Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Price Risk Derivatives

	Commodity derivative contracts
	Volume hedged
Commodity	March 31, 2018	Units of measure	Duration
Copper	227.0	Metric Tons	Dec - 18

Notional Amounts of Outstanding Derivative Positions

Foreign currency derivatives (in millions)
Functional currency	Traded currency	Notional in traded currency March 31, 2018	Notional in traded currency December 31, 2017	Ending Duration
Brazilian real	Euro	2.7	1.1	Dec - 18
British pound	Euro	30.1	—	Dec - 18
British pound	US dollar	8.6	—	Dec - 18
Chinese renminbi	US dollar	24.4	36.0	Sep - 18
Chinese renminbi	Euro	8.2	18.6	Jun - 18
Euro	Chinese renminbi	59.7	85.0	Dec - 18
Euro	British pound	3.0	3.9	Dec - 18
Euro	Japanese yen	857.8	1,311.3	Dec - 18
Euro	Swedish krona	267.4	267.4	May -18
Euro	US dollar	37.5	56.5	Mar - 19
Japanese yen	Chinese renminbi	62.2	—	Dec - 18
Japanese yen	US dollar	2.0	—	Dec - 18
Korean won	Euro	2.8	3.1	Dec - 18
Korean won	Japanese yen	518.5	619.0	Dec - 18
Korean won	US dollar	8.1	11.2	Dec - 18
Swedish krona	Euro	97.3	109.7	Jan - 20
US dollar	Euro	42.0	42.0	Dec - 18
US dollar	Mexican peso	404.3	—	Dec - 18

Schedule of Foreign Exchange Contracts, Statement of Financial Position

	Cross-Currency Swaps
(millions of dollars)	Notional in USD		Notional in Local Currency		Duration
Fixed $ to fixed €	$	250.0	€	206.2	Sep - 20

Derivatives Instruments in Statements of Financial Position

(in millions)	Assets					Liabilities
Derivatives designated as hedging instruments Under Topic 815:	Location	March 31, 2018		December 31, 2017		Location	March 31, 2018		December 31, 2017
Foreign currency	Prepayments and other current assets	$	1.6	$	0.9	Accounts payable and accrued expenses	$	6.6	$	3.9
	Other non-current assets	$	—	$	0.8	Other non-current liabilities	$	1.8	$	—
Commodity	Prepayments and other current assets	$	—	$	—	Accounts payable and accrued expenses	$	0.1	$	—
Net investment hedges	Other non-current assets	$	—	$	—	Other non-current liabilities	$	7.4	$	—
Derivatives not designated as hedging instruments
Foreign currency	Prepayments and other current assets	—		—		Accounts payable and accrued expenses	3.8		1.1

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	March 31, 2018			December 31, 2017
Foreign currency	$	(6.5	)	$	(2.3	)	$	(4.7	)
Commodity	(0.1		)	—			(0.1		)
Net investment hedges:
Foreign currency	2.9			2.9			—
Cross-currency swap	(7.4		)	—			—
Foreign currency denominated debt	(73.0		)	(57.1		)	—
Total	$	(84.1	)	$	(56.5	)	$	(4.8	)

Derivative Instruments, Gain (Loss)

(in millions)		Three months ended
Contract Type	Location	March 31, 2018		March 31, 2017
Cross-currency swap	Interest expense and finance charges	$	1.3	$	—

(in millions)		Three months ended
Contract Type	Location	March 31, 2018			March 31, 2017
Foreign currency	Selling, general and administrative expenses	$	(3.7	)	$	(0.9	)

	Three Months Ended March 31, 2018
(in millions)	Net sales			Cost of sales			Selling, general and administrative expenses
Total amounts of income and expense line items presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded	$	2,784.3		$	2,192.5		$	253.4
Gain (loss) on cash flow hedging relationships:
Foreign currency
Gain (loss) reclassified from AOCI to income	$	(0.1	)	$	(1.1	)	$	—
Gain (loss) reclassified from AOCI to income as a result that a forecasted transaction is no longer probable of occurring	$	—		$	—		$	—
Commodity
Gain (loss) reclassified from AOCI to income	$	—		$	—		$	—
Gain (loss) reclassified from AOCI to income as a result that a forecasted transaction is no longer probable of occurring	$	—		$	—		$	—

	Three Months Ended March 31, 2017
(in millions)	Net sales		Cost of sales		Selling, general and administrative expenses
Total amounts of income and expense line items presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded	$	2,407.0	$	1,890.7	$	219.0
Gain (loss) on cash flow hedging relationships:
Foreign currency
Gain (loss) reclassified from AOCI to income	$	1.1	$	0.8	$	—
Gain (loss) reclassified from AOCI to income as a result that a forecasted transaction is no longer probable of occurring	$	—	$	—	$	0.1
Commodity
Gain (loss) reclassified from AOCI to income	$	—	$	0.2	$	—
Gain (loss) reclassified from AOCI to income as a result that a forecasted transaction is no longer probable of occurring	$	—	$	—	$	—