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Derivative Financial Instruments and Hedging (Tables) | 12 Months Ended
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Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of derivative instruments |
(In millions) |  |  |  | December 31, 2015 |  | December 31, 2014
Asset derivatives |  | Balance sheet location |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |
Foreign exchange contracts |  | Prepaid expenses and other current assets |  | $ | 1.6 |  |  | $ | 23.6 |
Nickel and other raw material contracts |  | Prepaid expenses and other current assets |  | — |  |  | 1.1 |
Foreign exchange contracts |  | Other assets |  | 0.4 |  |  | 28.3 |
Nickel and other raw material contracts |  | Other assets |  | — |  |  | 0.5 |
Total derivatives designated as hedging instruments: |  |  |  | $ | 2.0 |  |  | $ | 53.5 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |
Foreign exchange contracts |  | Prepaid expenses and other current assets |  | 0.4 |  |  | 6.4 |
Total derivatives not designated as hedging instruments: |  | 0.4 |  |  | 6.4 |
Total asset derivatives |  |  |  | $ | 2.4 |  |  | $ | 59.9 |
Liability derivatives |  | Balance sheet location |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |
Natural gas contracts |  | Accrued liabilities |  | $ | 17.3 |  |  | $ | 10.2 |
Foreign exchange contracts |  | Accrued liabilities |  | 0.1 |  |  | — |
Nickel and other raw material contracts |  | Accrued liabilities |  | 22.2 |  |  | 5.8 |
Electricity contracts |  | Accrued liabilities |  | — |  |  | 0.1 |
Foreign exchange contracts |  | Other long-term liabilities |  | 0.1 |  |  | — |
Natural gas contracts |  | Other long-term liabilities |  | 8.5 |  |  | 7.9 |
Nickel and other raw material contracts |  | Other long-term liabilities |  | 23.0 |  |  | 3.0 |
Total liability derivatives |  |  |  | $ | 71.2 |  |  | $ | 27.0 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |
Foreign exchange contracts |  | Accrued liabilities |  | 0.1 |  |  | — |
Total derivatives not designated as hedging instruments: |  | 0.1 |  |  | — |
Total liability derivatives |  |  |  | $ | 71.3 |  |  | $ | 27.0 |
Schedule of derivative instruments gain (loss) | Activity with regard to derivatives designated as cash flow hedges for the year ended December 31, 2015 were as follows (in millions):
Derivatives in Cash Flow Hedging Relationships |  | Amount of Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) |  | Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) (a) |  | Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing) (b)
| 2015 |  | 2014 |  | 2015 |  | 2014 |  | 2015 |  | 2014
Nickel and other raw material contracts |  | $ | (34.2 | ) |  | $ | (1.6 | ) |  | $ | (10.5 | ) |  | $ | (0.6 | ) |  | $ | — |  |  | $ | — |
Natural gas contracts |  | (14.1 | ) |  | (10.9 | ) |  | (9.2 | ) |  | 2.1 |  |  | (2.1 | ) |  | — |
Electricity contracts |  | — |  |  | 0.5 |  |  | (0.1 | ) |  | 0.4 |  |  | — |  |  | — |
Foreign exchange contracts |  | 27.6 |  |  | 40.1 |  |  | 24.3 |  |  | 0.3 |  |  | 8.9 |  |  | — |
Total |  | $ | (20.7 | ) |  | $ | 28.1 |  |  | $ | 4.5 |  |  | $ | 2.2 |  |  | $ | 6.8 |  |  | $ | — |
(a) | The gains (losses) reclassified from accumulated OCI into income related to the effective portion of the derivatives are presented in cost of sales in the same period or periods in which the hedged item affects earnings.
(b) | The gains (losses) recognized in income on derivatives related to the ineffective portion and the amount excluded from effectiveness testing are presented in selling and administrative expenses.
Schedule of derivatives not designated as hedging instruments, gain (loss) | These derivatives that are not designated as hedging instruments were as follows:
(In millions) |  | Amount of Gain (Loss) Recognized in Income on Derivatives
Derivatives Not Designated as Hedging Instruments |  | 2015 |  | 2014
Foreign exchange contracts |  | $ | 3.9 |  |  | $ | 5.2 |

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- 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=56946850&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=56946850&loc=SL5618551-113959 + Details
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