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DERIVATIVES AND OTHER FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair value of outstanding derivatives
 
 
 
 
 
December 31,
(In millions)
Hedge Designation
 
Balance Sheet Location
 
2014
 
2013
Foreign exchange contracts
Cash Flow
 
Prepaid expenses and Other assets
 
$
13.0

 
$
4.2

Interest rate forward swaps
Cash Flow
 
Other assets
 

 
19.9

Commodity contracts
Cash Flow
 
Other assets
 

 

Foreign exchange contracts
Cash Flow
 
Accrued expenses
 
(0.2
)
 
(0.5
)
Commodity contracts
Cash Flow
 
Accrued expenses
 
(0.8
)
 

Interest rate swaps
Fair Value
 
Other Liabilities
 
(0.9
)
 

Net asset/(liability) of derivatives designated as hedging items
 
 
 
$
11.1

 
$
23.6

Schedule Of Outstanding Foreign Exchange Forward Contracts
(Dollars in millions)
 
Weighted-average
Forward Rate
 
Notional
Amount
 
Fair Value
Asset
 
Maturity
Foreign exchange contracts:
 
 
 
 
 
 
 
 
Cash flow hedges:
 
 
 
 
 
 
 
 
Canadian dollar
 
1.12
 
$
39.7

 
$
1.6

 
2015
Mexican peso
 
13.54
 
91.8

 
8.2

 
2015
Malaysian ringgit
 
3.38
 
63.5

 
2.9

 
2015
Philippine peso
 
44.84
 
52.9

 
0.1

 
2015
Total foreign exchange contracts
 
 
 
$
247.9

 
$
12.8

 
 
Schedule of change in accumulated other comprehensive income (loss) and the impact on earnings from foreign exchange contracts
(In millions)
2014
 
2013
Balance—January 1
$
3.2

 
$
(4.1
)
Derivatives qualifying as cash flow hedges deferred in other comprehensive income
12.1

 
4.8

Derivatives qualifying as cash flow hedges reclassified to cost of products sold
(2.0
)
 
5.4

Change in deferred taxes
(2.9
)
 
(2.9
)
Balance—December 31
$
10.4

 
$
3.2