Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments and Hedging Activities (Tables)

v3.10.0.1
Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2018
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Gains (Losses) Relating to Derivative Instruments Recorded in Other Comprehensive (loss) Income

The following table summarizes gains (losses) relating to derivative instruments recorded in other comprehensive (loss) income during the three and nine months ended September 30, 2018 and 2017:

 

 

 

Amount of Loss Recognized in Other Comprehensive (Loss) Income

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

2018

 

 

September 30,

2017

 

 

September 30,

2018

 

 

September 30,

2017

 

 

 

(in millions)

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange currency contracts relating to inventory

    and intercompany management fee hedges

 

$

(6.0

)

 

$

(0.3

)

 

$

(5.5

)

 

$

(10.8

)

 
Gains (Losses) Relating to Derivative Instruments Recorded to Income

The following table summarizes gains (losses) relating to derivative instruments recorded to income during the three and nine months ended September 30, 2018 and 2017:

 

 

 

Amount of Loss Recognized in Income

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

 

 

September 30,

2018

 

 

September 30,

2017

 

 

September 30,

2018

 

 

September 30,

2017

 

 

Location of Loss Recognized in Income

 

 

(in millions)

 

 

 

Derivatives designated as hedging

    instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange currency contracts

    relating to inventory and

    intercompany management fee

    hedges(1)

 

$

(1.0

)

 

$

(2.6

)

 

$

(3.2

)

 

$

(1.4

)

 

Selling, general, and administrative expenses

Derivatives not designated as hedging

    instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange currency contracts

 

$

(0.7

)

 

$

(0.5

)

 

$

(2.3

)

 

$

(7.0

)

 

Selling, general, and administrative expenses

 

(1)

For foreign exchange contracts designated as hedging instruments, the amounts recognized in income primarily represent the amounts excluded from the assessment of hedge effectiveness. There were no material ineffective amounts reported for derivatives designated as hedging instruments.
Gains (Losses) Relating to Derivative Instruments Reclassified from Accumulated Other Comprehensive Loss into Income Effective Portion

The following table summarizes gains (losses) relating to derivative instruments reclassified from accumulated other comprehensive loss into income during the three and nine months ended September 30, 2018 and 2017:

 

 

 

Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss to Income

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

 

 

September 30,

2018

 

 

September 30,

2017

 

 

September 30,

2018

 

 

September 30,

2017

 

 

Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss to Income

(Effective Portion)

 

 

(in millions)

 

 

 

Derivatives designated as hedging

    instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange currency contracts

    relating to inventory hedges

 

$

1.2

 

 

$

(1.3

)

 

$

3.2

 

 

$

0.3

 

 

Cost of sales

Foreign exchange currency contracts

    relating to intercompany management

    fee hedges

 

$

(0.4

)

 

$

(1.5

)

 

$

(4.4

)

 

$

(0.6

)

 

Selling, general, and administrative expenses