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Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2017
Investments, All Other Investments [Abstract] |
Estimated Aggregate Fair Value of Debt Instruments | The estimated fair value, as well as the carrying value, of the Company's debt instruments are shown below (in millions):
December 31 | 2017 |  | 2016
Estimated aggregate fair value (1) | $ | 2,033.5 |  |  | $ | 2,004.8 |
Aggregate carrying value (1) (2) | 1,973.4 |  |  | 1,943.7 |
(1) | Credit agreement and senior notes (excludes "other" debt)
(2) | Carrying value excludes the impact of unamortized original issue discount and debt issuance costs
Notional Amount and Estimated Fair Value of Foreign Currency Derivative Contracts and Related Classification | The notional amount, estimated fair value and related classification in the accompanying consolidated balance sheets of the Company's foreign currency derivative contracts are shown below (in millions, except for maturities):
December 31, | 2017 |  | 2016
Fair value of foreign currency contracts designated as cash flow hedges: |  |  |
Other current assets | $ | 16.9 |  |  | $ | 11.2 |
Other long-term assets | 1.3 |  |  | 0.5 |
Other current liabilities | (28.4 | ) |  | (58.3 | )
Other long-term liabilities | (8.0 | ) |  | (9.9 | )
| (18.2 | ) |  | (56.5 | )
Notional amount | $ | 1,538.5 |  |  | $ | 1,275.0 |
Outstanding maturities in months, not to exceed | 24 |  |  | 24 |
Fair value of foreign currency contracts not designated as hedging instruments: |  |  |
Other current assets | 1.8 |  |  | 5.9 |
Other current liabilities | (6.4 | ) |  | (3.8 | )
| (4.6 | ) |  | 2.1 |
Notional amount | $ | 681.1 |  |  | $ | 681.2 |
Outstanding maturities in months, not to exceed | 12 |  |  | 12 |
Total fair value | $ | (22.8 | ) |  | $ | (54.4 | )
Total notional amount | $ | 2,219.6 |  |  | $ | 1,956.2 |
Pretax Amounts Related to Foreign Currency Derivative Contracts | Pretax amounts related to foreign currency derivative contracts designated as cash flow hedges that were recognized in and reclassified from accumulated other comprehensive loss are shown below (in millions):
For the year ended December 31, | 2017 |  | 2016 |  | 2015
Gains (losses) recognized in accumulated other comprehensive loss: | $ | 28.8 |  |  | $ | (96.8 | ) |  | $ | (47.3 | )
(Gains) losses reclassified from accumulated other comprehensive loss to: |  |  |  |  |
Net sales | 2.1 |  |  | 4.8 |  |  | (3.7 | )
Cost of sales | 7.4 |  |  | 81.9 |  |  | 42.3 |
| 9.5 |  |  | 86.7 |  |  | 38.6 |
Comprehensive income (loss) | $ | 38.3 |  |  | $ | (10.1 | ) |  | $ | (8.7 | )
Fair Value Measurements and Related Valuation Techniques and Fair Value Hierarchy Level | Fair value measurements and the related valuation techniques and fair value hierarchy level for the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 and 2016, are shown below (in millions):
| December 31, 2017
| Frequency |  | Asset (Liability) |  | Valuation Technique |  | Level 1 |  | Level 2 |  | Level 3
Foreign currency derivative contracts, net | Recurring |  | $ | (22.8 | ) |  | Market / Income |  | $ | — |  |  | $ | (22.8 | ) |  | $ | — |
Marketable equity securities | Recurring |  | 43.8 |  |  | Market |  | 43.8 |  |  | — |  |  | — |
| December 31, 2016
| Frequency |  | Asset (Liability) |  | Valuation Technique |  | Level 1 |  | Level 2 |  | Level 3
Foreign currency derivative contracts, net | Recurring |  | $ | (54.4 | ) |  | Market / Income |  | $ | — |  |  | $ | (54.4 | ) |  | $ | — |
Marketable equity securities | Recurring |  | 30.2 |  |  | Market |  | 30.2 |  |  | — |  |  | — |

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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- Definition Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41641-113959 Reference 2: 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 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41678-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41638-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5580258-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579245-113959 Reference 7: 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 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579240-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41620-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
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