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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 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 conduct business in internationally recognized and traded currencies. At December 31, 2015, our portfolio of these instruments included the following material net positions: 
 
Net Notional Amount
Bought (Sold)
(In millions)
 
 
USD Equivalent
Brazilian real
(84.3
)
 
(21.6
)
Euro
13.1

 
14.3

Norwegian krone
(131.5
)
 
(14.9
)
U.S. dollar
24.8

 
24.8

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 and recorded assets and liabilities in our consolidated balance sheets. At December 31, 2015, we held the following material net positions: 
 
Net Notional Amount
Bought (Sold)
(In millions)
 
 
USD Equivalent
Brazilian real
270.5

 
69.3

British pound
83.4

 
123.6

Canadian dollar
(195.8
)
 
(141.1
)
Euro
151.6

 
165.0

Malaysian ringgit
194.0

 
45.2

Norwegian krone
2,199.9

 
249.5

Singapore dollar
213.4

 
150.7

U.S. dollar
(889.7
)
 
(889.7
)
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table presents the location and fair value amounts of derivative instruments reported in the consolidated balance sheets. 
 
December 31, 2015
 
December 31, 2014
(In millions)
Assets
 
Liabilities
 
Assets
 
Liabilities
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
Foreign exchange contracts:
 
 
 
 
 
 
 
Current – Derivative financial instruments
$
345.6

 
$
526.2

 
$
172.1

 
$
207.1

Long-term – Derivative financial instruments
0.1

 
0.5

 
129.4

 
214.6

Total derivatives designated as hedging instruments
345.7

 
526.7

 
301.5

 
421.7

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
Foreign exchange contracts:
 
 
 
 
 
 
 
Current – Derivative financial instruments
26.3

 
28.7

 
25.5

 
23.1

Long-term – Derivative financial instruments
—

 
—

 
5.5

 
5.6

Total derivatives not designated as hedging instruments
26.3

 
28.7

 
31.0

 
28.7

Total derivatives
$
372.0

 
$
555.4

 
$
332.5

 
$
450.4
Derivative Instruments, Effect on Other Comprehensive Income (Loss)
 
Gain (Loss) Recognized in OCI (Effective Portion)
 
Year Ended December 31,
(In millions)
2015
 
2014
 
2013
Foreign exchange contracts
$
(83.5
)
 
$
(137.1
)
 
$
24.1
Derivative Instruments, Gain (Loss)
Location of Gain (Loss) Reclassified from Accumulated OCI into Income
Gain (Loss) Reclassified From Accumulated
OCI into Income (Effective Portion)
 
Year Ended December 31,
(In millions)
2015
 
2014
 
2013
Foreign exchange contracts:
 
 
 
 
 
Revenue
$
(122.8
)
 
$
(36.2
)
 
$
(11.7
)
Cost of sales
53.9

 
34.2

 
14.8

Selling, general and administrative expense
(1.7
)
 
(0.2
)
 
—

Research and development expense
0.1

 
—

 
—

Interest expense
0.1

 
—

 
—

Total
$
(70.4
)
 
$
(2.2
)
 
$
3.1

Location of Gain (Loss) Recognized in Income
Gain (Loss) Recognized in Income (Ineffective Portion
and Amount Excluded from Effectiveness Testing)
 
Year Ended December 31,
(In millions)
2015
 
2014
 
2013
Foreign exchange contracts:
 
 
 
 
 
Revenue
$
14.2

 
$
24.7

 
$
2.7

Cost of sales
(17.3
)
 
(24.9
)
 
(11.0
)
Total
$
(3.1
)
 
$
(0.2
)
 
$
(8.3
)
.
Location of Gain (Loss) Recognized in Income
Gain (Loss) Recognized in Income on
Derivatives (Instruments Not Designated
as Hedging Instruments)
 
Year Ended December 31,
(In millions)
2015
 
2014
 
2013
Foreign exchange contracts:
 
 
 
 
 
Revenue
$
(11.1
)
 
$
(4.0
)
 
$
0.6

Cost of sales
2.8

 
0.7

 
(0.2
)
Other income (expense), net (1)
43.4

 
35.4

 
(15.0
)
Total
$
35.1

 
$
32.1

 
$
(14.6
)
Offsetting Assets
 
December 31, 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
$
372.0

 
$
(355.0
)
 
$
17.0

 
$
332.5

 
$
(321.5
)
 
$
11.0
Offsetting Liabilities
 
December 31, 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
$
555.4

 
$
(355.0
)
 
$
200.4

 
$
450.4

 
$
(321.5
)
 
$
128.9