Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Changes in Components of Other Comprehensive Income, Net of Tax

The following table shows the changes in the components of OCI, net of tax (in millions):

	Foreign Currency Translation			Cash Flow Hedges			Unrealized Gains on Securities			Defined Benefit Plan Items
Balance December 31, 2014	$	111.8		$	70.1		$	(0.4	)	$	(143.4	)
OCI before reclassifications		(276.6	)		43.4			0.5			4.7
Reclassifications		—			(69.7	)		—			6.5
Balance September 30, 2015	$	(164.8	)	$	43.8		$	0.1		$	(132.2	)

Reclassification Adjustments from Accumulated Other Comprehensive Income

The following table shows the reclassification adjustments from OCI (in millions):

Component of OCI	Amount of Gain / (Loss) Reclassified from OCI												Location on Statement of Earnings
	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Cash flow hedges
Foreign exchange forward contracts	$	30.5		$	8.7		$	91.7		$	20.4		Cost of products sold
Foreign exchange options		—			(0.1	)		—			(0.3	)	Cost of products sold
Forward starting interest rate swaps		(0.4	)		—			(0.9	)		—		Interest expense
		30.1			8.6			90.8			20.1		Total before tax
		7.1			3.6			21.1			10.4		Provision for income taxes
	$	23.0		$	5.0		$	69.7		$	9.7		Net of tax
Investments
Realized gains on securities	$	—		$	—		$	—		$	0.4		Interest income
		—			—			—			—		Provision for income taxes
	$	—		$	—		$	—		$	0.4		Net of tax
Defined benefit plans
Prior service cost	$	1.1		$	1.0		$	3.4		$	2.9		*
Unrecognized actuarial (loss)		(5.0	)		(2.9	)		(13.5	)		(8.6	)	*
		(3.9	)		(1.9	)		(10.1	)		(5.7	)	Total before tax
		(2.8	)		0.2			(3.6	)		(1.9	)	Provision for income taxes
	$	(1.1	)	$	(2.1	)	$	(6.5	)	$	(3.8	)	Net of tax
Total reclassifications	$	21.9		$	2.9		$	63.2		$	6.3		Net of tax

* These OCI components are included in the computation of net periodic pension expense (see Note 14).

Tax Effects on Each Component of Other Comprehensive Income Recognized in Statements of Comprehensive Income

The following table shows the tax effects on each component of OCI recognized in our condensed consolidated statements of comprehensive income (in millions):

	Three Months Ended September 30, 2015									Nine Months Ended September 30, 2015
	Before Tax			Tax			Net of Tax			Before Tax			Tax			Net of Tax
Foreign currency cumulative translation adjustments	$	(137.0	)	$	—		$	(137.0	)	$	(276.6	)	$	—		$	(276.6	)
Unrealized cash flow hedge gains/(losses)		7.3			3.2			4.1			48.0			4.6			43.4
Reclassification adjustments on foreign currency hedges		(30.1	)		(7.1	)		(23.0	)		(90.8	)		(21.1	)		(69.7	)
Unrealized gains/(losses) on securities		—			—			—			0.5			—			0.5
Adjustments to prior service cost and unrecognized actuarial assumptions		9.3			3.5			5.8			15.5			4.3			11.2
Total Other Comprehensive Gain/(Loss)	$	(150.5	)	$	(0.4	)	$	(150.1	)	$	(303.4	)	$	(12.2	)	$	(291.2	)

	Three Months Ended September 30, 2014									Nine Months Ended September 30, 2014
	Before Tax			Tax			Net of Tax			Before Tax			Tax			Net of Tax
Foreign currency cumulative translation adjustments	$	(132.4	)	$	—		$	(132.4	)	$	(128.8	)	$	—		$	(128.8	)
Unrealized cash flow hedge gains/(losses)		62.8			12.9			49.9			47.3			8.8			38.5
Reclassification adjustments on foreign currency hedges		(8.6	)		(3.6	)		(5.0	)		(20.1	)		(10.4	)		(9.7	)
Unrealized gains/(losses) on securities		—			—			—			0.2			—			0.2
Reclassification adjustments on securities		—			—			—			(0.4	)		—			(0.4	)
Adjustments to prior service cost and unrecognized actuarial assumptions		1.9			(0.2	)		2.1			5.7			—   1.9			3.8
Total Other Comprehensive Gain/(Loss)	$	(76.3	)	$	9.1		$	(85.4	)	$	(96.1	)	$	0.3		$	(96.4	)