Equity (Tables)

12 Months Ended

Dec. 31, 2017

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) as of December 31, 2017 and 2016 are as follows:

(in millions)	2017			2016
Foreign currency translation	$	(52.4	)	$	(110.8	)
Derivative instrument fair market value, net of income    taxes of $(0.3) and $(0.3)		0.1			(0.3	)
Employee pension and postretirement benefit adjustments,    net of income taxes of $(14.9) and $(19.0)		(45.1	)		(51.8	)
	$	(97.4	)	$	(162.9	)

A reconciliation for the changes in accumulated other comprehensive income (loss), net of tax, by component for the year ended December 31, 2016 and December 31, 2017 is as follows:

(in millions)	Gains and Losses on Cash Flow Hedges			Pension & Postretirement			Foreign Currency Translation			Total
Balance at December 31, 2015	$	(3.8	)	$	(82.6	)	$	(121.4	)	$	(207.8	)
Other comprehensive loss before reclassifications		(2.9	)		(8.6	)		(20.4	)		(31.9	)
Amounts reclassified from accumulated other    comprehensive loss		4.3			4.5			—			8.8
Net current period other comprehensive income (loss)		1.4			(4.1	)		(20.4	)		(23.1	)
Distribution of MFS		2.1			34.9			31.0			68.0
Balance at December 31, 2016		(0.3	)		(51.8	)		(110.8	)		(162.9	)
Other comprehensive income (loss) before reclassifications		(0.3	)		7.0			58.4			65.1
Amounts reclassified from accumulated other    comprehensive income (loss)		0.7			(0.3	)		—			0.4
Net current period other comprehensive income		0.4			6.7			58.4			65.5
Balance at December 31, 2017	$	0.1		$	(45.1	)	$	(52.4	)	$	(97.4	)

Reclassification out of accumulated other comprehensive income

A reconciliation for the reclassifications out of accumulated other comprehensive income, net of tax, for the year ended December 31, 2017 is as follows:

(in millions)	Amount Reclassified from Accumulated Other Comprehensive Income				Recognized Location
Gains and losses on cash flow hedges
Foreign exchange contracts	$	(0.7	)		Cost of sales
		(0.7	)		Total before tax
		—			Tax expense
	$	(0.7	)		Net of tax
Amortization of pension and postretirement items
Actuarial losses	$	(5.2	)	(a)
Amortization of prior service cost		1.3		(a)
		(3.9	)		Total before tax
		4.2			Tax expense
	$	0.3			Net of Tax
Total reclassifications for the period	$	(0.4	)		Net of Tax

(a) These other comprehensive income components are included in the computation of net periodic pension cost (see Note 20, “Employee Benefit Plans,” for further details).

A reconciliation for the reclassifications out of accumulated other comprehensive income, net of tax, for the year ended December 31, 2016 is as follows:

(in millions)	Amount Reclassified from Accumulated Other Comprehensive Income				Recognized Location
Gains and losses on cash flow hedges
Foreign exchange contracts	$	(0.9	)		Cost of sales
Commodity contracts		(0.2	)		Cost of sales
Interest rate swap contracts: Float-to-fixed		(4.3	)		Interest expense
		(5.4	)		Total before tax
		1.1			Tax benefit
	$	(4.3	)		Net of tax
Amortization of pension and postretirement items
Actuarial losses	$	(4.6	)	(a)
Amortization of prior service cost		(0.1	)	(a)
		(4.7	)		Total before tax
		0.2			Tax benefit
	$	(4.5	)		Net of Tax
Total reclassifications for the period	$	(8.8	)		Net of Tax

(a) These other comprehensive income components are included in the computation of net periodic pension cost (see Note 20, “Employee Benefit Plans,” for further details).

A reconciliation for the reclassifications out of accumulated other comprehensive income, net of tax, for the year ended December 31, 2015 is as follows:

(in millions)	Amount Reclassified from Accumulated Other Comprehensive Income				Recognized Location
Gains and losses on cash flow hedges
Foreign exchange contracts	$	(11.7	)		Cost of sales
Commodity contracts		(4.0	)		Cost of sales
Interest rate swap contracts: Float-to-fixed		(2.6	)		Interest expense
		(18.3	)		Total before tax
		6.8			Tax expense
	$	(11.5	)		Net of tax
Amortization of pension and postretirement items
Actuarial losses	$	(7.5	)	(a)
Amortization of prior service cost		(0.1	)	(a)
		(7.6	)		Total before tax
		2.1			Tax benefit
	$	(5.5	)		Net of Tax
Total reclassifications for the period	$	(17.0	)		Net of Tax

(a) These other comprehensive income components are included in the computation of net periodic pension cost (see Note 20, “Employee Benefit Plans,” for further details).