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Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Price Risk Derivatives |
| Commodity derivative contracts
Commodity | Volume hedged September 30, 2017 |  | Volume hedged December 31, 2016 |  | Units of measure |  | Duration
Copper | 49.1 |  |  | 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 September 30, 2017 |  | Notional in traded currency December 31, 2016 |  | Duration
Brazilian real |  | Euro |  | 1.1 |  |  | — |  |  | Jan - 18
Chinese renminbi |  | US dollar |  | 49.0 |  |  | 33.5 |  |  | Nov - 18
Chinese renminbi |  | Euro |  | 31.8 |  |  | — |  |  | Jun - 18
Euro |  | Chinese renminbi |  | 30.2 |  |  | — |  |  | Dec - 17
Euro |  | British pound |  | 1.0 |  |  | 4.2 |  |  | Dec - 17
Euro |  | Japanese yen |  | 774.0 |  |  | 1,004.8 |  |  | Dec - 18
Euro |  | Polish zloty |  | 33.6 |  |  | 18.8 |  |  | Dec - 17
Euro |  | Swedish krona |  | 267.4 |  |  | — |  |  | May -18
Euro |  | US dollar |  | 30.3 |  |  | 35.3 |  |  | Dec - 18
Japanese yen |  | Chinese renminbi |  | 18.1 |  |  | 68.7 |  |  | Dec - 17
Japanese yen |  | Korean won |  | 1,441.5 |  |  | 5,689.2 |  |  | Dec - 17
Japanese yen |  | US dollar |  | 0.5 |  |  | 2.0 |  |  | Dec - 17
Korean won |  | Euro |  | 3.2 |  |  | — |  |  | Dec - 17
Korean won |  | Japanese yen |  | 208.5 |  |  | 539.9 |  |  | Dec - 17
Korean won |  | US dollar |  | 5.1 |  |  | 14.2 |  |  | Dec - 17
Mexican peso |  | US dollar |  | 4.9 |  |  | 10.5 |  |  | Dec - 17
Swedish krona |  | Euro |  | 12.5 |  |  | 48.2 |  |  | Dec - 17
US dollar |  | Euro |  | 100.0 |  |  | — |  |  | Dec - 17
Derivatives Instruments in Statements of Financial Position |
|  | Assets |  | Liabilities
(in millions) |  | Location |  | September 30, 2017 |  | December 31, 2016 |  | Location |  | September 30, 2017 |  | December 31, 2016
Foreign currency |  | Prepayments and other current assets |  | $ | 2.9 |  |  | $ | 7.2 |  |  | Accounts payable and accrued expenses |  | $ | 2.9 |  |  | $ | 1.1 |
Commodity |  | Prepayments and other current assets |  | $ | 0.1 |  |  | $ | 0.1 |  |  | Accounts payable and accrued expenses |  | $ | — |  |  | $ | — |
Net investment hedge |  | Prepayments and other current assets |  | $ | — |  |  | $ | — |  |  | Accounts payable and accrued expenses |  | $ | 9.6 |  |  | $ | — |
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 |  | September 30, 2017 |  | December 31, 2016 |
Foreign currency |  | $ | (0.9 | ) |  | $ | 5.6 |  |  | $ | (0.9 | )
Commodity |  | 0.1 |  |  | (0.1 | ) |  | 0.1 |
Net investment hedges |  | (45.3 | ) |  | 29.5 |  |  | — |
Total |  | $ | (46.1 | ) |  | $ | 35.0 |  |  | $ | (0.8 | )
Derivative Instruments, Gain (Loss) | Cash Flow Hedges
|  |  |  | 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, 2017 |  | September 30, 2016 |  | Location |  | September 30, 2017 |  | September 30, 2016
Foreign currency |  | Sales |  | $ | 1.3 |  |  | $ | 0.7 |  |  | SG&A expense |  | $ | — |  |  | $ | — |
Foreign currency |  | Cost of goods sold |  | $ | (0.4 | ) |  | $ | (0.4 | ) |  | SG&A expense |  | $ | (0.1 | ) |  | $ | 0.1 |
Commodity |  | Cost of goods sold |  | $ | 0.1 |  |  | $ | (0.4 | ) |  | Cost of goods sold |  | $ | — |  |  | $ | — |
|  |  |  | 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, 2017 |  | September 30, 2016 |  | Location |  | September 30, 2017 |  | September 30, 2016
Foreign currency |  | Sales |  | $ | 3.3 |  |  | $ | 0.9 |  |  | SG&A expense |  | $ | — |  |  | $ | — |
Foreign currency |  | Cost of goods sold |  | $ | 0.9 |  |  | $ | (0.6 | ) |  | SG&A expense |  | $ | (0.1 | ) |  | $ | 0.2 |
Commodity |  | Cost of goods sold |  | $ | 0.4 |  |  | $ | (1.5 | ) |  | Cost of goods sold |  | $ | — |  |  | $ | — |
Fair Value Hedges
(in millions) |  |  |  | Three Months Ended September 30, 2017 |  | Three Months Ended September 30, 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 |  | $ | — |  |  | $ | — |  |  | $ | (2.8 | ) |  | $ | 2.8 |
(in millions) |  |  |  | Nine Months Ended September 30, 2017 |  | Nine Months Ended September 30, 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 |  | $ | — |  |  | $ | — |  |  | $ | 8.5 |  |  | $ | (8.5 | )

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