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Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Price Risk Derivatives |
| Commodity derivative contracts
Commodity | Volume hedged March 31, 2017 |  | Volume hedged December 31, 2016 |  | Units of measure |  | Duration
Copper | 156.4 |  |  | 213.8 |  |  | Metric Tons |  | Dec -17
Notional Amounts of Outstanding Derivative Positions |
Foreign currency derivatives (in millions)
Functional currency |  | Traded currency |  | Notional in traded currency March 31, 2017 |  | Notional in traded currency December 31, 2016 |  | Duration
Brazilian real |  | Euro |  | 2.8 |  |  | — |  |  | Jan - 18
Chinese renminbi |  | US dollar |  | 22.6 |  |  | 33.5 |  |  | Dec - 17
Euro |  | Chinese renminbi |  | 93.8 |  |  | — |  |  | Dec - 17
Euro |  | British pound |  | 3.1 |  |  | 4.2 |  |  | Dec - 17
Euro |  | Japanese yen |  | 1,711.2 |  |  | 1,004.8 |  |  | Dec - 17
Euro |  | Polish zloty |  | 100.6 |  |  | 18.8 |  |  | Dec - 17
Euro |  | US dollar |  | 30.5 |  |  | 35.3 |  |  | Dec - 17
Japanese yen |  | Chinese renminbi |  | 52.1 |  |  | 68.7 |  |  | Dec - 17
Japanese yen |  | Korean won |  | 4,317.1 |  |  | 5,689.2 |  |  | Dec - 17
Japanese yen |  | US dollar |  | 1.5 |  |  | 2.0 |  |  | Dec - 17
Korean won |  | Euro |  | 9.8 |  |  | — |  |  | Dec - 17
Korean won |  | Japanese yen |  | 649.6 |  |  | 539.9 |  |  | Dec - 17
Korean won |  | US dollar |  | 17.9 |  |  | 14.2 |  |  | Dec - 17
Mexican peso |  | US dollar |  | 9.6 |  |  | 10.5 |  |  | Dec - 17
Swedish krona |  | Euro |  | 37.6 |  |  | 48.2 |  |  | Dec - 17
US dollar |  | Korean won |  | 25,269.3 |  |  | — |  |  | Jun - 17
Derivatives Instruments in Statements of Financial Position |
|  | Assets |  | Liabilities
(in millions) |  | Location |  | March 31, 2017 |  | December 31, 2016 |  | Location |  | March 31, 2017 |  | December 31, 2016
Foreign currency |  | Prepayments and other current assets |  | $ | 6.2 |  |  | $ | 7.2 |  |  | Accounts payable and accrued expenses |  | $ | 2.3 |  |  | $ | 1.1 |
Commodity |  | Prepayments and other current assets |  | $ | 0.2 |  |  | $ | 0.1 |  |  | Accounts payable and accrued expenses |  | $ | — |  |  | $ | — |
Deferred Losses Reported In Accumulated Other Comprehensive Income Loss |
(in millions) |  | Deferred gain (loss) in AOCI at |  | Gain (loss) expected to be reclassified to income in one year or less
Contract Type |  | March 31, 2017 |  | December 31, 2016 |
Foreign currency |  | $ | 4.2 |  |  | $ | 5.6 |  |  | $ | 4.2 |
Commodity |  | 0.2 |  |  | (0.1 | ) |  | 0.2 |
Net investment hedges |  | 22.7 |  |  | 29.5 |  |  | — |
Total |  | $ | 27.1 |  |  | $ | 35.0 |  |  | $ | 4.4 |
Gain (Loss) on Derivatives Designated As Hedging Instruments |
|  |  |  | 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 |  | March 31, 2017 |  | March 31, 2016 |  | Location |  | March 31, 2017 |  | March 31, 2016
Foreign currency |  | Sales |  | $ | 1.1 |  |  | $ | — |  |  | SG&A expense |  | $ | 0.1 |  |  | $ | — |
Foreign currency |  | Cost of goods sold |  | $ | 0.8 |  |  | $ | (0.5 | ) |  | SG&A expense |  | $ | — |  |  | $ | 0.2 |
Commodity |  | Cost of goods sold |  | $ | 0.2 |  |  | $ | (0.1 | ) |  | Cost of goods sold |  | $ | — |  |  | $ | — |
Fair Value Hedges
(in millions) |  |  |  | Three Months Ended March 31, 2017 |  | Three Months Ended March 31, 2016
Contract Type |  | Location |  | Gain (loss) on swaps |  | Gain (loss) on borrowings |  | Gain (loss) on swaps |  | Gain (loss) on borrowings
Interest rate swap |  | Interest expense and finance charges |  | $ | — |  |  | $ | — |  |  | $ | 8.7 |  |  | $ | (8.7 | )
Derivatives not designated as hedges are used to hedge remeasurement exposures of monetary assets and liabilities designated in currencies other than the operating units’ functional currency. These derivatives resulted in the following gains and losses recorded in income:
|  |  |  | Gain (loss) recognized in income
(in millions) |  |  |  | Three Months Ended
Contract Type |  | Location |  | March 31, 2017 |  | March 31, 2016
Foreign currency |  | SG&A expense |  | $ | (0.9 | ) |  | $ | — |

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