Derivative Financial Instruments and Risk Management (Tables)

3 Months Ended

Mar. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair value of foreign currency derivatives in balance sheet

The following table presents the fair value of foreign currency derivatives included within the Condensed Consolidated Balance Sheets:

	As of March 31, 2018				As of December 31, 2017
(In millions)	Derivative Assets		Derivative Liabilities		Derivative Assets		Derivative Liabilities
Other current assets / liabilities	$	3.7	$	8.9	$	3.3	$	5.7

Schedule of derivative assets at fair value

(In millions)	As of December 31, 2017
Offsetting of Assets	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheets		Net Presented in the Consolidated Balance Sheets		Amount Subject to Master Netting Agreement			Net Amount
Derivatives	$	5.2	$	—	$	5.2	$	(1.3	)	$	3.9

As of March 31, 2018 and December 31, 2017, information related to these offsetting arrangements was as follows:

(In millions)	As of March 31, 2018
Offsetting of Assets	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheets		Net Presented in the Consolidated Balance Sheets		Amount Subject to Master Netting Agreement			Net Amount
Derivatives	$	6.5	$	—	$	6.5	$	(2.5	)	$	4.0

Schedule of derivative liabilities at fair value

(In millions)	As of March 31, 2018
Offsetting of Liabilities	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheets		Net Presented in the Consolidated Balance Sheets		Amount Subject to Master Netting Agreement			Net Amount
Derivatives	$	8.7	$	—	$	8.7	$	(2.5	)	$	6.2

(In millions)	As of December 31, 2017
Offsetting of Liabilities	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheets		Net Presented in the Consolidated Balance Sheets		Amount Subject to Master Netting Agreement			Net Amount
Derivatives	$	5.5	$	—	$	5.5	$	(1.3	)	$	4.2

Schedule of location and amount of gain (loss) on foreign currency derivatives and on the remeasurement of assets and liabilities denominated in foreign currencies

The following table presents the location and amount of the gain (loss) on foreign currency derivatives and on the remeasurement of assets and liabilities denominated in foreign currencies, as well as the net impact recognized in the Condensed Consolidated Statements of Income: 

Derivatives Not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in Income on Derivatives	Amount of Loss Recognized in Income on Derivatives
		Three Months Ended March 31,
(In millions)		2018			2017
Foreign exchange contracts	Revenue	$	(1.7	)	$	0.1
Foreign exchange contracts	Cost of sales	0.6			(0.1		)
Foreign exchange contracts	Other expense (income), net	0.1			0.2
Total		(1.0		)	0.2
Remeasurement of assets and liabilities in foreign currencies		0.1			(0.3		)
Net loss on foreign currency transactions		$	(0.9	)	$	(0.1	)