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Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Values of Derivative Instruments

The fair values of derivative instruments on the consolidated balance sheets as of June 30, 2015 and December 31, 2014 were:

 

(In millions)         Fair Value  
    

Location

   June 30,
2015
     December 31,
2014
 

Assets

        

Foreign exchange contracts

   Other current assets    $ 3.8       $ 5.1   

Net investment hedges

   Other current assets      0.3         0.5   
     

 

 

    

 

 

 
           Total assets    $ 4.1       $ 5.6   

Liabilities

        

Foreign exchange contracts

   Other current liabilities    $ 2.6       $ 5.4   
Effects of Derivative Financial Instruments on Statements of Comprehensive Income

The effects of derivative financial instruments on the statements of comprehensive income for the six and three months ended June 30, 2015 and 2014 were:

 

(In millions)          Gain
Recognized in Income
Six Months Ended June 30,
 

Type of hedge

  Location      2015        2014  

Cash flow

  Cost of products sold      $ 2.0         $ 0.6   

Fair value

  Other expense, net        2.7           0.8   
      

 

 

      

 

 

 

Total

       $ 4.7         $ 1.4   

 

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

Type of hedge

  Location      2015        2014  

Cash flow

  Cost of products sold      $ 1.0         $ (0.1

Fair value

  Other expense, net        1.7           (0.1
      

 

 

      

 

 

 

Total

       $ 2.7         $ (0.2