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Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Price Risk Derivatives | At September 30, 2015, the following commodity derivative contracts were outstanding:
| Commodity derivative contracts
Commodity | Volume hedged September 30, 2015 |  | Units of measure |  | Duration
Copper | 362.2 |  |  | Metric Tons |  | Dec -16
Schedule of Interest Rate Derivatives [Table Text Block] |
| Interest rate swap contracts
(in millions) | Hedge Type |  | Notional Amount |  | Duration
Fixed to floating | Fair value |  | $ | 250.0 |  |  | Sept - 20
Fixed to floating | Fair value |  | $ | 134.0 |  |  | Oct - 19
Notional Amounts of Outstanding Derivative Positions | At September 30, 2015 and December 31, 2014, the following foreign currency derivative contracts were outstanding:
Foreign currency derivatives (in millions)
Functional currency |  | Traded currency |  | Notional in traded currency September 30, 2015 |  | Notional in traded currency December 31, 2014 |  | Duration
Chinese yuan |  | Euro |  | 38.8 |  |  | — |  |  | Dec - 16
Chinese yuan |  | US dollar |  | 17.0 |  |  | 24.9 |  |  | Dec - 16
Euro |  | British pound |  | 1.4 |  |  | 5.7 |  |  | Dec - 15
Euro |  | Japanese yen |  | 1,571.7 |  |  | 4,371.8 |  |  | Dec - 16
Euro |  | US dollar |  | 33.6 |  |  | 23.5 |  |  | Dec - 16
Japanese yen |  | Chinese yuan |  | 23.4 |  |  | 88.6 |  |  | Dec - 15
Japanese yen |  | Korean won |  | 1,641.2 |  |  | 6,712.5 |  |  | Dec - 15
Japanese yen |  | US dollar |  | 1.0 |  |  | 3.8 |  |  | Dec - 15
Korean won |  | Euro |  | 4.7 |  |  | 2.5 |  |  | Dec - 16
Korean won |  | Japanese yen |  | 283.0 |  |  | 72.0 |  |  | Dec - 15
Korean won |  | US dollar |  | 28.6 |  |  | 22.7 |  |  | Dec - 16
Mexican peso |  | US dollar |  | 3.4 |  |  | 22.6 |  |  | Dec - 15
Swedish krona |  | Euro |  | 8.0 |  |  | 31.4 |  |  | Dec - 15
US dollar |  | Euro |  | 500.0 |  |  | — |  |  | Dec - 15
Derivatives Instruments in Statements of Financial Position | At September 30, 2015 and December 31, 2014, the following amounts were recorded in the Condensed Consolidated Balance Sheets as being payable to or receivable from counterparties under ASC Topic 815:
|  | Assets |  | Liabilities
(in millions) |  | Location |  | September 30, 2015 |  | December 31, 2014 |  | Location |  | September 30, 2015 |  | December 31, 2014
Foreign currency |  | Prepayments and other current assets |  | $ | 3.9 |  |  | $ | 3.7 |  |  | Accounts payable and accrued expenses |  | $ | 2.3 |  |  | $ | 2.4 |
|  | Other non-current assets |  | $ | 0.2 |  |  | $ | 0.1 |  |  | Other non-current liabilities |  | $ | 0.2 |  |  | $ | 0.5 |
Commodity |  | Prepayments and other current assets |  | $ | — |  |  | $ | — |  |  | Accounts payable and accrued expenses |  | $ | 0.3 |  |  | $ | — |
Interest rate swaps |  | Other non-current assets |  | $ | 2.8 |  |  | $ | — |  |  | Accounts payable and accrued expenses |  | $ | — |  |  | $ | — |
Net investment hedge |  | Prepayments and other current assets |  | $ | — |  |  | $ | — |  |  | Accounts payable and accrued expenses |  | $ | 3.1 |  |  | $ | — |
Deferred Losses Reported In Accumulated Other Comprehensive Income Loss | The table below shows deferred gains (losses) reported in AOCI as well as the amount expected to be reclassified to income in one year or less. The amount expected to be reclassified to income in one year or less assumes no change in the current relationship of the hedged item at September 30, 2015 market rates.
(in millions) |  | Deferred gain (loss) in AOCI at |  | Gain (loss) expected to be reclassified to income in one year or less
Contract Type |  | September 30, 2015 |  | December 31, 2014 |
Foreign currency |  | $ | 2.5 |  |  | $ | 1.3 |  |  | $ | 2.4 |
Commodity |  | (0.3 | ) |  | — |  |  | (0.3 | )
Net investment hedge |  | (3.6 | ) |  | 0.2 |  |  | — |
Total |  | $ | (1.4 | ) |  | $ | 1.5 |  |  | $ | 2.1 |
Derivatives Designated As Cash Flow Hedging Instruments | Derivative instruments designated as hedging instruments as defined by ASC Topic 815 held during the period resulted in the following gains and losses recorded in income:
|  |  |  | Gain (loss) reclassified from AOCI to income (effective portion) |  |  |  | Gain (loss) recognized in income (ineffective portion)
(in millions) |  |  |  | Three Months Ended |  |  |  | Three Months Ended
Contract Type |  | Location |  | September 30, 2015 |  | September 30, 2014 |  | Location |  | September 30, 2015 |  | September 30, 2014
Foreign currency |  | Sales |  | $ | (1.3 | ) |  | $ | 0.7 |  |  | SG&A expense |  | $ | — |  |  | $ | 0.1 |
Foreign currency |  | Cost of goods sold |  | $ | 1.8 |  |  | $ | 0.2 |  |  | SG&A expense |  | $ | — |  |  | $ | (0.1 | )
Foreign currency |  | SG&A expense |  | $ | — |  |  | $ | (0.2 | ) |  | SG&A expense |  | $ | — |  |  | $ | — |
Commodity |  | Cost of goods sold |  | $ | (0.1 | ) |  | $ | — |  |  | Cost of goods sold |  | $ | — |  |  | $ | — |
Cross-currency swap |  | Interest expense |  | $ | 0.4 |  |  | $ | — |  |  | Interest expense |  | $ | — |  |  | $ | 0.4 |
|  |  |  | Gain (loss) reclassified from AOCI to income (effective portion) |  |  |  | Gain (loss) recognized in income (ineffective portion)
(in millions) |  |  |  | Nine Months Ended |  |  |  | Nine Months Ended
Contract Type |  | Location |  | September 30, 2015 |  | September 30, 2014 |  | Location |  | September 30, 2015 |  | September 30, 2014
Foreign currency |  | Sales |  | $ | (1.6 | ) |  | $ | 2.0 |  |  | SG&A expense |  | $ | (0.4 | ) |  | $ | 0.2 |
Foreign currency |  | Cost of goods sold |  | $ | 5.6 |  |  | $ | (1.6 | ) |  | SG&A expense |  | $ | 0.1 |  |  | $ | (0.1 | )
Foreign currency |  | SG&A expense |  | $ | — |  |  | $ | (0.6 | ) |  | SG&A expense |  | $ | — |  |  | $ | — |
Commodity |  | Cost of goods sold |  | $ | (0.1 | ) |  | $ | — |  |  | Cost of goods sold |  | $ | — |  |  | $ | — |
Cross-currency swap |  | Interest expense |  | $ | 0.4 |  |  | $ | — |  |  | Interest expense |  | $ | — |  |  | $ | 1.0 |

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