Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2017

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, 2016	$	(323.4	)	$	32.3		$	(0.1	)	$	(142.8	)
AOCI before reclassifications		49.0			(26.3	)		—			(5.3	)
Reclassifications		—			(9.0	)		—			1.8
Balance at March 31, 2017	$	(274.4	)	$	(3.0	)	$	(0.1	)	$	(146.3	)

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 March 31,						Location on Statement of Earnings
Component of AOCI	2017			2016
Cash flow hedges
Foreign exchange forward contracts	$	11.1		$	32.1		Cost of products sold
Forward starting interest rate swaps		(0.1	)		(0.4	)	Interest expense
		11.0			31.7		Total before tax
		2.0			7.3		Provision for income taxes
	$	9.0		$	24.4		Net of tax
Defined benefit plans
Prior service cost	$	2.6		$	1.9		*
Unrecognized actuarial (loss)		(5.6	)		(5.0	)	*
		(3.0	)		(3.1	)	Total before tax
		(1.2	)		(1.1	)	Benefit for income taxes
	$	(1.8	)	$	(2.0	)	Net of tax
Total reclassifications	$	7.2		$	22.4		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 March 31, 2017
	Before Tax			Tax			Net of Tax
Foreign currency cumulative translation adjustments	$	54.4		$	5.4		$	49.0
Unrealized cash flow hedge (losses)		(36.6	)		(10.3	)		(26.3	)
Reclassification adjustments on cash flow hedges		(11.0	)		(2.0	)		(9.0	)
Adjustments to prior service cost and unrecognized actuarial assumptions		(3.7	)		(0.2	)		(3.5	)
Total Other Comprehensive Income (Loss)	$	3.1		$	(7.1	)	$	10.2
	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 cash flow 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 Loss	$	67.8		$	(18.3	)	$	86.1