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Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Fair Values of Derivative Instruments

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

				Fair Value
(In millions)		Location		2016				2015
Assets:
Foreign exchange contracts		Other current assets		$	2.8			$	6.7
Net investment hedges		Other current assets			0.6				0.1
		Total assets		$	3.4			$	6.8
Liabilities:
Foreign exchange contracts		Other current liabilities		$	2.9			$	3.1
Net investment hedges		Other current liabilities			0.2				—
		Total liabilities		$	3.1			$	3.1

Effects of Derivative Financial Instruments on Consolidated Statements of Income

The effects of derivative financial instruments on the consolidated statements of income in 2016, 2015 and 2014 were:

(In millions)		Gain (Loss) Recognized in Income
Type of hedge		Location		2016				2015				2014
Cash flow		Net sales		$	—			$	—			$	—
		Cost of products sold			(3.5	)			3.6				0.5
		Other expense, net			—				—				(0.4	)
Fair value		Other expense, net			2.0				8.2				3.6
Total				$	(1.5	)		$	11.8			$	3.7

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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=64837297&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=64837297&loc=SL5618551-113959

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X

- 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=64837297&loc=SL5624163-113959

+ Details

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