Financial Instruments and Risk Management (Tables)

12 Months Ended

Dec. 31, 2016

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Schedule of Fair Value of All Derivative Contracts

Derivatives are recognized in the Consolidated Balance Sheets at their fair values. The following table presents the fair value of derivative instruments outstanding at December 31, 2016:



	Asset			Liability
	Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
Derivatives not designated as hedges:
Foreign exchange forward contracts	Prepaid expenses and other	$	.6	Accounts payable	$	3.0
Total derivatives not designated as hedges		$	.6		$	3.0
Total derivatives		$	.6		$	3.0

The following table presents the fair value of derivative instruments outstanding at December 31, 2015:



	Asset			Liability
	Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
Derivatives not designated as hedges:
Foreign exchange forward contracts	Prepaid expenses and other	$	1.2	Accounts payable	$	1.1
Total derivatives not designated as hedges		$	1.2		$	1.1
Total derivatives		$	1.2		$	1.1

Impact of Cash Flow Hedges on Accumulated Other Comprehensive Income

For the years ended December 31, 2016 and 2015, treasury lock agreements impacted AOCI as follows:



	2016			2015
Pre-tax net unamortized deferred losses at beginning of year⁽¹⁾	$	(4.0	)	$	(5.9	)
Reclassification of net losses to earnings	4.0			1.9
Pre-tax net unamortized deferred losses at end of year⁽¹⁾	$	—		$	(4.0	)

(1)Amounts above exclude taxes of $2.7 at the beginning of year in 2016 and 2015 and at the end of year in 2015.