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Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2015
Fair Values of Derivative Instruments | The fair values of foreign exchange and commodity derivative instruments on the consolidated balance sheets as of December 31, 2015 and 2014 were:
|  |  |  | Fair Value |
(In millions) |  | Location |  | 2015 |  |  | 2014 |
Assets: |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Other current assets |  | $ | 6.7 |  |  | $ | 5.1 |
Net investment hedges |  | Other current assets |  |  | 0.1 |  |  |  | 0.5 |
|  | Total assets |  | $ | 6.8 |  |  | $ | 5.6 |
Liabilities: |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Other current liabilities |  | $ | 3.1 |  |  | $ | 5.4 |
Effects of Derivative Financial Instruments on Consolidated Statements of Income | The effects of derivative financial instruments on the consolidated statements of income in 2015, 2014 and 2013 were:
(In millions) |  | Gain (Loss) Recognized in Income |
Type of hedge |  | Location |  | 2015 |  |  | 2014 |  |  | 2013 |
Cash flow |  | Net sales |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | Cost of products sold |  |  | 3.6 |  |  |  | 0.5 |  |  |  | 1.9 |
|  | Other expense, net |  |  | — |  |  |  | (0.4 | ) |  |  | — |
Fair value |  | Other expense, net |  |  | 8.2 |  |  |  | 3.6 |  |  |  | 1.2 |
Total |  |  |  | $ | 11.8 |  |  | $ | 3.7 |  |  | $ | 3.1 |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5618551-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624163-113959 + Details
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