Equity (Tables)

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Summary of Change in the Components of Accumulated Other Comprehensive Income (Loss)

The following table displays the change in the components of accumulated other comprehensive income (loss) (“AOCI”) (in millions):

	Derivatives			Pensions			Foreign Currency Translation			AOCI
Balances at December 31, 2015	$	637.0		$	(24.7	)	$	(2,080.1	)	$	(1,467.8	)
Foreign currency translation adjustment		—			—			649.4			649.4
Net change in fair value of derivatives, net of tax		(283.0	)		—			—			(283.0	)
Amounts reclassified to earnings of cash flow hedges, net of tax		(0.1	)		—			—			(0.1	)
Pension and post-retirement benefit plans, net of tax		—			—			—			—
Amortization of prior service (credits) costs, net of tax		—			(0.4	)		—			(0.4	)
Amortization of actuarial (gains) losses, net of tax		—			0.1			—			0.1
Balances at March 31, 2016	$	353.9		$	(25.0	)	$	(1,430.7	)	$	(1,101.8	)

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

The following table displays the reclassifications out of AOCI (in millions):

		Amounts Reclassified from AOCI
	Affected Line Item in the Statements of Operations	Three Months Ended March 31,
Details about AOCI Components		2016			2015
Gains (losses) on cash flow hedges:
Interest rate derivative contracts	Interest expense, net	$	(3.5	)	$	—
Interest rate derivative contracts	Other operating expenses (income), net		—			(4.9	)
Forward-currency contracts	Cost of sales		3.6			2.8
	Total before tax		0.1			(2.1	)
	Income tax (expense) benefit		—			0.6
	Net of tax	$	0.1		$	(1.5	)
Defined benefit pension:
Amortization of prior service credits (costs)	SG&A (a)		0.7			0.7
Amortization of actuarial gains (losses)	SG&A (a)		(0.1	)		(0.7	)
	Total before tax		0.6			—
	Income tax (expense) benefit		(0.3	)		—
	Net of tax	$	0.3		$	—
Total reclassifications	Net of tax	$	0.4		$	(1.5	)

(a) Refers to selling, general and administrative expenses in the condensed consolidated statements of operations.