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Hedging Transaction and Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Instruments, Balance Sheet Location

The fair values of derivative instruments held by the Company are as follows (in millions):

			Derivative Assets (Liabilities)
Hedge Type	Contract Type	Balance Sheet Line	June 30, 2018				December 31, 2017
Derivatives designated as hedging instruments:
Cash flow hedges	Foreign exchange contracts	Prepaid and other current assets	$	—			$	0.6
Cash flow hedges	Foreign exchange contracts	Other accrued expenses	(1.6		)		—
Derivatives not designated as hedging instruments:
Economic hedges	Foreign exchange contracts	Other accrued expenses	(0.2		)		—

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance Location

The pre-tax amount of unrealized (loss) gain recognized in accumulated other comprehensive loss on derivatives designated as hedging instruments is as follows (in millions):

			Three Months Ended June 30,								Six Months Ended June 30,
Hedge Type	Contract Type		2018				2017				2018				2017
Cash flow hedges	Foreign exchange contracts		$	(2.5	)		$	1.1			$	(1.5	)		$	1.8
Cash flow hedges	Interest rate contracts		—				—				0.1				0.1

The table above excludes a tax benefit of $0.5 million and tax expense of $0.1 million for the three months ended June 30, 2018 and 2017, respectively, and a tax benefit of $0.2 million and tax expense of 0.3 million for the six months ended June 30, 2018 and 2017, respectively.

The pre-tax impact of derivatives on the Consolidated Statements of Earnings is as follows (in millions):

			Three Months Ended June 30,
			2018										2017
Hedge Type	Contract Type		Cost of goods sold			Interest expense, net			Other expense, net				Interest expense, net			Other expense, net
Total amounts per Consolidated Statements of Earnings			$	115.1		$	4.1		$	0.3			$	5.1		$	1.1
Effect of derivatives designated as hedging instruments
Amount of (gain) loss reclassified from accumulated other comprehensive loss into earnings:
Cash flow hedges	Foreign exchange contracts		—			—			—				—			0.2
Cash flow hedges	Interest rate contracts		—			(0.1		)	—				0.2			—
Effect of derivatives not designated as hedging instruments
Amount of loss (gain) recognized in earnings:
Economic hedges	Foreign exchange contracts		—			—			0.8				—			(0.2		)

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- References

No definition available.

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- Definition

Tabular disclosure for cash flow 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 (b)
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959

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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=84234895&loc=SL5624163-113959

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