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Fair Value Measurements and Risk (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis
The following tables present the fair value hierarchy for financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 and 2012:
 
Fair Value Measurements at December 31, 2013 Using
Items Measured at Fair Value on a Recurring Basis
(In millions)
Total
 
Quoted Prices in
Active Markets
for Identical
Assets or
Liabilities
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets
 
 
 
 
 
 
 
Currency derivatives
$
2.1

 
$

 
$
2.1

 
$

Commodity derivatives

 

 

 

Total Assets
$
2.1

 
$

 
$
2.1

 
$

Liabilities
 
 
 
 
 
 
 
Currency derivatives
$
6.9

 
$

 
$
6.9

 
$

Commodity derivatives
0.1

 

 
0.1

 

Total Liabilities
$
7.0

 
$

 
$
7.0

 
$


 
Fair Value Measurements at December 31, 2012 Using
Items Measured at Fair Value on a Recurring Basis
(In millions)
Total
 
Quoted Prices in
Active Markets
for Identical
Assets or
Liabilities
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets
 
 
 
 
 
 
 
Currency derivatives
$
1.2

 
$

 
$
1.2

 
$

Commodity derivatives
0.2

 

 
0.2

 

Total Assets
$
1.4

 
$

 
$
1.4

 
$

Liabilities
 
 
 
 
 
 
 
Currency derivatives
$
5.1

 
$

 
$
5.1

 
$

Commodity derivatives
0.4

 

 
0.4

 

Total Liabilities
$
5.5

 
$

 
$
5.5

 
$

Schedule of the location and fair values of derivative instruments included in the Consolidated Balance Sheets
The following tables present the location and fair values of derivative instruments included in the Consolidated Balance Sheets as of December 31, 2013 and 2012:
 
Asset Derivatives
 
Liability Derivatives
Fair Values of Derivative Instruments at December 31, 2013
(In millions)
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
Derivatives designated as hedging instruments under ASC 815:
 
 
 
 
 
 
 
Commodity contracts
Other current assets
 
$

 
Other current liabilities
 
$
0.1

Currency contracts
Other current assets
 
1.0

 
Other current liabilities
 

Currency contracts
Other assets
 
1.0

 
Other liabilities
 

Derivatives not designated as hedging instruments under ASC 815:
 
 
 
 
 
 
 
Currency contracts
Other current assets
 
0.1

 
Other current liabilities
 
6.9

Total derivatives
 
 
$
2.1

 
 
 
$
7.0


 
Asset Derivatives
 
Liability Derivatives
Fair Values of Derivative Instruments at December 31, 2012
(In millions)
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
Derivatives designated as hedging instruments under ASC 815:
 
 
 
 
 
 
 
Commodity contracts
Other current assets
 
$
0.2

 
Other current liabilities
 
$
0.4

Currency contracts
Other current assets
 
1.2

 
Other current liabilities
 
0.2

Derivatives not designated as hedging instruments under ASC 815:
 
 
 
 
 
 
 
Currency contracts
Other current assets
 

 
Other current liabilities
 
4.9

Total derivatives
 
 
$
1.4

 
 
 
$
5.5

Schedule of the location and amount of gains and losses on derivative instruments included in the Consolidated Statements of Operations, or initially recognized in other comprehensive income (loss) ("OCI"), when applicable
The following tables present the location and amount of gains and losses on derivative instruments included in the Consolidated Statements of Operations or, when applicable, gains and losses initially recognized in other comprehensive income (loss) ("OCI") for the years ended December 31, 2013, 2012, and 2011:
The Effect of Derivative Instruments on the Consolidated Statement of Operations for the Year Ended December 31, 2013
(In millions)
Amount of Gain
or (Loss)
Recognized in
OCI on Derivatives
(Effective Portion)
 
Location of Gain
or (Loss)
Reclassified from
Accumulated OCI
into Income
(Effective Portion)
 
Amount of Gain
or (Loss)
Reclassified from
Accumulated OCI
into Income
(Effective Portion)
Derivatives in ASC 815 cash flow hedging relationships:
 
 
 
 
 
Currency contracts
$
2.0

 
Other expense
 
$
2.4

Currency contracts
(0.2
)
 
Cost of goods sold
 
(0.2
)
Commodity contracts
(0.3
)
 
Cost of goods sold
 
(0.4
)
Total derivatives
$
1.5

 
 
 
$
1.8

 
 
 
 
 
 
 
 
Location of Gain
or (Loss)
Recognized in
Income on
Derivatives
 
Amount of Gain
or (Loss)
Recognized in
Income on
Derivatives
Derivatives not designated as hedging instruments under ASC 815:
 
 
 
 
Currency contracts
 
Other expense
 
$
(10.9
)

The Effect of Derivative Instruments on the Consolidated Statement of Operations for the Year Ended December 31, 2012
(In millions)
Amount of Gain
or (Loss)
Recognized in
OCI on Derivatives
(Effective Portion)
 
Location of Gain
or (Loss)
Reclassified from
Accumulated OCI
into Income
(Effective Portion)
 
Amount of Gain
or (Loss)
Reclassified from
Accumulated OCI
into Income
(Effective Portion)
Derivatives in ASC 815 cash flow hedging relationships:
 
 
 
 
 
Currency contracts
$
1.4

 
Other expense
 
$
1.6

Currency contracts
0.2

 
Cost of goods sold
 
(0.1
)
Commodity contracts
(2.3
)
 
Cost of goods sold
 
(5.9
)
Total derivatives
$
(0.7
)
 
 
 
$
(4.4
)
 
 
 
 
 
 
 
 
Location of Gain
or (Loss)
Recognized in
Income on
Derivatives
 
Amount of Gain
or (Loss)
Recognized in
Income on
Derivatives
Derivatives not designated as hedging instruments under ASC 815:
 
 
 
 
Currency contracts
 
Other expense
 
$
(4.4
)

The Effect of Derivative Instruments on the Consolidated Statement of Operations for the Year Ended December 31, 2011
(In millions)
Amount of Gain
or (Loss)
Recognized in
OCI on Derivatives
(Effective Portion)
 
Location of Gain
or (Loss)
Reclassified from
Accumulated OCI
into Income
(Effective Portion)
 
Amount of Gain
or (Loss)
Reclassified from
Accumulated OCI
into Income
(Effective Portion)
Derivatives in ASC 815 cash flow hedging relationships:
 
 
 
 
 
Currency contracts
$
(0.2
)
 
Cost of goods sold
 
$
0.1

Commodity contracts
(5.7
)
 
Cost of goods sold
 
(2.8
)
Total derivatives
$
(5.9
)
 
 
 
$
(2.7
)
 
 
 
 
 
 
 
 
Location of Gain
or (Loss)
Recognized in
Income on
Derivatives
 
Amount of Gain
or (Loss)
Recognized in
Income on
Derivatives
Derivatives not designated as hedging instruments under ASC 815:
 
 
 
 
Currency contracts
 
Other expense
 
$
9.0