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Comprehensive Earnings (Tables)
 3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss, as reflected on the Condensed Consolidated Balance Sheets, is comprised of the following:
(In millions)
March 31,
2018
 
December 31,
2017
Accumulated other comprehensive loss:
 
 
 
Net unrealized (loss) gain on marketable securities, net of tax
$
(0.2
)
 
$
10.1

Net unrecognized gains and prior service cost related to defined benefit plans, net of tax
2.2

 
6.0

Net unrecognized losses on derivatives in cash flow hedging relationships, net of tax
(22.6
)
 
(3.7
)
Net unrecognized losses on derivatives in net investment hedging relationships, net of tax
(299.0
)
 
(239.8
)
Foreign currency translation adjustment
128.1

 
(133.8
)
 
$
(191.5
)
 
$
(361.2
)
Components of Other Comprehensive Loss
Components of accumulated other comprehensive loss, before tax, consist of the following, for the three months ended March 31, 2018 and 2017:
 
Three Months Ended March 31, 2018
Gains and Losses on Derivatives in Cash Flow Hedging Relationships
 
Gains and Losses on Net Investment Hedges
 
Gains and Losses on Marketable Securities
 
Defined Pension Plan Items
 
Foreign Currency Translation Adjustment
 
Totals
(In millions)
Foreign Currency Forward Contracts
 
Interest Rate Swaps
 
Total
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2017, net of tax
 
 
 
 
$
(3.7
)
 
$
(239.8
)
 
$
10.1

 
$
6.0

 
$
(133.8
)
 
$
(361.2
)
Other comprehensive (loss) earnings before reclassifications, before tax
 
 
 
 
(29.1
)
 
(59.2
)
 
(0.4
)
 
(4.4
)
 
261.9

 
168.8

Amounts reclassified from accumulated other comprehensive loss, before tax:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gain on foreign exchange forward contracts classified as cash flow hedges, included in net sales
(4.8
)
 
 
 
(4.8
)
 
 
 
 
 
 
 
 
 
(4.8
)
Loss on interest rate swaps classified as cash flow hedges, included in interest expense
 
 
1.9

 
1.9

 
 
 
 
 
 
 
 
 
1.9

Amortization of prior service costs included in SG&A
 
 
 
 
 
 
 
 
 
 
0.1

 
 
 
0.1

Amortization of actuarial loss included in SG&A
 
 
 
 
 
 
 
 
 
 
—

 
 
 
—

Net other comprehensive (loss) earnings, before tax
 
 
 
 
(32.0
)
 
(59.2
)
 
(0.4
)
 
(4.3
)
 
261.9

 
166.0

Income tax benefit
 
 
 
 
(10.6
)
 
—

 
(0.1
)
 
(0.5
)
 
—

 
(11.2
)
Cumulative effect of the adoption of new accounting standards
 
 
 
 
2.5

 
—

 
(10.0
)
 
—

 
—

 
(7.5
)
Balance at March 31, 2018, net of tax
 
 
 
 
$
(22.6
)
 
$
(299.0
)
 
$
(0.2
)
 
$
2.2

 
$
128.1

 
$
(191.5
)

 
Three Months Ended March 31, 2017
Gains and Losses on Derivatives in Cash Flow Hedging Relationships
 
Gains and Losses on Net Investment Hedges
 
Gains and Losses on Marketable Securities
 
Defined Pension Plan Items
 
Foreign Currency Translation Adjustment
 
Totals
(In millions)
Foreign Currency Forward Contracts
 
Interest Rate Swaps
 
Total
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2016, net of tax
 
 
 
 
$
(38.6
)
 
$
(1.4
)
 
$
14.5

 
$
(0.5
)
 
$
(2,237.7
)
 
$
(2,263.7
)
Other comprehensive earnings (loss) before reclassifications, before tax
 
 
 
 
25.4

 
(9.9
)
 
7.7

 
(0.3
)
 
434.2

 
457.1

Amounts reclassified from accumulated other comprehensive (loss) earnings, before tax:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss on foreign exchange forward contracts classified as cash flow hedges, included in net sales
5.2

 
 
 
5.2

 
 
 
 
 
 
 
 
 
5.2

Loss on interest rate swaps classified as cash flow hedges, included in interest expense
 
 
1.8

 
1.8

 
 
 
 
 
 
 
 
 
1.8

Amortization of prior service costs included in SG&A
 
 
 
 
 
 
 
 
 
 
0.1

 
 
 
0.1

Amortization of actuarial gain included in SG&A
 
 
 
 
 
 
 
 
 
 
0.2

 
 
 
0.2

Net other comprehensive earnings (loss), before tax
 
 
 
 
32.4

 
(9.9
)
 
7.7

 
—

 
434.2

 
464.4

Income tax provision (benefit)
 
 
 
 
11.1

 
—

 
2.8

 
(0.2
)
 
—

 
13.7

Balance at March 31, 2017, net of tax
 
 
 
 
$
(17.3
)
 
$
(11.3
)
 
$
19.4

 
$
(0.3
)
 
$
(1,803.5
)
 
$
(1,813.0
)