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Financial Instruments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2018
Derivative Instruments, Gain (Loss) [Line Items] |
Schedule of Price Risk Derivatives |
|  | Commodity derivative contracts
|  | Volume hedged |  |  |  |
Commodity |  | September 30, 2018 |  | Units of measure |  | Duration
Copper |  | 327.9 |  |  | Metric Tons |  | Dec - 19
Notional Amounts of Outstanding Derivative Positions |
Foreign currency derivatives (in millions)
Functional currency |  | Traded currency |  | Notional in traded currency September 30, 2018 |  | Notional in traded currency December 31, 2017 |  | Ending Duration
Brazilian real |  | Euro |  | 0.9 |  |  | 1.1 |  |  | Dec - 18
British pound |  | Euro |  | 8.8 |  |  | — |  |  | Dec - 18
British pound |  | US dollar |  | 2.9 |  |  | — |  |  | Dec - 18
Chinese renminbi |  | US dollar |  | — |  |  | 36.0 |  |  | Sep - 18
Chinese renminbi |  | Euro |  | — |  |  | 18.6 |  |  | Jun - 18
Euro |  | Chinese renminbi |  | 18.3 |  |  | 85.0 |  |  | Dec - 18
Euro |  | British pound |  | 1.0 |  |  | 3.9 |  |  | Dec - 18
Euro |  | Japanese yen |  | 281.3 |  |  | 1,311.3 |  |  | Dec - 18
Euro |  | Swedish krona |  | 467.6 |  |  | 267.4 |  |  | Jun -19
Euro |  | US dollar |  | 13.3 |  |  | 56.5 |  |  | Mar - 19
Japanese yen |  | Chinese renminbi |  | 24.7 |  |  | — |  |  | Dec - 18
Japanese yen |  | US dollar |  | 0.8 |  |  | — |  |  | Dec - 18
Korean won |  | Euro |  | 0.3 |  |  | 3.1 |  |  | Dec - 18
Korean won |  | Japanese yen |  | 202.1 |  |  | 619.0 |  |  | Dec - 18
Korean won |  | US dollar |  | 16.3 |  |  | 11.2 |  |  | Dec - 18
Swedish krona |  | Euro |  | 70.2 |  |  | 109.7 |  |  | Jan - 20
US dollar |  | Euro |  | 50.0 |  |  | 42.0 |  |  | Dec - 18
US dollar |  | Korean won |  | 44,902.3 |  |  | — |  |  | Dec - 18
US dollar |  | Mexican peso |  | 139.2 |  |  | — |  |  | Dec - 18
Schedule of Foreign Exchange Contracts, Statement of Financial Position |
| Cross-Currency Swaps
(in millions) | 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 |  | September 30, 2018 |  | December 31, 2017 |  | Location |  | September 30, 2018 |  | December 31, 2017
Foreign currency |  | Prepayments and other current assets |  | $ | 1.2 |  |  | $ | 0.9 |  |  | Accounts payable and accrued expenses |  | $ | 2.4 |  |  | $ | 3.9 |
|  | Other non-current assets |  | $ | — |  |  | $ | 0.8 |  |  | Other non-current liabilities |  | $ | 0.7 |  |  | $ | — |
Commodity |  | Prepayments and other current assets |  | $ | — |  |  | $ | — |  |  | Accounts payable and accrued expenses |  | $ | 0.2 |  |  | $ | — |
Net investment hedges |  | Prepayments and other current assets |  | $ | 0.7 |  |  | $ | — |  |  | Accounts payable and accrued expenses |  | $ | 0.3 |  |  | $ | — |
|  | Other non-current assets |  | $ | 10.0 |  |  | $ | — |  |  | Other non-current liabilities |  | $ | — |  |  | $ | — |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency |  | Prepayments and other current assets |  | $ | 0.1 |  |  | $ | — |  |  | Accounts payable and accrued expenses |  | $ | 0.2 |  |  | $ | 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 |  | September 30, 2018 |  | December 31, 2017 |
Foreign currency |  | $ | (2.0 | ) |  | $ | (2.3 | ) |  | $ | (1.3 | )
Commodity |  | (0.2 | ) |  | — |  |  | (0.2 | )
Net investment hedges: |  |  |  |  |  |
Foreign currency |  | 3.1 |  |  | 2.9 |  |  | — |
Cross-currency swaps |  | 10.0 |  |  | — |  |  | — |
Foreign currency denominated debt |  | (37.1 | ) |  | (57.1 | ) |  | — |
Total |  | $ | (26.2 | ) |  | $ | (56.5 | ) |  | $ | (1.5 | )
Schedule of Derivative Instruments |
|  | Three Months Ended September 30, 2018
(in millions) |  | Net sales |  | Cost of sales |  | Selling, general and administrative expenses |  | Other comprehensive income
Total amounts of earnings and other comprehensive income line items in which the effects of cash flow hedges are recorded |  | $ | 2,478.5 |  |  | $ | 1,962.9 |  |  | $ | 230.5 |  |  | $ | (41.6 | )
Gain (loss) on cash flow hedging relationships: |  |  |  |  |  |  |  |
Foreign currency |  |  |  |  |  |  |  |
Gain (loss) recognized in other comprehensive income |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1.7 |
Gain (loss) reclassified from AOCI to income |  | $ | (0.9 | ) |  | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | — |
Gain (loss) reclassified from AOCI to income as a result that a forecasted transaction is no longer probable of occurring |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Commodity |  |  |  |  |  |  |  |
Gain (loss) recognized in other comprehensive income |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (0.2 | )
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 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | Nine Months Ended September 30, 2018
(in millions) |  | Net sales |  | Cost of sales |  | Selling, general and administrative expenses |  | Other comprehensive income
Total amounts of earnings and other comprehensive income line items in which the effects of cash flow hedges are recorded |  | $ | 7,956.8 |  |  | $ | 6,270.2 |  |  | $ | 719.9 |  |  | $ | (119.2 | )
Gain (loss) on cash flow hedging relationships: |  |  |  |  |  |  |  |
Foreign currency |  |  |  |  |  |  |  |
Gain (loss) recognized in other comprehensive income |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (4.1 | )
Gain (loss) reclassified from AOCI to income |  | $ | (1.7 | ) |  | $ | (2.5 | ) |  | $ | (0.2 | ) |  | $ | — |
Gain (loss) reclassified from AOCI to income as a result that a forecasted transaction is no longer probable of occurring |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Commodity |  |  |  |  |  |  |  |
Gain (loss) recognized in other comprehensive income |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (0.3 | )
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 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | Three Months Ended September 30, 2017
(in millions) |  | Net sales |  | Cost of sales |  | Selling, general and administrative expenses |  | Other comprehensive income
Total amounts of earnings and other comprehensive income line items in which the effects of cash flow hedges are recorded |  | $ | 2,416.2 |  |  | $ | 1,894.6 |  |  | $ | 225.0 |  |  | $ | 60.7 |
Gain (loss) on cash flow hedging relationships: |  |  |  |  |  |  |  |
Foreign currency |  |  |  |  |  |  |  |
Gain (loss) recognized in other comprehensive income |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (1.5 | )
Gain (loss) reclassified from AOCI to income |  | $ | 1.3 |  |  | $ | (0.4 | ) |  | $ | — |  |  | $ | — |
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) recognized in other comprehensive income |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.1 |
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 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | Nine Months Ended September 30, 2017
(in millions) |  | Net sales |  | Cost of sales |  | Selling, general and administrative expenses |  | Other comprehensive income
Total amounts of earnings and other comprehensive income line items in which the effects of cash flow hedges are recorded |  | $ | 7,212.9 |  |  | $ | 5,662.1 |  |  | $ | 659.1 |  |  | $ | 176.4 |
Gain (loss) on cash flow hedging relationships: |  |  |  |  |  |  |  |
Foreign currency |  |  |  |  |  |  |  |
Gain (loss) recognized in other comprehensive income |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (2.4 | )
Gain (loss) reclassified from AOCI to income |  | $ | 3.3 |  |  | $ | 0.9 |  |  | $ | — |  |  | $ | — |
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) recognized in other comprehensive income |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.1 |
Gain (loss) reclassified from AOCI to income |  | $ | — |  |  | $ | 0.4 |  |  | $ | — |  |  | $ | — |
Gain (loss) reclassified from AOCI to income as a result that a forecasted transaction is no longer probable of occurring |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) |
(in millions) |  | Three months ended |  | Nine months ended
Net investment hedges |  | September 30, 2018 |  | September 30, 2017 |  | September 30, 2018 |  | September 30, 2017
Foreign currency |  | $ | 0.2 |  |  | $ | (3.8 | ) |  | $ | 0.2 |  |  | $ | (10.3 | )
Cross-currency swaps |  | $ | 3.4 |  |  | $ | — |  |  | $ | 10.0 |  |  | $ | — |
Foreign currency denominated debt |  | $ | 4.0 |  |  | $ | (19.3 | ) |  | $ | 20.0 |  |  | $ | (64.5 | )
Derivative Instruments, Gain (Loss) |
(in millions) |  | Three months ended |  | Nine months ended
Net investment hedges |  | September 30, 2018 |  | September 30, 2017 |  | September 30, 2018 |  | September 30, 2017
Cross-currency swaps |  | $ | 2.7 |  |  | $ | — |  |  | $ | 6.2 |  |  | $ | — |

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