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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2015
Derivative financial instruments  
Summary of the gross and net asset fair values of contracts by counterparty
The following summarizes the gross and net fair values of our FX forward and commodity contracts by counterparty at December 31, 2015 and 2014:
 
December 31, 2015
 
December 31, 2014
 
Gross Assets
 
Gross Liabilities
 
Net
Assets /
Liabilities
 
Gross Assets
 
Gross Liabilities
 
Net
Assets /
Liabilities
FX Forward Contracts:
 
 
 
 
 
 
 
 
 
 
 
Counterparty A
$
—

 
$
—

 
$
—

 
$
—

 
$
(0.1
)
 
$
(0.1
)
Counterparty B
—

 
(0.6
)
 
(0.6
)
 
0.3

 
(3.5
)
 
(3.2
)
Counterparty C
0.1

 
(0.5
)
 
(0.4
)
 
0.3

 
(0.7
)
 
(0.4
)
Aggregate of other counterparties
—

 
(0.4
)
 
(0.4
)
 
0.1

 
(0.7
)
 
(0.6
)
Totals(1)
$
0.1

 
$
(1.5
)
 
$
(1.4
)
 
$
0.7

 
$
(5.0
)
 
$
(4.3
)
Commodity Contracts:
 
 
 
 
 
 
 
 
 
 
 
 Counterparty A(2)
$
—

 
$
(1.7
)
 
$
(1.7
)
 
$
—

 
$
(1.4
)
 
$
(1.4
)
___________________________________________________________________

(1) 
We enter into arrangements designed to provide the right of setoff in the event of counterparty default or insolvency, and have elected to offset the fair values of our qualifying financial instruments in our consolidated balance sheets.
Summary of the gross and net liability fair values of contracts by counterparty
The following summarizes the gross and net fair values of our FX forward and commodity contracts by counterparty at December 31, 2015 and 2014:
 
December 31, 2015
 
December 31, 2014
 
Gross Assets
 
Gross Liabilities
 
Net
Assets /
Liabilities
 
Gross Assets
 
Gross Liabilities
 
Net
Assets /
Liabilities
FX Forward Contracts:
 
 
 
 
 
 
 
 
 
 
 
Counterparty A
$
—

 
$
—

 
$
—

 
$
—

 
$
(0.1
)
 
$
(0.1
)
Counterparty B
—

 
(0.6
)
 
(0.6
)
 
0.3

 
(3.5
)
 
(3.2
)
Counterparty C
0.1

 
(0.5
)
 
(0.4
)
 
0.3

 
(0.7
)
 
(0.4
)
Aggregate of other counterparties
—

 
(0.4
)
 
(0.4
)
 
0.1

 
(0.7
)
 
(0.6
)
Totals(1)
$
0.1

 
$
(1.5
)
 
$
(1.4
)
 
$
0.7

 
$
(5.0
)
 
$
(4.3
)
Commodity Contracts:
 
 
 
 
 
 
 
 
 
 
 
 Counterparty A(2)
$
—

 
$
(1.7
)
 
$
(1.7
)
 
$
—

 
$
(1.4
)
 
$
(1.4
)
___________________________________________________________________

(1) 
We enter into arrangements designed to provide the right of setoff in the event of counterparty default or insolvency, and have elected to offset the fair values of our qualifying financial instruments in our consolidated balance sheets.
Summary of pre-tax gain (loss) recognized in AOCI resulting from derivative financial instruments designated as cash flow hedging relationships
The following summarizes the pre-tax gain (loss) recognized in AOCI resulting from derivative financial instruments designated as cash flow hedging relationships for the years ended December 31, 2015, 2014 and 2013:
 
Year ended December 31,
 
2015
 
2014
 
2013
FX forward contracts
$
0.4

 
$
0.4

 
$
(0.1
)
Commodity contracts
(3.2
)
 
(2.5
)
 
(1.2
)
 
$
(2.8
)
 
$
(2.1
)
 
$
(1.3
)
Summary of pre-tax loss related to derivative financial instruments designated as cash flow hedging relationships reclassified from AOCI to income
The following summarizes the pre-tax gain (loss) related to derivative financial instruments designated as cash flow hedging relationships reclassified from AOCI to income through "Revenues" for FX forward contracts and "Cost of products sold" for commodity contracts for the years ended December 31, 2015, 2014 and 2013:
 
Year ended December 31,
 
2015
 
2014
 
2013
FX forward contracts
$
0.6

 
$
(0.8
)
 
$
(4.0
)
Commodity contracts
(2.8
)
 
(0.7
)
 
(1.3
)
 
$
(2.2
)
 
$
(1.5
)
 
$
(5.3
)
Schedule of gain (loss) recognized in ''Other income (expense), net'' of derivative financial instruments not designated as cash flow hedging relationships
The following summarizes the gain (loss) recognized in "Other income (expense), net" for the years ended December 31, 2015, 2014 and 2013 related to derivative financial instruments not designated as cash flow hedging relationships:
 
Year ended December 31,
 
2015
 
2014
 
2013
FX forward contracts
$
(6.5
)
 
$
(5.4
)
 
$
(1.3
)
FX embedded derivatives
4.9

 
2.8

 
1.0

 
$
(1.6
)
 
$
(2.6
)
 
$
(0.3
)
FX forward contracts  
Derivative financial instruments  
Summary of fair value of derivative instruments and the balance sheet classification
Amounts presented in our consolidated balance sheets were as follows:
 
December 31, 2015
 
December 31, 2014
Designated as hedging instruments:
 
 
 
Accrued expenses
(0.4
)
 
(0.1
)
Other long-term liabilities
(0.2
)
 
(0.1
)
 
(0.6
)
 
(0.2
)
Not designated as hedging instruments:
 
 
 
Accrued expenses
(0.8
)
 
(4.1
)
 
(0.8
)
 
(4.1
)
Net fair value of FX forward contracts
$
(1.4
)
 
$
(4.3
)
(2) 
Related contracts are designated as hedging instruments. Net amounts at December 31, 2015 and 2014 were recorded in "Accrued expenses."
FX embedded derivatives  
Derivative financial instruments  
Summary of fair value of derivative instruments and the balance sheet classification
The following summarizes the fair value of our FX embedded derivative instruments, which are not designated as hedging instruments, and the related balance sheet classification as of December 31, 2015 and 2014:
Balance Sheet Classification
December 31, 2015
 
December 31, 2014
Other current assets
$
8.0

 
$
4.1

Other assets
3.1

 
1.2

Accrued expenses
(3.7
)
 
(3.8
)
Other long-term liabilities
(1.1
)
 
(0.6
)
 
$
6.3

 
$
0.9