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Derivative Financial Instruments and Credit Risk (Tables)
12 Months Ended
Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Foreign Currency Derivatives
The following table presents the fair value of foreign currency derivatives included within the consolidated balance sheets:

 
As of December 31, 2015
 
As of December 31, 2014
 
(In millions)
Derivative Assets
 
Derivative Liabilities
 
Derivative Assets
 
Derivative Liabilities
 
Other current assets / liabilities
$
5.8

 
$
1.3

 
$
6.9

 
$
3.9

 
Other assets / liabilities
1.2

 
0.1

 
2.2

 

 
Total
$
7.0

 
$
1.4

 
$
9.1

 
$
3.9

 
Schedule of Derivative Assets at Fair Value
(in millions)
As of December 31, 2015
 
Offsetting of Assets
 
 
 
 
 
 
 
 
 
 
 
Gross Amounts of Recognized Assets
 
Gross Amounts Offset in the Consolidated Balance Sheets
 
Amount Presented in the Consolidated Balance Sheets
 
Amount Subject to Master Netting Agreement
 
Net Amount
 
Derivatives
$
7.0

 
$

 
$
7.0

 
$
(1.7
)
 
$
5.3

 
(in millions)
As of December 31, 2014
 
Offsetting of Assets
 
 
 
 
 
 
 
 
 
 
 
Gross Amounts of Recognized Assets
 
Gross Amounts Offset in the Consolidated Balance Sheets
 
Amount Presented in the Consolidated Balance Sheets
 
Amount Subject to Master Netting Agreement
 
Net Amount
 
Derivatives
$
9.1

 
$

 
$
9.1

 
$
(3.8
)
 
$
5.3

 
Schedule of Derivative Liabilities at Fair Value
Offsetting of Liabilities
As of December 31, 2015
 
 
Gross Amounts of Recognized Liabilities
 
Gross Amounts Offset in the Consolidated Balance Sheets
 
Amount Presented in the Consolidated Balance Sheets
 
Amount Subject to Master Netting Agreement
 
Net Amount
 
Derivatives
$
2.9

 
$

 
$
2.9

 
$
(1.7
)
 
$
1.2

 
Offsetting of Liabilities
As of December 31, 2014
 
 
Gross Amounts of Recognized Liabilities
 
Gross Amounts Offset in the Consolidated Balance Sheets
 
Amount Presented in the Consolidated Balance Sheets
 
Amount Subject to Master Netting Agreement
 
Net Amount
 
Derivatives
$
3.9

 
$

 
$
3.9

 
$
(3.8
)
 
$
0.1

 
Schedule of Gain (Loss) on Derivatives Not Designated as Hedging Instruments
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 consolidated statements of income:

Derivatives not designated as hedging instruments
 
Location of Gain (Loss) Recognized in Income
 
Amount of Gain (Loss) Recognized in Income
 
(In millions)
 
 
 
2015
 
2014
 
2013
 
Foreign exchange contracts
 
Revenue
 
$
0.8

 
$
(1.5
)
 
$

 
Foreign exchange contracts
 
Cost of sales
 
(0.3
)
 
0.9

 
0.4

 
Foreign exchange contracts
 
Other income, net
 
(0.1
)
 
(0.1
)
 
(0.7
)
 
Total
 
 
 
0.4

 
(0.7
)
 
(0.3
)
 
 
 
 
 
 
 
 
 
 
 
Remeasurement of assets and liabilities in foreign currencies
 
 
 
(1.3
)
 
1.0

 
(0.2
)
 
Net gain (loss) on foreign currency transactions
 
 
 
$
(0.9
)
 
$
0.3

 
$
(0.5
)