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Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2014
Fair Values of Derivative Instruments

The fair values of derivative instruments on the consolidated balance sheets as of September 30, 2014 and December 31, 2013 were:

 

          Fair Value  
(In millions)   

Location

   September 30,
2014
     December 31,
2013
 

Assets

     

Foreign exchange contracts

   Other current assets    $ 2.1       $ 2.1   

Net investment hedges

   Other current assets      0.3         0.6   
     

 

 

    

 

 

 
           Total assets    $ 2.4       $ 2.7   

Liabilities

     

Foreign exchange contracts

   Other current liabilities    $ 1.4       $ 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 nine and three months ended September 30, 2014 and 2013 were:

 

(In millions)         Gain Recognized in Income  
          Nine Months Ended September 30,  

Type of hedge

  

Location

   2014      2013  

Cash flow

   Cost of products sold    $ 0.4       $ 2.3   

Fair value

   Other income, net      1.6         1.3   
     

 

 

    

 

 

 

Total

      $ 2.0       $ 3.6   

 

(In millions)         Gain Recognized in Income  
          Three Months Ended September 30,  

Type of hedge

  

Location

   2014     2013  

Cash flow

   Cost of products sold    $ (0.2   $ 0.9   

Fair value

   Other income, net      0.8        1.3   
     

 

 

   

 

 

 

Total

      $ 0.6      $ 2.2