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Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2018

Fair Values of Derivative Instruments

The fair values of derivative instruments on the consolidated balance sheets as of March 31, 2018 and December 31, 2017 were as follows:

(In millions)				Fair Value
		Location		March 31, 2018				December 31, 2017
Assets
Foreign exchange contracts		Other current assets		$	2.8			$	0.8
Commodity contracts		Other current assets			—				0.2
		Total assets		$	2.8			$	1.0
Liabilities
Foreign exchange contracts		Other current liabilities		$	1.6			$	5.6
Net investment hedges		Other current liabilities			1.1				0.8
		Total liabilities		$	2.7			$	6.4

Effects of Derivative Financial Instruments on Consolidated Statements of Income

The effects of derivative financial instruments on the statements of comprehensive income for the three months ended March 31, 2018 and 2017 were as follows:

				(Loss) Gain Recognized in Income
(In millions) Type of hedge		Location		March 31, 2018				March 31, 2017
Cash flow		Cost of products sold		$	(0.5	)		$	(0.6	)
Fair value		Other income, net			(0.1	)			(1.1	)
Total				$	(0.6	)		$	(1.7	)

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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=84234895&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=84234895&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=84234895&loc=SL5624163-113959

+ Details

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