Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Price Risk Derivatives

	Commodity derivative contracts
Commodity	Volume hedged June 30, 2017	Volume hedged December 31, 2016	Units of measure	Duration
Copper	100.0	213.8	Metric Tons	Dec -17

Notional Amounts of Outstanding Derivative Positions

Foreign currency derivatives (in millions)
Functional currency	Traded currency	Notional in traded currency June 30, 2017	Notional in traded currency December 31, 2016	Duration
Brazilian real	Euro	1.9	—	Jan - 18
Chinese renminbi	US dollar	14.7	33.5	Dec - 17
Chinese renminbi	Euro	43.8	—	Jun - 18
Euro	Chinese renminbi	63.9	—	Dec - 17
Euro	British pound	2.0	4.2	Dec - 17
Euro	Japanese yen	1,161.7	1,004.8	Dec - 17
Euro	Polish zloty	67.1	18.8	Dec - 17
Euro	Swedish krona	267.4	—	May - 18
Euro	US dollar	20.3	35.3	Dec - 17
Japanese yen	Chinese renminbi	35.0	68.7	Dec - 17
Japanese yen	Korean won	2,850.5	5,689.2	Dec - 17
Japanese yen	US dollar	1.0	2.0	Dec - 17
Korean won	Euro	6.5	—	Dec - 17
Korean won	Japanese yen	427.9	539.9	Dec - 17
Korean won	US dollar	20.0	14.2	Dec - 17
Mexican peso	US dollar	7.9	10.5	Dec - 17
Swedish krona	Euro	25.1	48.2	Dec - 17
US dollar	Euro	100.0	—	Dec - 17

Derivatives Instruments in Statements of Financial Position

	Assets					Liabilities
(in millions)	Location	June 30, 2017		December 31, 2016		Location	June 30, 2017		December 31, 2016
Foreign currency	Prepayments and other current assets	$	4.6	$	7.2	Accounts payable and accrued expenses	$	8.6	$	1.1
Commodity	Prepayments and other current assets	$	0.1	$	0.1	Accounts payable and accrued expenses	$	—	$	—

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	June 30, 2017			December 31, 2016
Foreign currency	$	1.4		$	5.6		$	1.4
Commodity	0.1			(0.1		)	0.1
Net investment hedges	(22.2		)	29.5			—
Total	$	(20.7	)	$	35.0		$	1.5

Derivative Instruments, Gain (Loss)

		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, 2017		June 30, 2016			Location	June 30, 2017			June 30, 2016
Foreign currency	Sales	$	0.9	$	0.2		SG&A expense	$	(0.1	)	$	—
Foreign currency	Cost of goods sold	$	0.5	$	0.3		SG&A expense	$	—		$	(0.1	)
Commodity	Cost of goods sold	$	0.1	$	(1.0	)	Cost of goods sold	$	—		$	—

		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, 2017		June 30, 2016			Location	June 30, 2017		June 30, 2016
Foreign currency	Sales	$	2.0	$	0.2		SG&A expense	$	—	$	—
Foreign currency	Cost of goods sold	$	1.3	$	(0.2	)	SG&A expense	$	—	$	0.1
Commodity	Cost of goods sold	$	0.3	$	(1.1	)	Cost of goods sold	$	—	$	—

Fair Value Hedges

(in millions)		Three Months Ended June 30, 2017				Three Months Ended June 30, 2016
Contract Type	Location	Gain (loss) on swaps		Gain (loss) on borrowings		Gain (loss) on swaps		Gain (loss) on borrowings
Interest rate swap	Interest expense and finance charges	$	—	$	—	$	2.6	$	(2.6	)

(in millions)		Six Months Ended June 30, 2017				Six Months Ended June 30, 2016
Contract Type	Location	Gain (loss) on swaps		Gain (loss) on borrowings		Gain (loss) on swaps		Gain (loss) on borrowings
Interest rate swap	Interest expense and finance charges	$	—	$	—	$	11.3	$	(11.3	)

Derivatives not designated as hedges are used to hedge remeasurement exposures of monetary assets and liabilities designated in currencies other than the operating units’ functional currency. These derivatives resulted in the following gains and losses recorded in income:

		Gain (loss) recognized in income				Gain (loss) recognized in income
(in millions)		Three Months Ended				Six Months Ended
Contract Type	Location	June 30, 2017		June 30, 2016		June 30, 2017		June 30, 2016
Foreign currency	SG&A expense	$	1.1	$	—	$	0.1	$	—