recognized in income 0.0 0.0 0.0
Foreign Exchange Currency Contracts Relating To Intercompany Management Fee Hedges | Selling, General and Administrative Expenses [Member]      
Derivative Instruments Gain Loss [Line Items]      
Amount of gain (loss) reclassified from accumulated other comprehensive loss to income (0.8) 2.1 (0.2)
Amount of gain (loss) excluded from assessment of effectiveness recognized in income 0.4 0.4 0.1
Foreign Exchange Currency Contracts Relating To Intercompany Management Fee Hedges | Interest expense [Member]      
Derivative Instruments Gain Loss [Line Items]      
Amount of gain (loss) reclassified from accumulated other comprehensive loss to income 0.0 0.0 0.0
Amount of gain (loss) excluded from assessment of effectiveness recognized in income 0.0 0.0 0.0
Interest Rate Swap [Member] | Cost of sales [Member]      
Derivative Instruments Gain Loss [Line Items]      
Amount of gain (loss) reclassified from accumulated other comprehensive loss to income 0.0 0.0 0.0
Amount of gain (loss) excluded from assessment of effectiveness recognized in income 0.0 0.0 0.0
Interest Rate Swap [Member] | Selling, General and Administrative Expenses [Member]      
Derivative Instruments Gain Loss [Line Items]      
Amount of gain (loss) reclassified from accumulated other comprehensive loss to income 0.0 0.0 0.0
Amount of gain (loss) excluded from assessment of effectiveness recognized in income 0.0 0.0 0.0
Interest Rate Swap [Member] | Interest expense [Member]      
Derivative Instruments Gain Loss [Line Items]      
Amount of gain (loss) reclassified from accumulated other comprehensive loss to income 0.3 0.2 (0.9)
Amount of gain (loss) excluded from assessment of effectiveness recognized in income $ 0.0 $ 0.0 $ 0.0
[1] Contribution margin consists of net sales less cost of sales and Royalty overrides. For the China segment, contribution margin does not include the portion of service fees to China independent service providers that is included in selling, general, and administrative expenses, which totaled $165.0 million, $196.2 million, and $350.1 million for the years ended December 31, 2023, 2022, and 2021, respectively.