DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments at Fair Value

The following table presents assets and liabilities representing the fair value of our most significant derivative financial instruments. The fair values of the derivatives reflect the change in the market value of the derivative from the date of the trade execution and do not consider the offsetting underlying hedged item.

	Expiring at various dates through:	Total USD Equivalent Notional Amount		As of March 31, 2019
				Assets				Liabilities
				Other Current Assets		Sundry		Other Current Liabilities		Other Long-Term Liabilities
Derivatives designated as hedging instruments
Cash flow hedges:
Currency hedges:
Future USD sales/purchases of Canadian, Chinese, European, South Korean, Swiss and UK subsidiaries	Sep 2020	$	163.3	$	.7	$	.1	$	1.5	$	.1
Future EUR sales of Chinese and UK subsidiaries	Sep 2020	31.0		1.0		.1		—		—
Future MXN purchases of a USD subsidiary	Sep 2020	9.1		.3		—		—		—
Total cash flow hedges				2.0		.2		1.5		.1
Fair value hedges:
Intercompany and third party receivables and payables exposed to multiple currencies (DKK, EUR, MXN, USD and ZAR) in various countries (CAD, CHF, CNY, EUR, GBP, PLN and USD)	Dec 2019	70.6		.4		—		.3		—
Derivatives not designated as hedging instruments
Non-deliverable hedges (EUR and USD) exposed to the CNY	Mar 2020	15.4		.3		—		—		—
				$	2.7	$	.2	$	1.8	$	.1

	Expiring at various dates through:	Total USD Equivalent Notional Amount		As of December 31, 2018
				Assets				Liabilities
				Other Current Assets		Sundry		Other Current Liabilities		Other Long-Term Liabilities
Derivatives designated as hedging instruments
Cash flow hedges:
Currency hedges:
Future USD sales/purchases of Canadian, Chinese, European, South Korean, Swiss and UK subsidiaries	Jun 2020	$	164.7	$	.5	$	.1	$	3.8	$	.2
Future MXN purchases of a USD subsidiary	Jun 2019	7.9		.1		—		—		—
Future EUR sales of Chinese and UK subsidiaries	Jun 2020	32.3		.2		.1		.1		—
Total cash flow hedges				.8		.2		3.9		.2
Fair value hedges:
Intercompany and third party receivables and payables exposed to multiple currencies (DKK, EUR, MXN, USD and ZAR) in various countries (CAD, CHF, CNY, EUR, GBP, PLN and USD)	Dec 2019	65.8		.1		—		.3		—
Derivatives not designated as hedging instruments
Non-deliverable hedges (EUR and USD) exposed to the CNY	Dec 2019	23.6		.1		—		.3		—
				$	1.0	$	.2	$	4.5	$	.2

Pre-Tax (Gains) Losses of Hedging Activities

The following table sets forth the pretax (gains) losses for our hedging activities for the years presented. This schedule includes reclassifications from accumulated other comprehensive income (see Note 13) as well as derivative settlements recorded directly to income or expense.

	Caption in Consolidated Condensed Statements of Operations	Amount of (Gain) Loss Recorded in Income Three Months Ended   March 31,
		2019			2018
Derivatives designated as hedging instruments
Interest rate cash flow hedges	Interest expense	$	1.1		$	1.1
Currency cash flow hedges	Net sales	.4			(1.5		)
Currency cash flow hedges	Cost of goods sold	(.3		)	.2
Total cash flow hedges		1.2			(.2		)
Fair value hedges	Other (income) expense, net	.4			.6
Derivatives not designated as hedging instruments	Other (income) expense, net	(.2		)	(.8		)
Total derivative instruments		$	1.4		$	(.4	)