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Derivatives (Tables)
9 Months Ended
Sep. 30, 2016
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule Of Derivative Instruments
The following table summarizes the Company’s outstanding derivative instruments designated as hedges and their effects on the Condensed Consolidated Balance Sheets as of September 30, 2016 and December 31, 2015 (in millions):
 
 
 
Assets
 
 
 
Liabilities
Derivatives designated as hedging instruments
Balance Sheet Location
 
September 30, 2016
 
December 31, 2015
 
Balance Sheet Location
 
September 30, 2016
 
December 31, 2015
Interest rate swaps
Other assets
 
$
18.9

 
$
2.2

 
Other noncurrent liabilities
 
$

 
$
5.3

Forward-starting interest rate swaps
Prepaid expenses and other
 

 
0.1

 
Other accrued liabilities
 

 
3.2

Cross-currency interest rate swaps
Other assets
 

 
0.6

 
Other noncurrent liabilities
 
32.0

 
3.3

Foreign exchange contracts on forecasted transactions
Prepaid expenses and other and other assets
 
2.5

 
6.6

 
Other accrued liabilities
 
1.7

 
0.1

Foreign exchange contracts on intercompany borrowings
Prepaid expenses and other
 

 

 
Other accrued liabilities
 

 
1.6

Total assets
 
 
$
21.4

 
$
9.5

 
Total liabilities
 
$
33.7

 
$
13.5

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
The following table summarizes the Company’s outstanding derivative instruments that are not designated as hedging instruments and their effects on the Condensed Consolidated Balance Sheets as of September 30, 2016 and December 31, 2015 (in millions):
 
 
 
Assets
 
 
 
Liabilities
Derivatives not designated as hedging instruments
Balance Sheet Location
 
September 30, 2016
 
December 31, 2015
 
Balance Sheet Location
 
September 30, 2016
 
December 31, 2015
Foreign exchange contracts
Prepaid expenses and other
 
$
15.1

 
$

 
Other accrued liabilities
 
$
16.9

 
$

Commodity contracts
Prepaid expenses and other
 

 

 
Other accrued liabilities
 
1.7

 

Total assets
 
 
$
15.1

 
$

 
Total liabilities
 
$
18.6

 
$

Fair Value Hedging [Member]  
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule Of Pretax Effects Of Derivative Instruments Designated As Hedges
The following table presents the pretax effects of derivative instruments designated as fair value hedges on the Company’s Condensed Consolidated Statements of Operations (in millions):
Derivatives in fair value hedging relationships
Location of gain (loss)
recognized in income
 
Amount of gain (loss) recognized in income
Three Months Ended
 
Nine Months Ended
September 30,
 
September 30,
2016
 
2015
 
2016
 
2015
Interest rate swaps
Interest expense, net
 
$
(5.3
)
 
$
17.5

 
$
22.0

 
$
16.6

Fixed-rate debt
Interest expense, net
 
$
5.3

 
$
(17.5
)
 
$
(22.0
)
 
$
(16.6
)
Cash Flow Hedging [Member]  
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The following table presents the pretax effects of derivative instruments designated as cash flow hedges on the Company’s Condensed Consolidated Statements of Operations and AOCI (in millions):
Derivatives in cash flow hedging relationships
Location of gain (loss)
recognized in income
 
Amount of gain (loss) reclassified 
from AOCI into income
Three Months Ended
 
Nine Months Ended
September 30,
 
September 30,
2016
 
2015
 
2016
 
2015
Forward-starting interest rate swaps
Interest expense, net
 
$
(2.4
)
 
$
(0.2
)
 
$
(5.1
)
 
$
(0.6
)
Cross-currency interest rate swaps on intercompany borrowings
Other expense, net
 
(5.2
)
 
(2.0
)
 
(29.6
)
 
(2.0
)
Foreign exchange contracts on forecasted transactions
Cost of products sold
 
1.9

 
4.8

 
2.1

 
13.1

Foreign exchange contracts on intercompany borrowings
Other expense, net
 
(0.3
)
 
(0.2
)
 

 
(0.2
)
 
 
 
$
(6.0
)
 
$
2.4

 
$
(32.6
)
 
$
10.3


Derivatives in cash flow hedging relationships
Amount of gain (loss) recognized in AOCI
Three Months Ended
 
Nine Months Ended
September 30,
 
September 30,
2016
 
2015
 
2016
 
2015
Forward-starting interest rate swaps
$

 
$

 
$
(88.1
)
 
$

Cross-currency interest rate swaps on intercompany borrowings
(3.7
)
 
(6.0
)
 
(29.3
)
 
(2.9
)
Foreign exchange contracts on forecasted transactions
0.1

 
8.3

 
7.3

 
12.3

Foreign exchange contracts on intercompany borrowings
(0.8
)
 
(1.4
)
 

 
0.5

 
$
(4.4
)
 
$
0.9

 
$
(110.1
)
 
$
9.9