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Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of activity related to cash flow hedges recorded in Accumulated other comprehensive loss | The following activity related to cash flow hedges was recorded in Accumulated other comprehensive loss as of December 31:
| Accumulated Unrealized Derivative
| Gains (Losses)
| 2015 |  | 2014
(in millions) | Pretax |  | After-tax |  | Pretax |  | After-tax
Beginning balance | $ | 1.2 |  |  | $ | (5.5 | ) |  | $ | (7.5 | ) |  | $ | (11.3 | )
Net change in value of outstanding hedges | 12.0 |  |  | 8.4 |  |  | 6.5 |  |  | 4.4 |
Net amount recognized into (earnings) loss | (12.8 | ) |  | (8.8 | ) |  | 2.2 |  |  | 1.4 |
Ending balance | $ | 0.4 |  |  | $ | (5.9 | ) |  | $ | 1.2 |  |  | $ | (5.5 | )
Fair values of derivative instruments | As of December 31, 2015 and December 31, 2014, the fair values of the Company’s derivative instruments were:
(in millions) |  |  |  |  |  |  |  |
|  | Derivative Assets |  | Derivative Liabilities
Instrument |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
|  |  |  | 2015 |  | 2014 |  |  |  | 2015 |  | 2014
Derivatives Designated as Cash Flow Hedges |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Prepaid expenses and other |  | $ | 5.9 |  |  | $ | 5.9 |  |  | Accrued expenses |  | $ | 1.3 |  |  | $ | 1.5 |
Commodity contracts |  | Prepaid expenses and other |  | — |  |  | 0.3 |  |  | Accrued expenses |  | 0.5 |  |  | 0.7 |
Total |  |  |  | $ | 5.9 |  |  | $ | 6.2 |  |  |  |  | $ | 1.8 |  |  | $ | 2.2 |
Derivatives Designated as Fair Value Hedges |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | Prepaid expenses and other |  | $ | 2.1 |  |  | $ | 3.9 |  |  | Accrued expenses |  | $ | 1.4 |  |  | $ | 1.3 |
Interest rate contracts |  | Other long-term assets |  | 4.0 |  |  | — |  |  | Other long-term liabilities |  | — |  |  | — |
Total |  |  |  | $ | 6.1 |  |  | $ | 3.9 |  |  |  |  | $ | 1.4 |  |  | $ | 1.3 |
Other Hedging Activity |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Prepaid expenses and other |  | $ | 1.5 |  |  | $ | 1.0 |  |  | Accrued expenses |  | $ | 0.2 |  |  | $ | 0.1 |
Commodity contracts |  | Prepaid expenses and other |  | — |  |  | — |  |  | Accrued expenses |  | 2.2 |  |  | — |
Total |  |  |  | $ | 1.5 |  |  | $ | 1.0 |  |  |  |  | $ | 2.4 |  |  | $ | 0.1 |
Effect of derivative instruments on the Consolidated Statement of Operations | The effect of derivative instruments on the Consolidated Statements of Operations for the year s ended December 31, 2015 and December 31, 2014 was:
(in millions) |  |  |  |  |  |  |  |  |  |
Derivatives Designated as Cash Flow Hedging Instruments |  | Amount of Gain (Loss) on Derivatives Recognized in Accumulated Other Comprehensive Loss (Effective Portion) |  | Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings (Effective Portion) |  | Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings (Effective Portion)
|  | 2015 |  | 2014 |  |  |  | 2015 |  | 2014
Interest rate contracts |  | $ | — |  |  | $ | — |  |  | Interest expense |  | $ | (0.1 | ) |  | $ | (0.1 | )
Foreign exchange contracts |  | 12.9 |  |  | 5.9 |  |  | Cost of sales |  | 12.2 |  |  | (0.2 | )
Commodity contracts |  | (0.9 | ) |  | 0.6 |  |  | Cost of sales |  | 0.9 |  |  | (1.9 | )
Total |  | $ | 12.0 |  |  | $ | 6.5 |  |  |  |  | $ | 13.0 |  |  | $ | (2.2 | )
Derivatives Designated as Fair Value Hedging Instruments |  | Location of Gain (Loss) on Derivatives Recognized in Earnings |  | Amount of Gain (Loss) on Derivatives Recognized in Earnings
|  |  |  | 2015 |  | 2014
Interest rate contracts |  | Interest expense |  | $ | 4.3 |  |  | $ | 2.5 |
Other Hedging Activity |  | Location of Gain (Loss) on Derivatives Recognized in Earnings |  | Amount of Gain (Loss) on Derivatives Recognized in Earnings
|  |  |  | 2015 |  | 2014
Foreign exchange contracts |  | Cost of sales |  | $ | 8.7 |  |  | $ | 0.1 |
Foreign exchange contracts |  | Other income, net |  | (0.3 | ) |  | 1.0 |
Commodity contracts |  | Cost of sales |  | (5.9 | ) |  | — |
Total |  |  |  | $ | 2.5 |  |  | $ | 1.1 |

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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=56946850&loc=SL5624171-113959 + Details
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