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Derivatives and Hedging Activities - Fair Value of Derivative Instruments (Parenthetical) (Detail) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014
--- | --- | ---
Offsetting Liabilities [Line Items] |  |  |
Long-term debt, less current portion | $ 4,302.7 | $ 4,282.0 | [1],[2],[3]
Gross position, Other Assets | 72.2 | 63.4 |
Gross position, Other Liabilities | (56.8) | (68.0) |
Other Current Assets [Member] |  |  |
Offsetting Liabilities [Line Items] |  |  |
Gross position, Other Assets | 36.2 | 34.3 |
Impact of master netting agreements | (24.1) | (25.2) |
Net amounts recognized on the Consolidated Balance Sheet | 12.1 | 9.1 |
Other Non-current Assets [Member] |  |  |
Offsetting Liabilities [Line Items] |  |  |
Gross position, Other Assets | 36.0 | 27.1 |
Impact of master netting agreements |  | (9.3) |
Net amounts recognized on the Consolidated Balance Sheet | 36.0 | 17.8 |
Other Current Liabilities [Member] |  |  |
Offsetting Liabilities [Line Items] |  |  |
Gross position, Other Liabilities | (44.8) | (48.8) |
Impact of master netting agreements | 24.1 | 25.2 |
Net amounts recognized on the Consolidated Balance Sheet | (20.7) | (23.6) |
Other Non-current Liabilities [Member] |  |  |
Offsetting Liabilities [Line Items] |  |  |
Gross position, Other Liabilities | (12.0) | (17.2) |
Impact of master netting agreements |  | 9.3 |
Net amounts recognized on the Consolidated Balance Sheet | (12.0) | (7.9) |
Foreign Currency Forward Contracts [Member] |  |  |
Offsetting Liabilities [Line Items] |  |  |
Gross position, Other Assets | 28.2 | 45.6 |
Gross position, Other Liabilities | (44.8) | $ (68.0) |
Foreign Currency Forward Contracts [Member] | Designated as Hedging Instruments [Member] |  |  |
Offsetting Liabilities [Line Items] |  |  |
Long-term debt, less current portion | $ 437.3 |  |
[1] | As of December 31, 2015, we have adopted ASU 2015-17 which resulted in a decrease in deferred tax assets of $105.6 million, an increase in non-current deferred tax assets of $17.0 million, a decrease in current deferred tax liabilities of $4.8 million and a decrease in non-current deferred tax liabilities of $83.8 million as of December 31, 2014.
[2] | During the fourth quarter of 2015, we completed the sale of our European food trays business. During the fourth quarter of 2015, the assets and liabilities met the criteria of held for sale classification. Accordingly, we reclassified $37 million of assets and $7 million of liabilities as held for sale as of December 31, 2014. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details. Certain foreign currency translation adjustments were misclassified within the components of Accumulated Other Comprehensive Income on the Consolidated Balance Sheets. Additionally, we reclassified $13 million from accounts payable to short-term borrowings related to extended payment terms on a vendor agreement and $36 million from cash to other assets related to cash used as collateral for borrowing agreements. See Note 2 “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” under the heading “Reclassifications and Revisions” for further discussion of the revisions.
[3] | During the second quarter of 2015, we completed the sale of our North American foam trays and absorbent pads business. During the first quarter of 2015, the assets and liabilities met the criteria of held for sale classification. Accordingly, we reclassified $42 million of assets and $6 million of liabilities as held for sale as of December 31, 2014. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details.

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