XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Derivative Financial Instruments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Foreign Currency Contracts | As of June 30, 2017, we had outstanding foreign currency contracts to purchase and sell certain pairs of currencies, as follows:
(in millions) |  |  | Sell
Currency | Purchase |  | U. S. Dollar (“USD”) | Euro
USD | 38.2 |  |  | — |  | 35.6 |
Yen | 4,082.1 |  |  | 24.0 |  | 11.5 |
Singapore Dollar | 25.6 |  |  | 12.4 |  | 5.3 |
Effects of Derivative Instruments on Other Comprehensive Income ('OCI') and Earnings | The following table summarizes the effects of derivative instruments designated as hedges on other comprehensive income (“OCI”) and earnings, net of tax:
| Amount of (Loss) Gain Recognized in OCI for the |  | Amount of Loss (Gain) Reclassified from Accumulated OCI into Income for the |  | Location of Loss (Gain) Reclassified from Accumulated OCI into Income
| Three Months Ended June 30, |  | Three Months Ended June 30, |
($ in millions) | 2017 |  | 2016 |  | 2017 |  | 2016 |  |
Cash Flow Hedges: |  |  |  |  |  |  |  |  |
Foreign currency hedge contracts | $ | (1.2 | ) |  | $ | 0.3 |  |  | $ | 0.2 |  |  | $ | 0.1 |  |  | Net sales
Foreign currency hedge contracts | (2.2 | ) |  | 0.9 |  |  | 0.1 |  |  | — |  |  | Cost of goods and services sold
Interest rate swap contracts | — |  |  | (0.1 | ) |  | 0.2 |  |  | 0.2 |  |  | Interest expense
Total | $ | (3.4 | ) |  | $ | 1.1 |  |  | $ | 0.5 |  |  | $ | 0.3 |  |  |
Net Investment Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency-denominated debt | $ | (0.9 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | Other expense
Total | $ | (0.9 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
| Amount of (Loss) Gain Recognized in OCI for the |  | Amount of Loss (Gain) Reclassified from Accumulated OCI into Income for the |  | Location of Loss (Gain) Reclassified from Accumulated OCI into Income
| Six Months Ended June 30, |  | Six Months Ended June 30, |
($ in millions) | 2017 |  | 2016 |  | 2017 |  | 2016 |  |
Cash Flow Hedges: |  |  |  |  |  |  |  |  |
Foreign currency hedge contracts | $ | (0.9 | ) |  | $ | (0.3 | ) |  | $ | 0.3 |  |  | $ | 0.1 |  |  | Net sales
Foreign currency hedge contracts | (1.1 | ) |  | 0.6 |  |  | 0.1 |  |  | — |  |  | Cost of goods and services sold
Interest rate swap contracts | — |  |  | (0.2 | ) |  | 0.3 |  |  | 0.4 |  |  | Interest expense
Forward treasury locks | — |  |  | — |  |  | 0.1 |  |  | 0.1 |  |  | Interest expense
Total | $ | (2.0 | ) |  | $ | 0.1 |  |  | $ | 0.8 |  |  | $ | 0.6 |  |  |
Net Investment Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency-denominated debt | $ | (1.2 | ) |  | $ | (1.1 | ) |  | $ | — |  |  | $ | — |  |  | Other expense
Total | $ | (1.2 | ) |  | $ | (1.1 | ) |  | $ | — |  |  | $ | — |  |  |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5618551-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41641-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41678-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41638-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5580258-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579245-113959 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579240-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41620-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration