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DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
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Dec. 31, 2016
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 as hedging instruments that are reported in the Consolidated Balance Sheet (in millions):
Asset Derivatives | Balance Sheet Account | December 31, 2016 |  | December 31, 2015
Foreign exchange contracts | Other current assets | $ | 4.2 |  |  | $ | 4.0 |
Interest rate swap | Other assets | — |  |  | 0.9 |
Total asset derivatives |  | $ | 4.2 |  |  | $ | 4.9 |
Liability Derivatives |  |  |  |  |  |
Foreign exchange contracts | Other current liabilities | (6.8 | ) |  | (0.8 | )
Interest rate swap | Other current liabilities | — |  |  | (0.7 | )
Total liability derivatives |  | $ | (6.8 | ) |  | $ | (1.5 | )
Total Derivatives |  | $ | (2.6 | ) |  | $ | 3.4 |
Schedule of fair value of derivative instruments not 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 not designated as hedging instruments that are reported in the Consolidated Balance Sheet (in millions):
Asset Derivatives | Balance Sheet Account | December 31, 2016 |  | December 31, 2015
Foreign exchange contracts | Other current assets | $ | 2.6 |  |  | $ | 0.5 |
Debt conversion feature | Other assets | 1.1 |  |  | 1.1 |
Total asset derivatives |  | $ | 3.7 |  |  | $ | 1.6 |
Liability Derivatives |  |  |  |
Foreign exchange contracts | Other current liabilities | (1.2 | ) |  | (0.2 | )
Total liability derivatives |  | $ | (1.2 | ) |  | $ | (0.2 | )
Total Derivatives |  | $ | 2.5 |  |  | $ | 1.4 |
Schedule of derivative instruments that are designated as hedges in the Consolidated Statement of Income and Accumulated other comprehensive income (loss) ("OCI") | The following tables provide the effect of derivative instruments that are designated as hedges in the Consolidated Statements of Income (Loss), Comprehensive Income (Loss) and AOCI (in millions):
Gain (Loss) Recognized on Derivatives in AOCI: | Year Ended December 31,
Cash Flow Derivatives |  | 2016 |  | 2015 |  | 2014
Foreign exchange contracts |  | $ | (4.5 | ) |  | $ | 2.8 |  |  | $ | (3.4 | )
Interest rate swap |  | (0.2 | ) |  | 0.2 |  |  | — |
Total |  | $ | (4.7 | ) |  | $ | 3.0 |  |  | $ | (3.4 | )
Gain (Loss) Reclassified from AOCI into Income (Loss) (Effective): | Year Ended December 31,
Account |  | 2016 |  | 2015 |  | 2014
Cost of goods sold |  | $ | (2.0 | ) |  | $ | 1.6 |  |  | $ | 2.5 |
Gain (Loss) Recognized on Derivatives (Ineffective) in Income (Loss): | Year Ended December 31,
Account |  | 2016 |  | 2015 |  | 2014
Cost of goods sold |  | $ | 1.0 |  |  | $ | 2.3 |  |  | $ | (1.3 | )
Other income (expense) – net | $ | — |  |  | $ | (0.1 | ) |  | $ | 0.5 |
Total |  | $ | 1.0 |  |  | $ | 2.2 |  |  | $ | (0.8 | )
Schedule of derivative instruments that are not designated as hedges in the Consolidated Statement of Income and OCI | The following table provides the effect of derivative instruments that are not designated as hedges in the Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) (in millions):
Gain (Loss) Recognized in Income on Derivatives not designated as hedges: | Year Ended December 31,
Account | 2016 |  | 2015 |  | 2014
Other income (expense) – net | 0.9 |  |  | (3.4 | ) |  | 0.5 |
Schedule of accumulated other comprehensive income (loss) | Unrealized net gains (losses), net of tax, included in AOCI are as follows (in millions):
| Year Ended December 31,
| 2016 |  | 2015 |  | 2014
Balance at beginning of period | $ | 2.3 |  |  | $ | (0.7 | ) |  | $ | 2.7 |
Additional gains (losses) – net | (5.7 | ) |  | 9.2 |  |  | (1.4 | )
Amounts reclassified to earnings | 1.0 |  |  | (6.2 | ) |  | (2.0 | )
Balance at end of period | $ | (2.4 | ) |  | $ | 2.3 |  |  | $ | (0.7 | )

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