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Derivatives (Tables)
6 Months Ended
Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
The following table summarizes the reclassification of pre-tax derivative losses into net income from accumulated other comprehensive loss for those derivative instruments designated as cash flow hedges under Accounting Standards Codification 815 - Derivatives and Hedging (ASC 815):
 
 
 
 
Loss Reclassified During
 
Loss Expected to
 
 
Location of Loss
 
Three Months Ended
 
Six Months Ended
 
be Reclassified
 
 
  Reclassified into
 
June 30,
 
June 30,
 
During the
 
 
  Net Income
 
2016
 
2015
 
2016
 
2015
 
Next 12 Months
 
 
 
 
(in millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
Currency forward contracts
 
Cost of Goods Sold
 
$
(2.3
)
 
$
(2.3
)
 
$
(4.3
)
 
$
(3.8
)
 
$
(8.8
)
The following table summarizes the amount and location of losses recognized in the Condensed Consolidated Statements of Income for those derivative instruments not designated as hedging instruments under ASC 815:

 
 
 
 
Loss Recognized During
 
 
Location of Loss
 
Three Months Ended
 
Six Months Ended
 
 
 Recognized in
 
June 30,
 
June 30,
 
 
  Net Income
 
2016
 
2015
 
2016
 
2015
 
 
 
 
(in millions)
 
 
 
 
 
 
 
 
 
 
 
Currency forward contracts
 
Cost of Goods Sold
 
$
(2.2
)
 
$
(1.0
)
 
$
(2.7
)
 
$
(2.0
)
Currency forward contracts
 
Other Income, Net
 

 
(0.3
)
 
(0.7
)
 
(0.3
)