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Derivatives (Tables)
12 Months Ended
Dec. 31, 2015
Derivative Instruments and Hedges, Assets [Abstract]  
Schedule Of Derivative Instruments
 
 
 
 
Assets
 
 
 
Liabilities
Derivatives designated as hedging instruments
 
Balance Sheet Location
 
2015
 
2014
 
Balance Sheet Location
 
2015
 
2014
Interest rate swaps
 
Other assets
 
$
2.2

 
$

 
Other noncurrent liabilities
 
$
5.3

 
$
11.8

Forward-starting interest rate swaps
 
Prepaid expenses and other
 
0.1



 
Other accrued liabilities
 
3.2

 

Cross-currency swaps
 
Other assets
 
0.6

 

 
Other noncurrent liabilities
 
3.3

 

Foreign exchange contracts on inventory-related purchases
 
Prepaid expenses and other
 
6.6

 
7.7

 
Other accrued liabilities
 
0.1

 
0.4

Foreign exchange contracts on intercompany borrowings
 
Prepaid expenses and other
 

 

 
Other accrued liabilities
 
1.6

 

Total assets
 
 
 
$
9.5

 
$
7.7

 
Total liabilities
 
$
13.5

 
$
12.2

Schedule Of Pretax Effects Of Derivative Instruments Designated As Fair Value Hedges
The pretax effects of derivative instruments designated as fair value hedges on the Company’s Consolidated Statements of Operations for 2015, 2014 and 2013 were as follows (in millions):
Derivatives in fair value relationships
Location of gain (loss)
recognized in income
 
Amount of gain (loss) recognized in income
 
2015
 
2014
 
2013
Interest rate swaps
Interest expense, net
 
$
8.7

 
$
13.4

 
$
(44.1
)
Fixed-rate debt
Interest expense, net
 
$
(8.7
)
 
$
(13.4
)
 
$
44.1

Schedule Of Cash Flow Hedges Recognized In Accumulated Other Comprehensive Income
The pretax effects of derivative instruments designated as cash flow hedges on the Company’s Consolidated Statements of Operations and AOCI for 2015, 2014 and 2013 were as follows (in millions):
Derivatives in cash flow hedging relationships
 
Location of gain (loss)
recognized in income
 
Amount of gain (loss) reclassified from AOCI into income
 
2015
 
2014
 
2013
Foreign exchange contracts on inventory-related purchases
 
Cost of products sold
 
$
16.2

 
$
5.9

 
$
3.8

Foreign exchange contracts on intercompany borrowings
 
Other expense, net
 
(0.1
)
 
0.3

 

Forward-starting interest rate swaps
 
Interest expense, net
 
(0.8
)
 
(0.7
)
 
(0.7
)
Cross-currency swaps
 
Other expense, net
 
(1.0
)
 

 

 
 
 
 
$
14.3

 
$
5.5

 
$
3.1

Derivatives in cash flow hedging relationships
 
Amount of gain (loss) recognized in AOCI
 
2015
 
2014
 
2013
Foreign exchange contracts on inventory-related purchases
 
$
15.5

 
$
11.6

 
$
5.2

Foreign exchange contracts on intercompany borrowings
 
0.3

 
3.3

 
(0.6
)
Forward-starting interest rate swaps
 
(3.1
)
 

 

Cross-currency swaps
 
(2.7
)
 

 

 
 
$
10.0

 
$
14.9

 
$
4.6