Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2018

Derivative Instruments, Gain (Loss) [Line Items]

Schedule of Price Risk Derivatives

	Commodity derivative contracts
	Volume hedged
Commodity	June 30, 2018	Units of measure	Duration
Copper	151.0	Metric Tons	Dec - 18

Notional Amounts of Outstanding Derivative Positions

Foreign currency derivatives (in millions)
Functional currency	Traded currency	Notional in traded currency June 30, 2018	Notional in traded currency December 31, 2017	Ending Duration
Brazilian real	Euro	1.9	1.1	Dec - 18
British pound	Euro	15.9	—	Dec - 18
British pound	US dollar	5.8	—	Dec - 18
Chinese renminbi	US dollar	11.6	36.0	Sep - 18
Chinese renminbi	Euro	—	18.6	Jun - 18
Euro	Chinese renminbi	37.0	85.0	Dec - 18
Euro	British pound	2.0	3.9	Dec - 18
Euro	Japanese yen	525.3	1,311.3	Dec - 18
Euro	Swedish krona	267.4	267.4	Jun -19
Euro	US dollar	24.7	56.5	Mar - 19
Japanese yen	Chinese renminbi	44.0	—	Dec - 18
Japanese yen	US dollar	1.4	—	Dec - 18
Korean won	Euro	0.8	3.1	Dec - 18
Korean won	Japanese yen	213.5	619.0	Dec - 18
Korean won	US dollar	29.8	11.2	Dec - 18
Swedish krona	Euro	83.1	109.7	Jan - 20
US dollar	Euro	—	42.0	Dec - 18
US dollar	Mexican peso	264.9	—	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
Fixed $ to fixed ¥	$	100.0	¥	10,977.5	Feb - 23

Derivatives Instruments in Statements of Financial Position

(in millions)	Assets					Liabilities
Derivatives designated as hedging instruments Under Topic 815:	Location	June 30, 2018		December 31, 2017		Location	June 30, 2018		December 31, 2017
Foreign currency	Prepayments and other current assets	$	1.5	$	0.9	Accounts payable and accrued expenses	$	4.0	$	3.9
	Other non-current assets	$	—	$	0.8	Other non-current liabilities	$	1.7	$	—
Commodity	Prepayments and other current assets	$	—	$	—	Accounts payable and accrued expenses	$	0.1	$	—
Net investment hedges	Other non-current assets	$	6.6	$	—	Other non-current liabilities	$	—	$	—
Derivatives not designated as hedging instruments
Foreign currency	Prepayments and other current assets	—		—		Accounts payable and accrued expenses	0.5		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	June 30, 2018			December 31, 2017
Foreign currency	$	(4.4	)	$	(2.3	)	$	(2.6	)
Commodity	(0.1		)	—			(0.1		)
Net investment hedges:
Foreign currency	2.9			2.9			—
Cross-currency swaps	6.6			—			—
Foreign currency denominated debt	(41.1		)	(57.1		)	—
Total	$	(36.1	)	$	(56.5	)	$	(2.7	)

Schedule of Derivative Instruments

	Three Months Ended June 30, 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	$	2,694.0		$	2,114.8		$	236.0
Gain (loss) on cash flow hedging relationships:
Foreign currency
Gain (loss) reclassified from AOCI to income	$	(0.7	)	$	(1.5	)	$	(0.3	)
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	$	—		$	—		$	—

	Six Months Ended June 30, 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	$	5,478.3		$	4,307.3		$	489.4
Gain (loss) on cash flow hedging relationships:
Foreign currency
Gain (loss) reclassified from AOCI to income	$	(0.8	)	$	(2.6	)	$	(0.3	)
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 June 30, 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	$	2,389.7	$	1,876.8	$	215.1
Gain (loss) on cash flow hedging relationships:
Foreign currency
Gain (loss) reclassified from AOCI to income	$	0.9	$	0.5	$	—
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	$	—	$	0.1	$	—
Gain (loss) reclassified from AOCI to income as a result that a forecasted transaction is no longer probable of occurring	$	—	$	—	$	—

	Six Months Ended June 30, 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	$	4,796.7	$	3,767.5	$	434.1
Gain (loss) on cash flow hedging relationships:
Foreign currency
Gain (loss) reclassified from AOCI to income	$	2.0	$	1.3	$	—
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	$	—	$	0.3	$	—
Gain (loss) reclassified from AOCI to income as a result that a forecasted transaction is no longer probable of occurring	$	—	$	—	$	—

Derivative Instruments, Gain (Loss)

(in millions)		Three months ended
Contract Type	Location	June 30, 2018		June 30, 2017
Cross-currency swap	Interest expense and finance charges	$	2.2	$	—

(in millions)		Six months ended
Contract Type	Location	June 30, 2018		June 30, 2017
Cross-currency swap	Interest expense and finance charges	$	3.5	$	—

(in millions)		Three months ended
Contract Type	Location	June 30, 2018		June 30, 2017
Foreign currency	Selling, general and administrative expenses	$	2.5	$	1.1

(in millions)		Six months ended
Contract Type	Location	June 30, 2018			June 30, 2017
Foreign currency	Selling, general and administrative expenses	$	(1.2	)	$	0.1