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Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2014
Fair Values of Derivative Instruments

The fair values of derivative instruments on the consolidated balance sheets as of March 31, 2014 and December 31, 2013 were:

 

          Fair Value  
(In millions)   

Location

   March 31,
2014
     December 31,
2013
 
Assets         
Foreign exchange contracts    Other current assets    $ 1.9       $ 2.1   
Net investment hedges    Other current assets      0.6         0.6   
     

 

 

    

 

 

 
  

Total assets

   $ 2.5       $ 2.7   
Liabilities         
Foreign exchange contracts    Other current liabilities    $ 1.3       $ 0.3   
Effects of Derivative Financial Instruments on Statements of Comprehensive Income

The effects of derivative financial instruments on the statements of comprehensive income for the three months ended March 31, 2014 and 2013 were:

 

          Gain (Loss) Recognized in Income  

(In millions)

Type of hedge

  

Location

   March 31,
2014
     March 31,
2013
 
Cash flow    Cost of products sold    $ 0.7       $ 0.4   
Fair value    Other income, net      0.9         (0.2
     

 

 

    

 

 

 

Total

      $ 1.6       $ 0.2