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DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 9 Months Ended
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Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of fair value of derivative instruments designated as hedging instruments that are reported in the Consolidated Balance Sheet | The following table provides the location and fair value amounts of derivative instruments designated and not designated as hedging instruments that are reported in the Condensed Consolidated Balance Sheet (in millions):
|  | September 30, 2017 |  | December 31, 2016
Asset Derivatives | Balance Sheet Account | Derivatives designated as hedges | Derivatives not designated as hedges |  | Derivatives designated as hedges | Derivatives not designated as hedges
Foreign exchange contracts | Other current assets | $ | 5.8 |  | $ | 0.1 |  |  | $ | 4.2 |  | $ | 2.6 |
Debt conversion feature | Other assets | $ | — |  | $ | 1.4 |  |  | $ | — |  | $ | 1.1 |
Total asset derivatives |  | $ | 5.8 |  | $ | 1.5 |  |  | $ | 4.2 |  | $ | 3.7 |
Liability Derivatives |  |  |  |  |  |  |  |
Foreign exchange contracts | Other current liabilities | $ | (2.2 | ) | $ | (0.1 | ) |  | $ | (6.8 | ) | $ | (1.2 | )
Cross currency swap | Other current liabilities | (0.2 | ) | — |  |  | — |  | — |
Cross currency swap | Other non-current liabilities | (2.4 | ) | — |  |  | — |  | — |
Total liability derivatives |  | (4.8 | ) | (0.1 | ) |  | (6.8 | ) | (1.2 | )
Total Derivatives |  | $ | 1.0 |  | $ | 1.4 |  |  | $ | (2.6 | ) | $ | 2.5 |
Schedule of fair value of derivative instruments not designated as hedging instruments that are reported in the Consolidated Statement of Comprehensive Income and Balance Sheet | Derivatives not designated as hedges are used to offset foreign exchange gains or losses resulting from the underlying exposures of foreign currency denominated assets and liabilities. The following table provides the effect of non-designated derivatives outstanding at the end of the period in the Condensed Consolidated Statement of Comprehensive Income (Loss) (in millions):
Gain (Loss) Recognized in Income on Derivatives not designated as hedges: | Three Months Ended September 30, |  | Nine Months Ended September 30,
Account | 2017 |  | 2016 |  | 2017 |  | 2016
Other income (expense) – net | $ | 1.2 |  |  | $ | 7.0 |  |  | $ | (1.1 | ) |  | $ | (2.8 | )
Schedule of derivative instruments that are designated as hedges in the Consolidated Statement of Comprehensive Income | The following tables provide the effect of derivative instruments that are designated as hedges in the Condensed Consolidated Statement of Comprehensive Income (Loss) and AOCI (in millions):
Gain (Loss) Recognized on Derivatives in AOCI, net of tax: | Three Months Ended September 30, |  | Nine Months Ended September 30,
Cash Flow Derivatives |  | 2017 |  | 2016 |  | 2017 |  | 2016
Foreign exchange contracts |  | $ | (0.9 | ) |  | $ | (0.2 | ) |  | $ | 4.6 |  |  | $ | (4.8 | )
Cross currency swap |  | (0.2 | ) |  | — |  |  | (0.2 | ) |  | — |
Interest rate swap |  | — |  |  | — |  |  | — |  |  | (0.2 | )
Total |  | $ | (1.1 | ) |  | $ | (0.2 | ) |  | $ | 4.4 |  |  | $ | (5.0 | )
Gain (Loss) Reclassified from AOCI into Income (Effective): | Three Months Ended September 30, |  | Nine Months Ended September 30,
Account |  | 2017 |  | 2016 |  | 2017 |  | 2016
Cost of goods sold |  | $ | 2.5 |  |  | $ | (1.5 | ) |  | $ | 1.0 |  |  | $ | (0.4 | )
Other income (expense) – net | (1.6 | ) |  | — |  |  | (2.3 | ) |  | — |
Total |  | $ | 0.9 |  |  | $ | (1.5 | ) |  | $ | (1.3 | ) |  | $ | (0.4 | )
Gain (Loss) Recognized on Derivatives (Ineffective) in Income : | Three Months Ended September 30, |  | Nine Months Ended September 30,
Account |  | 2017 |  | 2016 |  | 2017 |  | 2016
Cost of goods sold |  | $ | 0.8 |  |  | $ | 0.1 |  |  | $ | 1.6 |  |  | $ | 1.0 |
Other income (expense) – net |  | 0.3 |  |  | (0.2 | ) |  | 0.2 |  |  | (0.2 | )
Total |  | $ | 1.1 |  |  | $ | (0.1 | ) |  | $ | 1.8 |  |  | $ | 0.8 |

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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 + Details
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- 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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- Definition Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the 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 4C -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 + Details
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