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Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2016
Fair Values of Derivative Instruments

The fair values of derivative instruments on the consolidated balance sheets as of June 30, 2016 and December 31, 2015 were:

 

(In millions)         Fair Value  
    

Location

   June 30,
2016
     December 31,
2015
 

Assets

        

Foreign exchange contracts

  

Other current assets

   $ 0.6       $ 6.7   

Net investment hedges

  

Other current assets

     0.3         0.1   
     

 

 

    

 

 

 
  

Total assets

   $ 0.9       $ 6.8   

Liabilities

        

Foreign exchange contracts

  

Other current liabilities

   $ 4.7       $ 3.1   
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, 2016 and 2015 were:

 

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

Type of hedge

  

Location

   2016      2015  

Cash flow

  

Cost of products sold

   $ (1.4    $ 2.0   

Fair value

  

Other (income) expense, net

     1.0         2.7   
     

 

 

    

 

 

 

Total

      $ (0.4    $ 4.7   
(In millions)         Gain (Loss) Recognized in Income
Three Months Ended June 30,
 

Type of hedge

  

Location

   2016      2015  

Cash flow

  

Cost of products sold

   $ (2.1    $ 1.0   

Fair value

  

Other (income) expense, net

     0.5         1.7   
     

 

 

    

 

 

 

Total

      $ (1.6    $ 2.7