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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2018
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,
2018
 
December 31,
2017
Instrument (1)
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
$
1.9

$
—

 
$
5.8

$
0.3

Cross currency swaps
Other current assets
0.7

—

 
0.7

—

Debt conversion feature
Other assets
—

1.2

 
—

1.5

Foreign exchange contracts
Other current liabilities
(5.8
)
(0.7
)
 
(1.6
)
—

Cross currency swaps
Other non-current liabilities
(4.5
)
—

 
(5.3
)
—

Net derivative asset (liability)
$
(7.7
)
$
0.5

 
$
(0.4
)
$
1.8
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 AOCI (in millions):
 
Gain (Loss) Recognized on Derivatives in OCI, net of tax
 
Gain (Loss) Reclassified from AOCI into Income
Instrument
Three Months Ended September 30, 2018
Nine Months Ended September 30, 2018
Income Statement Account
Three Months Ended September 30, 2018
Nine Months Ended September 30, 2018
Foreign exchange contracts
$
0.3

$
(6.5
)
Cost of goods sold
$
(1.6
)
$
0.6

Cross currency swaps
(0.2
)
(0.7
)
Other income (expense) - net
0.3

1.6

Total
$
0.1

$
(7.2
)
Total
$
(1.3
)
$
2.2


Gain (Loss) Recognized on Derivatives in OCI, net of tax:
Instrument
Three Months Ended
September 30, 2017
Nine Months Ended
September 30, 2017
Foreign exchange contracts
$
(0.9
)
$
4.6

Cross currency swaps
(0.2
)
(0.2
)
Total
$
(1.1
)
$
4.4


Gain (Loss) Reclassified from AOCI into Income (Effective):
Income Statement Account
Three Months Ended
September 30, 2017
Nine Months Ended
September 30, 2017
Cost of goods sold
$
2.5

$
1.0

Other income (expense) – net
(1.6
)
(2.3
)
Total
$
0.9

$
(1.3
)
The following tables provide the effect of derivative instruments that are designated as hedges in the Condensed Consolidated Statement of Comprehensive Income (Loss) (in millions):
 
Classification and amount of Gain or Loss
Recognized in Income
 
Cost of goods sold
Other income (expense) - net
 
Three Months Ended September 30, 2018
Nine Months Ended September 30, 2018
Three Months Ended September 30, 2018
Nine Months Ended September 30, 2018
Income Statement Accounts in which effects of cash flow hedges are recorded
$
(995.7
)
$
(3,148.9
)
$
(4.4
)
$
(5.8
)
Gain (Loss) Reclassified from AOCI into Income:
 
 
Foreign exchange contracts
(1.6
)
0.6

—

—

Cross currency swaps
—

—

0.3

1.6

Total
$
(1.6
)
$
0.6

$
0.3

$
1.6


Gain (Loss) Recognized on Derivatives (Ineffective) in Income :
Income Statement Account
Three Months Ended
September 30, 2017
Nine Months Ended
September 30, 2017
Cost of goods sold
$
0.8

$
1.6

Other income (expense) – net
0.3

0.2

Total
$
1.1

$
1.8
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
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
Instrument
Income Statement Account
2018
2017
 
2018
2017
Foreign exchange contracts
Other income (expense) – net
$
(0.7
)
$
0.7

 
$
(0.9
)
$
(1.4
)
Debt conversion feature
Other income (expense) – net
(1.0
)
0.5

 
(0.3
)
0.3

 
Total
$
(1.7
)
$
1.2

 
$
(1.2
)
$
(1.1
)