Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Changes in Components of Accumulated Other Comprehensive Income, Net of Tax

The following table shows the changes in the components of AOCI, 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	)
AOCI before reclassifications		55.6			(43.3	)		0.4			17.3
Reclassifications		—			(44.1	)		—			3.8
Balance at June 30, 2016	$	(137.8	)	$	(57.6	)	$	(0.2	)	$	(143.7	)

Reclassification Adjustments from Accumulated Other Comprehensive Income

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

	Amount of Gain (Loss) Reclassified from AOCI
	Three Months Ended June 30,						Six Months Ended June 30,						Location on Statement of Earnings
Component of AOCI	2016			2015			2016			2015
Cash flow hedges
Foreign exchange forward contracts	$	26.3		$	33.1		$	58.4		$	61.2		Cost of products sold
Forward starting interest rate swaps		(0.5	)		(0.4	)		(0.9	)		(0.5	)	Interest expense
		25.8			32.7			57.5			60.7		Total before tax
		6.1			7.6			13.4			14.0		Provision (benefit) for income taxes
	$	19.7		$	25.1		$	44.1		$	46.7		Net of tax
Defined benefit plans
Prior service cost	$	2.0		$	1.2		$	3.9		$	2.3		*
Unrecognized actuarial (loss)		(5.0	)		(4.2	)		(10.0	)		(8.5	)	*
		(3.0	)		(3.0	)		(6.1	)		(6.2	)	Total before tax
		(1.2	)		(1.5	)		(2.3	)		(0.8	)	Provision (benefit) for income taxes
	$	(1.8	)	$	(1.5	)	$	(3.8	)	$	(5.4	)	Net of tax
Total reclassifications	$	17.9		$	23.6		$	40.3		$	41.3		Net of tax

* These AOCI components are included in the computation of net periodic pension expense (see Note 12).

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

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

	Three Months Ended June 30, 2016									Six Months Ended June 30, 2016
	Before Tax			Tax			Net of Tax			Before Tax			Tax			Net of Tax
Foreign currency cumulative translation adjustments	$	(78.6	)	$	—		$	(78.6	)	$	55.6		$	—		$	55.6
Unrealized cash flow hedge (losses) gains		(8.3	)		(9.1	)		0.8			(64.8	)		(21.5	)		(43.3	)
Reclassification adjustments on foreign currency hedges		(25.8	)		(6.1	)		(19.7	)		(57.5	)		(13.4	)		(44.1	)
Unrealized gains on securities		—			—			—			0.4			—			0.4
Adjustments to prior service cost and unrecognized actuarial assumptions		2.0			0.9			1.1			23.4			2.3			21.1
Total Other Comprehensive Loss	$	(110.7	)	$	(14.3	)	$	(96.4	)	$	(42.9	)	$	(32.6	)	$	(10.3	)
	Three Months Ended June 30, 2015									Six Months Ended June 30, 2015
	Before Tax			Tax			Net of Tax			Before Tax			Tax			Net of Tax
Foreign currency cumulative translation adjustments	$	10.3		$	—		$	10.3		$	(139.6	)	$	—		$	(139.6	)
Unrealized cash flow hedge (losses) gains		(11.0	)		2.1			(13.1	)		40.7			1.4			39.3
Reclassification adjustments on foreign currency hedges		(32.7	)		(7.6	)		(25.1	)		(60.7	)		(14.0	)		(46.7	)
Unrealized (losses) gains on securities		(0.1	)		—			(0.1	)		0.5			—			0.5
Adjustments to prior service cost and unrecognized actuarial assumptions		3.0			1.5			1.5			6.2			0.8			5.4
Total Other Comprehensive Loss	$	(30.5	)	$	(4.0	)	$	(26.5	)	$	(152.9	)	$	(11.8	)	$	(141.1	)