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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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