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Financial Instruments (Tables)
9 Months Ended
Sep. 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 September 30, 2015 and December 31, 2014 were:

 

(In millions)         Fair Value  
    

Location

   September 30,
2015
     December 31,
2014
 

Assets

        

Foreign exchange contracts

  

Other current assets

   $ 5.9       $ 5.1   

Net investment hedges

  

Other current assets

     0.2         0.5   
     

 

 

    

 

 

 
  

Total assets

   $ 6.1       $ 5.6   

Liabilities

        

Foreign exchange contracts

  

Other current liabilities

   $ 3.3       $ 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 nine and three months ended September 30, 2015 and 2014 were:

 

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

Type of hedge

  

Location

   2015      2014  

Cash flow

  

Cost of products sold

   $ 3.0       $ 0.4   

Fair value

  

Other expense, net

     5.9         1.6   
     

 

 

    

 

 

 

Total

      $ 8.9       $ 2.0   
(In millions)         Gain (Loss) Recognized in
Income Three Months Ended September 30,
 

Type of hedge

  

Location

   2015      2014  

Cash flow

  

Cost of products sold

   $ 1.0       $ (0.2

Fair value

  

Other expense, net

     3.2         0.8   
     

 

 

    

 

 

 

Total

      $ 4.2       $ 0.6