Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

The following table details the Company's significant outstanding foreign currency forward contracts as of December 31, 2016:

(in millions)	Traded against USD				Traded against EUR (USD equivalent)
Currency	Purchasing		Selling		Purchasing		Selling
Euro (EUR)	$	208.3	$	53.8	$	—	$	—
Brazilian Real (BRL)	48.4		89.8		—		—
Japanese Yen (JPY)	41.7		25.1		1.9		2.3
British Pound (GBP)	25.1		—		5.3		—
South African Rand (ZAR)	—		17.8		—		0.3
Taiwan Dollar (TWD)	16.9		—		—		—
Other	11.9		3.2		—		—
Total	$	352.3	$	189.7	$	7.2	$	2.6

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table summarizes the fair value of derivative instruments reported in the Consolidated Balance Sheets:

		December 31,
(amounts in millions)		2016			2015
Derivatives designated as hedging instruments:
	Liabilities Balance Sheet Location
Interest rate swaps	Accrued expenses and other current liabilities	$	10.2		$	—
Interest rate swaps	Other long-term liabilities	—			12.5
Derivatives not designated as hedging instruments:
	Assets Balance Sheet Location
Foreign exchange and metals contracts	Other current assets	8.5			1.1
Foreign exchange contracts	Other assets	—			1.0
	Liabilities Balance Sheet Location
Foreign exchange and metals contracts	Accrued expenses and other current liabilities	10.7			1.0
Net derivative contracts liability		$	(12.4	)	$	(11.4	)

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

For the years ended December 31, 2016, 2015 and 2014, the Company recorded the following realized and unrealized (losses) gains associated with derivative contracts designated as hedging instruments and made the following reclassifications from Accumulated Other Comprehensive Income:

(amounts in millions)	Amount of loss recognized in Other Comprehensive Income for the year ended December 31,						Location of loss reclassified from Accumulated Other Comprehensive Income	Amount of loss reclassified from Accumulated Other Comprehensive Income into income for the year ended December 31,
Derivatives designated as hedging instruments:	2016		2015		2014			2016		2015		2014
Interest rate swaps	$	9.6	$	12.5	$	—	Interest expense, net	$	11.9	$	—	$	—
Foreign exchange contracts	—		—		0.2		Foreign exchange loss	—		—		—
Total	$	9.6	$	12.5	$	0.2		$	11.9	$	—	$	—

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

For the years ended December 31, 2016, 2015 and 2014, the Company recorded the following realized and unrealized (losses) gains associated with derivative contracts not designated as hedging instruments:

(amounts in millions)	Location of (loss) gain recognized in income on derivatives	Amount of (loss) gain recognized in income on derivatives for the year ended December 31,
Derivatives not designated as hedging instruments:		2016			2015			2014
Foreign exchange and metals contracts	(Loss) gain on derivative contracts	$	(12.5	)	$	(74.0	)	$	0.4

Offsetting Assets

The following table presents recognized foreign currency exchange forward and metal future derivative contracts that are subject to master netting arrangements but not offset as of December 31, 2016 and 2015, with the "Net" column representing the net impact to the Company's Consolidated Balance Sheets had all set-off rights been exercised:

	December 31, 2016
(amounts in millions)	Amounts offset						Amounts not offset						Net
Financial assets	Gross assets		Gross liabilities offset		Net amounts presented		Financial instruments			Cash collateral paid
Derivative assets	$	6.3	$	—	$	6.3	$	(2.5	)	$	—		$	3.8
	December 31, 2016
	Amounts offset						Amounts not offset						Net
Financial liabilities	Gross liabilities		Gross assets offset		Net amounts presented		Financial instruments			Cash collateral paid
Derivative liabilities	$	8.9	$	—	$	8.9	$	(2.6	)	$	(1.0	)	$	5.3

	December 31, 2015
(amounts in millions)	Amounts offset						Amounts not offset						Net
Financial assets	Gross assets		Gross liabilities offset		Net amounts presented		Financial instruments			Cash collateral paid
Derivative assets	$	3.1	$	—	$	3.1	$	(0.3	)	$	—		$	2.8
	December 31, 2015
	Amounts offset						Amounts not offset						Net
Financial liabilities	Gross liabilities		Gross assets offset		Net amounts presented		Financial instruments			Cash collateral paid
Derivative liabilities	$	1.7	$	—	$	1.7	$	(1.2	)	$	(0.9	)	$	(0.4	)

Offsetting Liabilities

The following table presents recognized foreign currency exchange forward and metal future derivative contracts that are subject to master netting arrangements but not offset as of December 31, 2016 and 2015, with the "Net" column representing the net impact to the Company's Consolidated Balance Sheets had all set-off rights been exercised:

	December 31, 2016
(amounts in millions)	Amounts offset						Amounts not offset						Net
Financial assets	Gross assets		Gross liabilities offset		Net amounts presented		Financial instruments			Cash collateral paid
Derivative assets	$	6.3	$	—	$	6.3	$	(2.5	)	$	—		$	3.8
	December 31, 2016
	Amounts offset						Amounts not offset						Net
Financial liabilities	Gross liabilities		Gross assets offset		Net amounts presented		Financial instruments			Cash collateral paid
Derivative liabilities	$	8.9	$	—	$	8.9	$	(2.6	)	$	(1.0	)	$	5.3

	December 31, 2015
(amounts in millions)	Amounts offset						Amounts not offset						Net
Financial assets	Gross assets		Gross liabilities offset		Net amounts presented		Financial instruments			Cash collateral paid
Derivative assets	$	3.1	$	—	$	3.1	$	(0.3	)	$	—		$	2.8
	December 31, 2015
	Amounts offset						Amounts not offset						Net
Financial liabilities	Gross liabilities		Gross assets offset		Net amounts presented		Financial instruments			Cash collateral paid
Derivative liabilities	$	1.7	$	—	$	1.7	$	(1.2	)	$	(0.9	)	$	(0.4	)