XML 57 R42.htm IDEA: XBRL DOCUMENT v3.8.0.1
Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table summarizes the fair value of our derivative financial instruments as of December 31, 2017 and 2016:
 
Fair Value of Derivative Instruments
 
Derivative Assets
 
Derivative Liabilities
(in millions of dollars)
Balance Sheet
Location
 
December 31, 2017
 
December 31, 2016
 
Balance Sheet
Location
 
December 31, 2017
 
December 31, 2016
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
Other current assets
 
$
0.5

 
$
4.0

 
Other current liabilities
 
$
0.5

 
$
—

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
Other current assets
 
0.4

 
0.4

 
Other current liabilities
 
0.7

 
0.3

Foreign exchange contracts
Other non-current assets
 
24.2

 
—

 
Other non-current liabilities
 
24.2

 
—

Total derivatives
 
 
$
25.1

 
$
4.4

 
 
 
$
25.4

 
$
0.3
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following tables summarize the pre-tax effect of the Company’s derivative financial instruments on the Consolidated Statements of Income for the years ended December 31, 2017, 2016 and 2015:
 
The Effect of Derivative Instruments in Cash Flow Hedging Relationships on the Consolidated Financial Statements
 
Amount of Gain (Loss) Recognized in AOCI (Effective Portion)
 
Location of (Gain) Loss Reclassified from AOCI to Income
 
Amount of (Gain) Loss
Reclassified from AOCI to Income (Effective Portion)
(in millions of dollars)
2017
 
2016
 
2015
 
 
 
2017
 
2016
 
2015
Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
$
(4.9
)
 
$
(0.1
)
 
$
8.2

 
Cost of products sold
 
$
1.6

 
$
2.5

 
$
(10.9
)

 
The Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Statements of Operations
 
Location of (Gain) Loss Recognized in
Income on Derivatives
 
Amount of (Gain) Loss
Recognized in Income year ended December 31,
(in millions of dollars)
 
2017
 
2016
 
2015
Foreign exchange contracts
Other (income) expense, net
 
$
(1.5
)
 
$
(2.0
)
 
$
(0.5
)