XML 46 R33.htm IDEA: XBRL DOCUMENT v3.5.0.2
Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Price Risk Derivatives
 
Commodity derivative contracts
Commodity
Volume hedged September 30, 2016
 
Volume hedged December 31, 2015
 
Units of measure
 
Duration
Copper
1,495.0

 
6,273.2

 
Metric Tons
 
Dec -16
Schedule of Interest Rate Derivatives [Table Text Block]
 
Interest rate swap contracts
(in millions)
Hedge Type
 
Notional Amount
 
Duration
Fixed to floating
Fair value
 
$
250.0

 
Sept - 20
Fixed to floating
Fair value
 
$
134.0

 
Oct - 19
Notional Amounts of Outstanding Derivative Positions
Foreign currency derivatives (in millions)
Functional currency
 
Traded currency
 
Notional in traded currency
September 30, 2016
 
Notional in traded currency
December 31, 2015
 
Duration
 
 
 
 
 
 
 
 
 
Chinese renminbi
 
Euro
 
5.8

 
30.5

 
Dec - 16
Chinese renminbi
 
US dollar
 
15.4

 
13.8

 
Jul - 17
Euro
 
British pound
 
1.3

 

 
Dec - 16
Euro
 
Hungarian forint
 

 
3,434.5

 
Dec - 16
Euro
 
Japanese yen
 
928.3

 
487.1

 
Dec - 16
Euro
 
Polish zloty
 
21.6

 

 
Dec - 16
Euro
 
US dollar
 
28.4

 
30.1

 
Dec - 17
Japanese yen
 
Chinese renminbi
 
92.7

 
92.6

 
Dec - 17
Japanese yen
 
Korean won
 
1,222.3

 
5,998.9

 
Dec - 16
Japanese yen
 
US dollar
 
2.7

 
3.0

 
Dec - 17
Korean won
 
Euro
 
4.6

 
2.5

 
Dec - 16
Korean won
 
Japanese yen
 
147.1

 

 
Dec - 16
Korean won

US dollar
 
22.3

 
77.9

 
Dec - 17
Swedish krona
 
Euro
 
1.1

 

 
Dec - 16
US dollar
 
Mexican peso
 

 
469.0

 
Sept - 16
Derivatives Instruments in Statements of Financial Position
 
 
Assets
 
Liabilities
(in millions)
 
Location
 
September 30,
2016
 
December 31, 2015
 
Location
 
September 30,
2016
 
December 31, 2015
Foreign currency
 
Prepayments and other current assets
 
$
3.6

 
$
2.7

 
Accounts payable and accrued expenses
 
$
3.9

 
$
8.7

 
 
Other non-current assets
 
$

 
$

 
Other non-current liabilities
 
$
0.1

 
$

Commodity
 
Prepayments and other current assets
 
$

 
$

 
Accounts payable and accrued expenses
 
$
1.5

 
$
10.4

Interest rate swaps
 
Other non-current assets
 
$

 
$

 
Accounts payable and accrued expenses
 
$

 
$
2.7


Deferred Losses Reported In Accumulated Other Comprehensive Income Loss
(in millions)
 
Deferred gain (loss) in AOCI at
 
Gain (loss) expected to be reclassified to income in one year or less
Contract Type
 
September 30, 2016
 
December 31, 2015
 
Foreign currency
 
$
0.4

 
$
(0.1
)
 
$
0.5

Commodity
 
(0.2
)
 
(2.1
)
 
(0.2
)
Net investment hedges
 
11.7

 
12.2

 

Foreign currency denominated debt designated as a net investment hedge
 
19.0

 
0.1

 

Total
 
$
30.9

 
$
10.1

 
$
0.3

Gain (Loss) on Derivatives Designated As Hedging Instruments
 
 
 
 
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
 
September 30,
2016
 
September 30,
2015
 
Location
 
September 30,
2016
 
September 30,
2015
Foreign currency
 
Sales
 
$
0.7

 
$
(1.3
)
 
SG&A expense
 
$

 
$

Foreign currency
 
Cost of goods sold
 
$
(0.4
)
 
$
1.8

 
SG&A expense
 
$
0.1

 
$

Commodity
 
Cost of goods sold
 
$
(0.4
)
 
$
(0.1
)
 
Cost of goods sold
 
$

 
$

Cross-currency swap
 
Interest expense
 
$

 
$
0.4

 
Interest expense
 
$

 
$


 
 
 
 
Gain (loss) reclassified
from AOCI to income
(effective portion)
 
 
 
Gain (loss)
recognized in income
(ineffective portion)
(in millions)
 
 
 
Nine Months Ended
 
 
 
Nine Months Ended
Contract Type
 
Location
 
September 30,
2016
 
September 30,
2015
 
Location
 
September 30,
2016
 
September 30,
2015
Foreign currency
 
Sales
 
$
0.9

 
$
(1.6
)
 
SG&A expense
 
$

 
$
(0.4
)
Foreign currency
 
Cost of goods sold
 
$
(0.6
)
 
$
5.6

 
SG&A expense
 
$
0.2

 
$
0.1

Commodity
 
Cost of goods sold
 
$
(1.5
)
 
$
(0.1
)
 
Cost of goods sold
 
$

 
$

Cross-currency swap
 
Interest expense
 
$

 
$
0.4

 
Interest expense
 
$

 
$


(in millions)
 
Three Months Ended
September 30, 2016
 
Nine Months Ended
September 30, 2016
Income Statement Classification
 
Gain (loss) on swaps
 
Gain (loss) on borrowings
 
Gain (loss) on swaps
 
Gain (loss) on borrowings
Interest expense and finance charges
 
$
(2.8
)
 
$
2.8

 
$
8.5

 
$
(8.5
)