Financial Instruments and Fair Value Measurement (Tables)
 3 Months Ended
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of interest rate swap positions The following table summarizes the Company's current interest rate swap positions for each period presented as of March 31, 2020:
StartEnd(In Millions)
Notional Amount 		Weighted Average Interest Rate
04/03/201810/01/2020$150.02.36%
12/03/201801/01/2022$120.02.92%
12/03/201801/04/2022$80.02.79%
Fair value of derivative instruments The following table summarizes the fair value of the Company’s derivative instruments:
Derivative Assets(a)
Derivative Liabilities(b)
March 31, December 31,March 31, December 31,
In millions2020201920202019
Derivatives designated as hedging instruments:
Interest rate contracts  $—  $—  $11.1  $6.6  
Foreign currency contracts  1.1  —  —  1.5  
Commodity contracts
—  —  2.9  3.4  
Total Derivatives
$1.1  $—  $14.0  $11.5  
(a) Derivative assets of $1.1 million are included in Other Current Assets as of March 31, 2020.

(b) Derivative liabilities of $9.7 million and $8.5 million are included in Other Accrued Liabilities as of March 31, 2020 and December 31, 2019, respectively. Derivative liabilities of $4.3 million and $3.0 million are included in Other Noncurrent Liabilities as of March 31, 2020 and December 31, 2019, respectively.
Pre-tax effect of derivative instruments designated as hedges
The pre-tax effect of derivative instruments in cash flow hedging relationships on the Company’s Condensed Consolidated Statements of Operations is as follows:
Amount of (Gain) Loss Recognized in Accumulated Other Comprehensive LossLocation in Statement of OperationsAmount of (Gain) Loss Recognized in Statement of Operations
Three Months Ended March 31,Three Months Ended March 31,
In millions2020201920202019
Commodity Contracts$(3.6) $(0.9) Cost of Sales$(3.1) $0.1  
Foreign Currency Contracts(2.8) (1.1) Other Expense, Net(0.4) (0.7) 
Interest Rate Swap Agreements5.5  2.0  Interest Expense, Net0.9  —  
Total$(0.9) $—  $(2.6) $(0.6) 
Pre-tax effect of derivative instruments not designated as hedges
The effect of derivative instruments not designated as hedging instruments on the Company’s Condensed Consolidated Statements of Operations for the years ended March 31, 2020 and 2019 is as follows:

Three Months Ended March 31,
In millions20202019
Foreign Currency ContractsOther Expense, Net$5.5  $(0.1) 
Rollforward of pre-tax derivative Accumulated Other Comprehensive Loss
The following is a rollforward of pre-tax Accumulated Derivative Instruments (Loss) Income which is included in the Company’s Condensed Consolidated Balance Sheet as of March 31, 2020:

In millions
Balance at December 31, 2019$(10.9) 
Reclassification to Earnings(2.6) 
Current Period Change in Fair Value0.9  
Balance at March 31, 2020$(12.6)