XML 50 R38.htm IDEA: XBRL DOCUMENT v3.5.0.2
Derivative Financial Instruments and Hedging (Details)
€ in Millions, lb in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2016
USD ($)
lb
Jun. 30, 2015
USD ($)
Jun. 30, 2016
EUR (€)
Derivative Instruments Gain Loss [Line Items]          
Percentage of estimated annual nickel requirements     30.00%    
Percentage Of Forecasted Natural Gas Usage Hedged for 2017     80.00%    
Percentage Of Forecasted Natural Gas Usage Hedged for 2018     25.00%    
Reclassification of Cash Flow Hedge Gain (Loss) [Abstract]          
Cash Flow Hedge Gain (Loss) To Be Reclassified Within Twelve Months     $ (12.7)    
Other Comprehensive Income (Loss) [Member] | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net $ 16.3 $ (6.4) 10.6 $ 5.0  
Cost Of Sales | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Reclassified From Accumulated OCI Into Income Effective Portion Net (1.6) 1.3 (4.0) 3.0  
Selling And Administrative Expenses | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net (0.2) 0.0 $ (0.9) 0.0  
Nickel          
Derivative Instruments Gain Loss [Line Items]          
Notional amount of nickel hedge (in pounds of nickel) | lb     31    
Nickel and other raw material contracts | Other Comprehensive Income (Loss) [Member] | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net 12.2 (3.5) $ 8.8 (13.1)  
Nickel and other raw material contracts | Cost Of Sales | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Reclassified From Accumulated OCI Into Income Effective Portion Net (3.8) (2.4) (7.7) (4.6)  
Nickel and other raw material contracts | Selling And Administrative Expenses | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net 0.0 0.0 0.0 0.0  
Natural gas contracts | Other Comprehensive Income (Loss) [Member] | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net 4.3 0.2 2.3 (5.8)  
Natural gas contracts | Cost Of Sales | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Reclassified From Accumulated OCI Into Income Effective Portion Net (2.7) (2.4) (5.9) (4.8)  
Natural gas contracts | Selling And Administrative Expenses | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net (0.2) 0.0 (0.9) 0.0  
Electricity contracts | Other Comprehensive Income (Loss) [Member] | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net 0.0 0.0 0.0 0.0  
Electricity contracts | Cost Of Sales | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Reclassified From Accumulated OCI Into Income Effective Portion Net 0.0 0.0 0.0 (0.1)  
Electricity contracts | Selling And Administrative Expenses | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net 0.0 0.0 0.0 0.0  
Foreign exchange contracts | Other Comprehensive Income (Loss) [Member] | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net (0.2) (3.1) (0.5) 23.9  
Foreign exchange contracts | Cost Of Sales | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Reclassified From Accumulated OCI Into Income Effective Portion Net 4.9 6.1 9.6 12.5  
Foreign exchange contracts | Selling And Administrative Expenses | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net 0.0 0.0 0.0 0.0  
Designated as Hedging Instrument | Foreign exchange forward | Cost Of Sales | Fair Value Hedging          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Recognized In Income Net 3.1 1.9 (2.5) 7.4  
Designated as Hedging Instrument | Foreign exchange forward | Maturity Dates Through 2017 [Member] | Fair Value Hedging          
Derivative Instruments Gain Loss [Line Items]          
Notional amount of derivative | €         € 91.2
Designated as Hedging Instrument | Natural gas contracts | Cash Flow Hedging          
Derivative Instruments Gain Loss [Line Items]          
Loss on Cash Flow Hedge Ineffectiveness 0.2   1.3    
Not Designated as Hedging Instrument | Foreign exchange forward | Maturity Dates Through 2016          
Derivative Instruments Gain Loss [Line Items]          
Notional amount of derivative | €         € 14.0
Not Designated as Hedging Instrument | Foreign exchange contracts | Cost Of Sales          
Derivative Instruments Gain Loss [Line Items]          
Derivative Instruments Gain Loss Recognized In Income Net $ 0.7 $ (0.5) $ 0.1 $ 3.0