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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2018
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 March 31, 2018 and December 31, 2017:
 
Fair Value of Derivative Instruments
 
Derivative Assets
 
Derivative Liabilities
(in millions of dollars)
Balance Sheet
Location
 
March 31, 2018
 
December 31,
2017
 
Balance Sheet
Location
 
March 31, 2018
 
December 31,
2017
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
Other current assets
 
$
1.8

 
$
0.5

 
Other current liabilities
 
$
0.7

 
$
0.5

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

 
0.4

 
Other current liabilities
 
1.2

 
0.7

Foreign exchange contracts
Other non-current assets
 
32.2

 
24.2

 
Other non-current liabilities
 
32.2

 
24.2

Total derivatives
 
 
$
34.4

 
$
25.1

 
 
 
$
34.1

 
$
25.4

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The following tables summarize the pre-tax effect of our derivative financial instruments on the condensed consolidated financial statements for the three months ended March 31, 2018 and 2017:
 
 
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)
 
 
Three Months Ended March 31,
 
 
 
Three Months Ended March 31,
(in millions of dollars)
 
2018
 
2017
 
 
 
2018
 
2017
Cash flow hedges:
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
$
(0.3
)
 
$
(1.5
)
 
Cost of products sold
 
$
1.2

 
$
(1.1
)
 
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
 
 
 
Three Months Ended March 31,
(in millions of dollars)
 
 
2018
 
2017
Foreign exchange contracts
Other (income) expense, net
 
$
0.4

 
$
(0.8
)