XML 59 R37.htm IDEA: XBRL DOCUMENT v3.8.0.1
Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2017
Derivative [Line Items]  
Schedule of Price Risk Derivatives [Table Text Block]
 
Commodity derivative contracts
Commodity
Volume hedged December 31, 2017
 
Volume hedged December 31, 2016
 
Units of measure
 
Duration
Copper

 
213.8

 
Metric Tons
 

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Text Block]
 
Assets
 
Liabilities
(millions of dollars)
Location
 
December 31, 2017
 
December 31, 2016
 
Location
 
December 31, 2017
 
December 31, 2016
Foreign currency
Prepayments and other current assets
 
$
0.9

 
$
7.2

 
Accounts payable and accrued expenses
 
$
5.0

 
$
1.1

 
Other non-current assets
 
$
0.8

 
$

 
Other non-current liabilities
 
$

 
$

Commodity
Prepayments and other current assets
 
$

 
$
0.1

 
Accounts payable and accrued expenses
 
$

 
$

Deferred Losses Reported In Other Comprehensive Income Loss [Text Block]
 
 
Deferred gain (loss) in AOCI at
 
Gain (loss) expected to be reclassified to income in one year or less
(millions of dollars)
 
December 31, 2017
 
December 31, 2016
 
Foreign currency
 
$
(2.3
)
 
$
5.6

 
$
(3.1
)
Commodity
 

 
(0.1
)
 

Net investment hedges
 
(54.2
)
 
29.5

 

Total
 
$
(56.5
)
 
$
35.0

 
$
(3.1
)
Derivative Instruments, Gain (Loss) [Table Text Block]
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)
 
 
 
 
Year Ended December 31,
 
 
 
Year Ended December 31,
(millions of dollars)
 
Location
 
2017
 
2016
 
Location
 
2017
 
2016
Foreign currency
 
Sales
 
$
3.4

 
$
(0.1
)
 
SG&A expense
 
$

 
$
0.3

Foreign currency
 
Cost of goods sold
 
$
(0.1
)
 
$
1.4

 
SG&A expense
 
$
(0.1
)
 
$

Commodity
 
Cost of goods sold
 
$
0.5

 
$
(1.4
)
 
Cost of goods sold
 
$

 
$
(0.3
)
Schedule of Interest Rate Derivatives [Table Text Block]
 
 
 
 
Year Ended December 31,
(millions of dollars)
 
 
 
2017
 
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
 
$

 
$

 
$
8.5

 
$
(8.5
)
Foreign currency contracts [Member]  
Derivative [Line Items]  
Foreign Exchange Derivative Contracts Outstanding [Text Block]
Foreign currency derivatives (in millions)
Functional currency
 
Traded currency
 
Notional in traded currency
December 31, 2017
 
Notional in traded currency
December 31, 2016
 
Ending Duration
Brazilian real
 
Euro
 
1.1

 

 
Apr - 18
Chinese renminbi
 
Euro
 
18.6

 

 
Jun - 18
Chinese renminbi
 
US dollar
 
36.0

 
33.5

 
Sept - 18
Euro
 
British pound
 
3.9

 
4.2

 
Dec - 18
Euro
 
Chinese renminbi
 
85.0

 

 
Dec - 18
Euro
 
Japanese yen
 
1,311.3

 
1,004.8

 
Dec - 18
Euro
 
Polish zloty
 

 
18.8

 
Dec - 17
Euro
 
Swedish krona
 
267.4

 

 
May - 18
Euro
 
US dollar
 
56.5

 
35.3

 
Mar - 19
Japanese yen
 
Chinese renminbi
 

 
68.7

 
Dec - 17
Japanese yen
 
Korean won
 

 
5,689.2

 
Dec - 17
Japanese yen
 
US dollar
 

 
2.0

 
Dec - 17
Korean won
 
Euro
 
3.1

 

 
Dec - 18
Korean won
 
Japanese yen
 
619.0

 
539.9

 
Dec - 18
Korean won
 
US dollar
 
11.2

 
14.2

 
Dec - 18
Mexican peso
 
US dollar
 

 
10.5

 
Dec - 17
Swedish krona
 
Euro
 
109.7

 
48.2

 
Jan - 20
US dollar
 
Euro
 
42.0

 

 
Dec - 18