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Equity (Tables)
 12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Schedule of components of other comprehensive income (loss)
The components of accumulated other comprehensive income (loss) as of December 31, 2015 and 2014 are as follows:
(in millions)
 
2015
 
2014
Foreign currency translation
 
$
(121.4
)
 
$
(29.2
)
Derivative instrument fair market value, net of income taxes of $(2.2) and $(3.2)
 
(3.8
)
 
(6.3
)
Employee pension and postretirement benefit adjustments, net of income taxes of $(35.2) and $(40.1)
 
(82.6
)
 
(95.0
)
 
 
$
(207.8
)
 
$
(130.5
)

A reconciliation for the changes in accumulated other comprehensive income (loss), net of tax, by component for the year ended December 31, 2014 and December 31, 2015 is as follows:
(in millions)
 
Gains and Losses on Cash Flow Hedges
 
Pension & Postretirement
 
Foreign Currency Translation
 
Total
Balance at December 31, 2013
 
$
1.0

 
$
(62.7
)
 
$
54.8

 
$
(6.9
)
Other comprehensive loss before reclassifications
 
$
(9.9
)
 
$
(35.4
)
 
$
(84.0
)
 
$
(129.3
)
Amounts reclassified from accumulated other comprehensive income
 
2.6

 
3.1

 
—

 
5.7

Net current period other comprehensive income
 
(7.3
)
 
(32.3
)
 
(84.0
)
 
(123.6
)
Balance at December 31, 2014
 
$
(6.3
)
 
$
(95.0
)
 
$
(29.2
)
 
$
(130.5
)
Other comprehensive loss before reclassifications
 
14.0

 
17.9

 
(92.2
)
 
(60.3
)
Amounts reclassified from accumulated other comprehensive income
 
(11.5
)
 
(5.5
)
 
—

 
(17.0
)
Net current period other comprehensive loss
 
2.5

 
12.4

 
(92.2
)
 
(77.3
)
Balance at December 31, 2015
 
$
(3.8
)
 
$
(82.6
)
 
$
(121.4
)
 
$
(207.8
)
Reconciliation for the reclassifications out of accumulated other comprehensive income, net of tax
A reconciliation for the reclassifications out of accumulated other comprehensive income, net of tax, for the year ended December 31, 2015 is as follows:
(in millions)
 
Amount Reclassified from Accumulated Other Comprehensive Income
 
Recognized Location
Gains and losses on cash flow hedges
 
 
 
 
  Foreign exchange contracts
 
$
(11.7
)
 
Cost of sales
  Commodity contracts
 
(4.0
)
 
Cost of sales
  Interest rate swap contracts: Float-to-fixed
 
(2.6
)
 
Interest expense
 
 
(18.3
)
 
Total before tax
 
 
6.8

 
Tax expense
 
 
$
(11.5
)
 
Net of tax
Amortization of pension and postretirement items
 
 
 
 
  Amortization of prior service cost
 
(0.1
)
(a)
 
  Actuarial losses
 
(7.5
)
(a)
 
 
 
(7.6
)
 
Total before tax
 
 
2.1

 
Tax benefit
 
 
$
(5.5
)
 
Net of Tax
 
 
 
 
 
Total reclassifications for the period
 
$
(17.0
)
 
Net of Tax
 
 
 
 
 
(a) These other comprehensive income components are included in the computation of net periodic pension cost (see Note 22, “Employee Benefit Plans,” for further details).