Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

At June 30, 2015, the following commodity derivative contracts were outstanding:

Notional Amounts of Outstanding Derivative Positions

At June 30, 2015 and December 31, 2014, the following foreign currency derivative contracts were outstanding:



Foreign currency derivatives (in millions)
Functional currency	Traded currency	Notional in traded currency June 30, 2015	Notional in traded currency December 31, 2014	Duration

Chinese yuan	Euro	33.2	—	Jun - 16
Chinese yuan	US dollar	20.0	24.9	Dec - 16
Euro	British pound	2.9	5.7	Dec - 15
Euro	Japanese yen	2,582.0	4,371.8	Feb - 16
Euro	US dollar	32.1	23.5	Dec - 16
Japanese yen	Chinese yuan	45.4	88.6	Dec - 15
Japanese yen	Korean won	3,290.0	6,712.5	Dec - 15
Japanese yen	US dollar	2.0	3.8	Dec - 15
Korean won	Euro	5.1	2.5	Dec - 15
Korean won	Japanese yen	440.1	72.0	Dec - 15
Korean won	US dollar	11.4	22.7	Dec - 15
Mexican peso	US dollar	6.0	22.6	Dec - 15
Swedish krona	Euro	15.9	31.4	Dec - 15

Derivatives Instruments in Statements of Financial Position

At June 30, 2015 and December 31, 2014, the following amounts were recorded in the Condensed Consolidated Balance Sheets as being payable to or receivable from counterparties under ASC Topic 815:



	Assets					Liabilities
(in millions)	Location	June 30, 2015		December 31, 2014		Location	June 30, 2015		December 31, 2014
Foreign currency	Prepayments and other current assets	$	6.0	$	3.7	Accounts payable and accrued expenses	$	3.1	$	2.4
	Other non-current assets	$	0.1	$	0.1	Other non-current liabilities	$	—	$	0.5
Commodity	Prepayments and other current assets	$	—	$	—	Accounts payable and accrued expenses	$	0.1	$	—

Deferred Losses Reported In Accumulated Other Comprehensive Income Loss

The table below shows deferred gains (losses) reported in AOCI as well as the amount expected to be reclassified to income in one year or less. The amount expected to be reclassified to income in one year or less assumes no change in the current relationship of the hedged item at June 30, 2015 market rates.



(in millions)	Deferred gain (loss) in AOCI at					Gain (loss) expected to be reclassified to income in one year or less
Contract Type	June 30, 2015			December 31, 2014
Foreign currency	$	3.1		$	1.3	$	3.0
Commodity	(0.1		)	—		(0.1		)
Net investment hedges	0.2			0.2		—
Total	$	3.2		$	1.5	$	2.9

Derivatives Designated As Cash Flow Hedging Instruments

Derivative instruments designated as hedging instruments as defined by ASC Topic 815 held during the period resulted in the following gains and losses recorded in income:



		Gain (loss) reclassified from AOCI to income (effective portion)						Gain (loss) recognized in income (ineffective portion)
(in millions)		Three Months Ended						Three Months Ended
Contract Type	Location	June 30, 2015		June 30, 2014			Location	June 30, 2015			June 30, 2014
Foreign currency	Sales	$	—	$	1.0		SG&A expense	$	(0.1	)	$	0.1
Foreign currency	Cost of goods sold	$	2.3	$	(1.0	)	SG&A expense	$	—		$	—
Foreign currency	SG&A expense	$	—	$	(0.1	)	SG&A expense	$	—		$	—



		Gain (loss) reclassified from AOCI to income (effective portion)							Gain (loss) recognized in income (ineffective portion)
(in millions)		Six Months Ended							Six Months Ended
Contract Type	Location	June 30, 2015			June 30, 2014			Location	June 30, 2015			June 30, 2014
Foreign currency	Sales	$	(0.3	)	$	1.3		SG&A expense	$	(0.4	)	$	0.1
Foreign currency	Cost of goods sold	$	3.8		$	(1.8	)	SG&A expense	$	0.1		$	0.1
Foreign currency	SG&A expense	$	—		$	(0.4	)	SG&A expense	$	—		$	—
Cross-currency swap	N/A							Interest expense	$	—		$	0.7

Commodity derivative contracts

Volume hedged June 30, 2015

Units of measure

Metric Tons