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Derivatives | 6 Months Ended
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Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | 5. DERIVATIVES Our business and financial results are affected by fluctuations in world financial markets, including interest rates and currency exchange rates. Our hedging policy has been developed to manage these risks to an acceptable level based on management’s judgment of the appropriate trade-off between risk, opportunity and cost. We do not hold financial instruments for trading or speculative purposes. Currency forward contracts From time to time, we use foreign currency forward contracts to reduce the effects of fluctuations in exchange rates, primarily relating to the Mexican Peso, Euro, Swedish Krona, Polish Zloty and Pound Sterling. As of June 30, 2015, we have currency forward contracts outstanding with a notional amount of $221.1 million that hedge our exposure to changes in foreign currency exchange rates for our payroll expenses, certain direct and indirect inventory and other working capital items through June 2018. The following table summarizes the reclassification of pre-tax derivative gains (losses) into net income from accumulated other comprehensive income (loss):
|  | Location of |  | Gain (Loss) Reclassified During | Loss Expected to
|  | Gain (Loss) |  | Three Months Ended |  | Six Months Ended |  | be Reclassified
|  | Reclassified into |  | June 30, |  | June 30, |  | During the
|  | Net Income |  | 2015 |  | 2014 |  | 2015 |  | 2014 |  | Next 12 Months
|  |  |  | (in millions) |
Currency forward contracts |  | Cost of Goods Sold |  | $ | (2.3 | ) |  | $ | 0.2 |  |  | $ | (3.8 | ) |  | $ | 0.2 |  |  | $ | (7.4 | )

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