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Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2018
Derivative Instruments, Gain (Loss) [Line Items] |
Schedule of Price Risk Derivatives |
|  | Commodity derivative contracts
|  | Volume hedged |  |  |  |
Commodity |  | June 30, 2018 |  | Units of measure |  | Duration
Copper |  | 151.0 |  |  | Metric Tons |  | Dec - 18
Notional Amounts of Outstanding Derivative Positions |
Foreign currency derivatives (in millions)
Functional currency |  | Traded currency |  | Notional in traded currency June 30, 2018 |  | Notional in traded currency December 31, 2017 |  | Ending Duration
Brazilian real |  | Euro |  | 1.9 |  |  | 1.1 |  |  | Dec - 18
British pound |  | Euro |  | 15.9 |  |  | — |  |  | Dec - 18
British pound |  | US dollar |  | 5.8 |  |  | — |  |  | Dec - 18
Chinese renminbi |  | US dollar |  | 11.6 |  |  | 36.0 |  |  | Sep - 18
Chinese renminbi |  | Euro |  | — |  |  | 18.6 |  |  | Jun - 18
Euro |  | Chinese renminbi |  | 37.0 |  |  | 85.0 |  |  | Dec - 18
Euro |  | British pound |  | 2.0 |  |  | 3.9 |  |  | Dec - 18
Euro |  | Japanese yen |  | 525.3 |  |  | 1,311.3 |  |  | Dec - 18
Euro |  | Swedish krona |  | 267.4 |  |  | 267.4 |  |  | Jun -19
Euro |  | US dollar |  | 24.7 |  |  | 56.5 |  |  | Mar - 19
Japanese yen |  | Chinese renminbi |  | 44.0 |  |  | — |  |  | Dec - 18
Japanese yen |  | US dollar |  | 1.4 |  |  | — |  |  | Dec - 18
Korean won |  | Euro |  | 0.8 |  |  | 3.1 |  |  | Dec - 18
Korean won |  | Japanese yen |  | 213.5 |  |  | 619.0 |  |  | Dec - 18
Korean won |  | US dollar |  | 29.8 |  |  | 11.2 |  |  | Dec - 18
Swedish krona |  | Euro |  | 83.1 |  |  | 109.7 |  |  | Jan - 20
US dollar |  | Euro |  | — |  |  | 42.0 |  |  | Dec - 18
US dollar |  | Mexican peso |  | 264.9 |  |  | — |  |  | Dec - 18
Schedule of Foreign Exchange Contracts, Statement of Financial Position |
| Cross-Currency Swaps
(millions of dollars) | Notional in USD |  | Notional in Local Currency |  | Duration
Fixed $ to fixed € | $ | 250.0 |  |  | € | 206.2 |  |  | Sep - 20
Fixed $ to fixed ¥ | $ | 100.0 |  |  | ¥ | 10,977.5 |  |  | Feb - 23
Derivatives Instruments in Statements of Financial Position |
(in millions) |  | Assets |  | Liabilities
Derivatives designated as hedging instruments Under Topic 815: |  | Location |  | June 30, 2018 |  | December 31, 2017 |  | Location |  | June 30, 2018 |  | December 31, 2017
Foreign currency |  | Prepayments and other current assets |  | $ | 1.5 |  |  | $ | 0.9 |  |  | Accounts payable and accrued expenses |  | $ | 4.0 |  |  | $ | 3.9 |
|  | Other non-current assets |  | $ | — |  |  | $ | 0.8 |  |  | Other non-current liabilities |  | $ | 1.7 |  |  | $ | — |
Commodity |  | Prepayments and other current assets |  | $ | — |  |  | $ | — |  |  | Accounts payable and accrued expenses |  | $ | 0.1 |  |  | $ | — |
Net investment hedges |  | Other non-current assets |  | $ | 6.6 |  |  | $ | — |  |  | Other non-current liabilities |  | $ | — |  |  | $ | — |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency |  | Prepayments and other current assets |  | — |  |  | — |  |  | Accounts payable and accrued expenses |  | 0.5 |  |  | 1.1 |
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 |  | June 30, 2018 |  | December 31, 2017 |
Foreign currency |  | $ | (4.4 | ) |  | $ | (2.3 | ) |  | $ | (2.6 | )
Commodity |  | (0.1 | ) |  | — |  |  | (0.1 | )
Net investment hedges: |  |  |  |  |  |
Foreign currency |  | 2.9 |  |  | 2.9 |  |  | — |
Cross-currency swaps |  | 6.6 |  |  | — |  |  | — |
Foreign currency denominated debt |  | (41.1 | ) |  | (57.1 | ) |  | — |
Total |  | $ | (36.1 | ) |  | $ | (56.5 | ) |  | $ | (2.7 | )
Schedule of Derivative Instruments |
|  | Three Months Ended June 30, 2018
(in millions) |  | Net sales |  | Cost of sales |  | Selling, general and administrative expenses
Total amounts of income and expense line items presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded |  | $ | 2,694.0 |  |  | $ | 2,114.8 |  |  | $ | 236.0 |
Gain (loss) on cash flow hedging relationships: |  |  |  |  |  |
Foreign currency |  |  |  |  |  |
Gain (loss) reclassified from AOCI to income |  | $ | (0.7 | ) |  | $ | (1.5 | ) |  | $ | (0.3 | )
Gain (loss) reclassified from AOCI to income as a result that a forecasted transaction is no longer probable of occurring |  | $ | — |  |  | $ | — |  |  | $ | — |
Commodity |  |  |  |  |  |
Gain (loss) reclassified from AOCI to income |  | $ | — |  |  | $ | — |  |  | $ | — |
Gain (loss) reclassified from AOCI to income as a result that a forecasted transaction is no longer probable of occurring |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | Six Months Ended June 30, 2018
(in millions) |  | Net sales |  | Cost of sales |  | Selling, general and administrative expenses
Total amounts of income and expense line items presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded |  | $ | 5,478.3 |  |  | $ | 4,307.3 |  |  | $ | 489.4 |
Gain (loss) on cash flow hedging relationships: |  |  |  |  |  |
Foreign currency |  |  |  |  |  |
Gain (loss) reclassified from AOCI to income |  | $ | (0.8 | ) |  | $ | (2.6 | ) |  | $ | (0.3 | )
Gain (loss) reclassified from AOCI to income as a result that a forecasted transaction is no longer probable of occurring |  | $ | — |  |  | $ | — |  |  | $ | — |
Commodity |  |  |  |  |  |
Gain (loss) reclassified from AOCI to income |  | $ | — |  |  | $ | — |  |  | $ | — |
Gain (loss) reclassified from AOCI to income as a result that a forecasted transaction is no longer probable of occurring |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | Three Months Ended June 30, 2017
(in millions) |  | Net sales |  | Cost of sales |  | Selling, general and administrative expenses
Total amounts of income and expense line items presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded |  | $ | 2,389.7 |  |  | $ | 1,876.8 |  |  | $ | 215.1 |
Gain (loss) on cash flow hedging relationships: |  |  |  |  |  |
Foreign currency |  |  |  |  |  |
Gain (loss) reclassified from AOCI to income |  | $ | 0.9 |  |  | $ | 0.5 |  |  | $ | — |
Gain (loss) reclassified from AOCI to income as a result that a forecasted transaction is no longer probable of occurring |  | $ | — |  |  | $ | — |  |  | $ | (0.1 | )
Commodity |  |  |  |  |  |
Gain (loss) reclassified from AOCI to income |  | $ | — |  |  | $ | 0.1 |  |  | $ | — |
Gain (loss) reclassified from AOCI to income as a result that a forecasted transaction is no longer probable of occurring |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | Six Months Ended June 30, 2017
(in millions) |  | Net sales |  | Cost of sales |  | Selling, general and administrative expenses
Total amounts of income and expense line items presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded |  | $ | 4,796.7 |  |  | $ | 3,767.5 |  |  | $ | 434.1 |
Gain (loss) on cash flow hedging relationships: |  |  |  |  |  |
Foreign currency |  |  |  |  |  |
Gain (loss) reclassified from AOCI to income |  | $ | 2.0 |  |  | $ | 1.3 |  |  | $ | — |
Gain (loss) reclassified from AOCI to income as a result that a forecasted transaction is no longer probable of occurring |  | $ | — |  |  | $ | — |  |  | $ | — |
Commodity |  |  |  |  |  |
Gain (loss) reclassified from AOCI to income |  | $ | — |  |  | $ | 0.3 |  |  | $ | — |
Gain (loss) reclassified from AOCI to income as a result that a forecasted transaction is no longer probable of occurring |  | $ | — |  |  | $ | — |  |  | $ | — |
Derivative Instruments, Gain (Loss) |
(in millions) |  |  |  | Three months ended
Contract Type |  | Location |  | June 30, 2018 |  | June 30, 2017
Cross-currency swap |  | Interest expense and finance charges |  | $ | 2.2 |  |  | $ | — |
(in millions) |  |  |  | Six months ended
Contract Type |  | Location |  | June 30, 2018 |  | June 30, 2017
Cross-currency swap |  | Interest expense and finance charges |  | $ | 3.5 |  |  | $ | — |
(in millions) |  |  |  | Three months ended
Contract Type |  | Location |  | June 30, 2018 |  | June 30, 2017
Foreign currency |  | Selling, general and administrative expenses |  | $ | 2.5 |  |  | $ | 1.1 |
(in millions) |  |  |  | Six months ended
Contract Type |  | Location |  | June 30, 2018 |  | June 30, 2017
Foreign currency |  | Selling, general and administrative expenses |  | $ | (1.2 | ) |  | $ | 0.1 |

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