Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2016

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 (Losses) Gains on Securities			Defined Benefit Plan Items
Balance at December 31, 2015	$	(193.4	)	$	29.8		$	(0.6	)	$	(164.8	)
OCI before reclassifications		134.2			(44.1	)		0.4			18.0
Reclassifications		—			(24.4	)		—			2.0
Balance at March 31, 2016	$	(59.2	)	$	(38.7	)	$	(0.2	)	$	(144.8	)

Reclassification Adjustments from Accumulated Other Comprehensive Income

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

	Amount of Gain (Loss) Reclassified from OCI
	Three Months Ended March 31,						Location on Statement of Earnings
Component of OCI	2016			2015
Cash flow hedges
Foreign exchange forward contracts	$	32.1		$	28.1		Cost of products sold
Forward starting interest rate swaps		(0.4	)		(0.1	)	Interest expense
		31.7			28.0		Total before tax
		7.3			6.4		Provision for income taxes
	$	24.4		$	21.6		Net of tax
Defined benefit plans
Prior service cost	$	1.9		$	1.1		*
Unrecognized actuarial (loss)		(5.0	)		(4.3	)	*
		(3.1	)		(3.2	)	Total before tax
		(1.1	)		0.7		(Benefit) provision for income taxes
	$	(2.0	)	$	(3.9	)	Net of tax
Total reclassifications	$	22.4		$	17.7		Net of tax

* These OCI components are included in the computation of net periodic pension expense (see Note 13).

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 March 31, 2016
	Before Tax			Tax			Net of Tax
Foreign currency cumulative translation adjustments	$	134.2		$	—		$	134.2
Unrealized cash flow hedge losses		(56.5	)		(12.4	)		(44.1	)
Reclassification adjustments on foreign currency hedges		(31.7	)		(7.3	)		(24.4	)
Unrealized gains on securities		0.4			—			0.4
Adjustments to prior service cost and unrecognized actuarial assumptions		21.4			1.4			20.0
Total Other Comprehensive Gain (Loss)	$	67.8		$	(18.3	)	$	86.1
	Three Months Ended March 31, 2015
	Before Tax			Tax			Net of Tax
Foreign currency cumulative translation adjustments	$	(149.9	)	$	—		$	(149.9	)
Unrealized cash flow hedge gains (losses)		51.7			(0.7	)		52.4
Reclassification adjustments on foreign currency hedges		(28.0	)		(6.4	)		(21.6	)
Unrealized gains on securities		0.6			—			0.6
Adjustments to prior service cost and unrecognized actuarial assumptions		3.2			(0.7	)		3.9
Total Other Comprehensive Loss	$	(122.4	)	$	(7.8	)	$	(114.6	)