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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2015
Derivative Instruments and Hedges, Assets [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
Foreign exchange rate instruments embedded in purchase and sale contracts—The purpose of these instruments is to match offsetting currency payments and receipts for particular projects, or comply with government restrictions on the currency used to purchase goods in certain countries. At September 30, 2015, our portfolio of these instruments included the following material positions:
 
Notional Amount
Bought (Sold)
(In millions)
 
 
USD Equivalent
Brazilian real
(101.6
)
 
(24.7
)
Euro
14.1

 
15.8

Norwegian krone
(130.8
)
 
(15.4
)
U.S. dollar
28.5

 
28.5

Foreign exchange rate forward contracts—The purpose of these instruments is to hedge the risk of changes in future cash flows of anticipated purchase or sale commitments denominated in foreign currencies. At September 30, 2015, we held the following material positions:
 
Notional Amount
Bought (Sold)
(In millions)
 
 
USD Equivalent
Australian dollar
35.4

 
24.9

Brazilian real
428.4

 
104.1

British pound
56.9

 
86.5

Canadian dollar
(167.7
)
 
(125.2
)
Euro
151.6

 
169.6

Malaysian ringgit
187.4

 
42.6

Norwegian krone
2,173.3

 
255.1

Russian ruble
1,332.7

 
20.1

Singapore dollar
220.7

 
154.9

U.S. dollar
(954.6
)
 
(954.6
)
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
 
September 30, 2015
 
December 31, 2014
(In millions)
Assets
 
Liabilities
 
Assets
 
Liabilities
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
Foreign exchange contracts:
 
 
 
 
 
 
 
Current – Derivative financial instruments
$
265.5

 
$
392.5

 
$
172.1

 
$
207.1

Long-term – Derivative financial instruments
95.0

 
168.2

 
129.4

 
214.6

Total derivatives designated as hedging instruments
360.5

 
560.7

 
301.5

 
421.7

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
Foreign exchange contracts:
 
 
 
 
 
 
 
Current – Derivative financial instruments
52.0

 
50.4

 
25.5

 
23.1

Long-term – Derivative financial instruments
5.8

 
7.0

 
5.5

 
5.6

Total derivatives not designated as hedging instruments
57.8

 
57.4

 
31.0

 
28.7

Total derivatives
$
418.3

 
$
618.1

 
$
332.5

 
$
450.4
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
 
Gain (Loss) Recognized in
OCI (Effective Portion)
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions)
2015
 
2014
 
2015
 
2014
Foreign exchange contracts
$
(41.5
)
 
$
(51.6
)
 
(63.8
)
 
(60.5
)
Derivative Instruments, Gain (Loss) in Income
Location of Gain (Loss) Recognized in Income
Gain (Loss) Recognized in Income on 
Derivatives (Instruments Not Designated as Hedging Instruments)
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions)
2015
 
2014
 
2015
 
2014
Foreign exchange contracts:
 
 
 
 
 
 
 
Revenue
$
(1.1
)
 
$
(1.3
)
 
$
(6.4
)
 
$
(3.3
)
Cost of sales
0.5

 
—

 
2.0

 
0.3

Other income (expense), net (1)
13.3

 
12.5

 
34.3

 
10.2

Total
$
12.7

 
$
11.2

 
$
29.9

 
$
7.2

Location of Gain (Loss) Reclassified from 
Accumulated OCI into Income
Gain (Loss) Reclassified from Accumulated
OCI into Income (Effective Portion)
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions)
2015
 
2014
 
2015
 
2014
Foreign exchange contracts:
 
 
 
 
 
 
 
Revenue
$
(29.9
)
 
$
(12.2
)
 
$
(91.6
)
 
$
(27.0
)
Cost of sales
17.8

 
9.1

 
36.8

 
29.4

Selling, general and administrative expense
(0.4
)
 
—

 
(1.3
)
 
—

Research and development expense
0.1

 
—

 
—

 
—

Net interest expense
(1.8
)
 
—

 
0.1

 
—

Total
$
(14.2
)
 
$
(3.1
)
 
$
(56.0
)
 
$
2.4

 
 
 
 
 
 
 
 
Location of Gain (Loss) Recognized in Income
Gain (Loss) Recognized in Income (Ineffective Portion
and Amount Excluded from Effectiveness Testing)
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions)
2015
 
2014
 
2015
 
2014
Foreign exchange contracts:
 
 
 
 
 
 
 
Revenue
$
4.4

 
$
7.2

 
$
11.3

 
$
15.9

Cost of sales
(4.1
)
 
(5.9
)
 
(14.4
)
 
(19.0
)
Net interest expense
—

 
—

 
(0.1
)
 
—

Total
$
0.3

 
$
1.3

 
$
(3.2
)
 
$
(3.1
)
Offsetting Assets
 
September 30, 2015
 
December 31, 2014
(In millions)
Gross Amount Recognized
 
Gross Amounts Not Offset Permitted Under Master Netting Agreements
 
Net Amount
 
Gross Amount Recognized
 
Gross Amounts Not Offset Permitted Under Master Netting Agreements
 
Net Amount
Derivative assets
$
418.3

 
$
(401.9
)
 
$
16.4

 
$
332.5

 
$
(321.5
)
 
$
11.0
Offsetting Liabilities
 
September 30, 2015
 
December 31, 2014
(In millions)
Gross Amount Recognized
 
Gross Amounts Not Offset Permitted Under Master Netting Agreements
 
Net Amount
 
Gross Amount Recognized
 
Gross Amounts Not Offset Permitted Under Master Netting Agreements
 
Net Amount
Derivative liabilities
$
618.1

 
$
(401.9
)
 
$
216.2

 
$
450.4

 
$
(321.5
)
 
$
128.9