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Derivative Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2016
Derivative [Line Items] |
Schedule of the fair value of outstanding derivative contracts recorded as assets in the accompanying consolidated balance sheet | The fair value of outstanding derivative contracts designated as hedging instruments and recorded as assets in the accompanying Condensed Consolidated Balance Sheets as of September 30, 2016 and December 31, 2015 was as follows:
Designated Hedging Instruments |  |  |  | ASSET DERIVATIVES
|  |  |  | September 30, 2016 |  | December 31, 2015
(in millions) |  | Balance Sheet Location |  | Fair Value
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Other current assets |  | $ | 0.2 |  |  | $ | 0.3 |
Total derivatives designated as hedging instruments |  |  |  | $ | 0.2 |  |  | $ | 0.3 |
Total asset derivatives |  |  |  | $ | 0.2 |  |  | $ | 0.3 |
Schedule of the fair value of outstanding derivative contracts recorded as liabilities in the accompanying consolidated balance sheet | The fair value of outstanding derivative contracts recorded as liabilities in the accompanying Condensed Consolidated Balance Sheets as of September 30, 2016 and December 31, 2015 was as follows:
|  |  |  | LIABILITY DERIVATIVES
|  |  |  | September 30, 2016 |  | December 31, 2015
(in millions) |  | Balance Sheet Location |  | Fair Value
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Accounts payable and accrued expenses |  | $ | 0.4 |  |  | $ | 0.2 |
Commodity contracts |  | Accounts payable and accrued expenses |  | 0.2 |  |  | 0.7 |
Interest rate swap contracts: Float-to-fixed |  | Accounts payable and accrued expenses |  | — |  |  | 1.7 |
Foreign exchange contracts |  | Other non-current liabilities |  | — |  |  | 0.1 |
Interest rate swap contracts: Float-to-fixed |  | Other non-current liabilities |  | — |  |  | 0.6 |
Total derivatives designated as hedging instruments |  |  |  | $ | 0.6 |  |  | $ | 3.3 |
|  |  |  | LIABILITY DERIVATIVES
|  |  |  | September 30, 2016 |  | December 31, 2015
(in millions) |  | Balance Sheet Location |  | Fair Value
Derivatives NOT designated as hedging instruments |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Accounts payable and accrued expenses |  | $ | 5.4 |  |  | $ | 0.9 |
Total derivatives NOT designated as hedging instruments |  |  |  | $ | 5.4 |  |  | $ | 0.9 |
Total liability derivatives |  |  |  | $ | 6.0 |  |  | $ | 4.2 |
Designated as Hedging Instrument |
Derivative [Line Items] |
Outstanding commodity and currency forward contracts | As of September 30, 2016 and December 31, 2015, the Company had the following outstanding commodity and foreign currency exchange contracts that were intended to hedge forecasted transactions:
Designated Hedging Instruments |  | Units Hedged |  |  |  |
Commodity |  | September 30, 2016 |  | December 31, 2015 |  | Unit |  | Type
Natural Gas |  | 62,875 |  |  | 175,617 |  |  | MMBtu |  | Cash Flow
Steel |  | 4,585 |  |  | 4,811 |  |  | Tons |  | Cash Flow
Designated Hedging Instruments |  | Units Hedged |  |
Short Currency |  | September 30, 2016 |  | December 31, 2015 |  | Type
Australian Dollar |  | 3,598,634 |  |  | — |  |  | Cash Flow
European Euro |  | 21,875,317 |  |  | — |  |  | Cash Flow
South Korean Won |  | 496,671,700 |  |  | 1,533,257,930 |  |  | Cash Flow
Singapore Dollar |  | 1,800,000 |  |  | 1,800,000 |  |  | Cash Flow
British Pound |  | 191,411 |  |  | — |  |  | Cash Flow
Japanese Yen |  | 133,928,500 |  |  | 245,915,700 |  |  | Cash Flow
Not designated as hedging instruments |
Derivative [Line Items] |
Outstanding commodity and currency forward contracts | For derivative instruments that are not designated as hedging instruments under ASC Topic 815-10, the gains or losses on the derivatives are recognized in current earnings within Other income, net in the Condensed Consolidated Statements of Operations. As of September 30, 2016 and December 31, 2015, the Company had the following outstanding foreign currency exchange contracts that were not designated as hedging instruments:
Non Designated Hedging Instruments |  | Units Hedged |  |  |  |  |
Short Currency |  | September 30, 2016 |  | December 31, 2015 |  |  | Recognized Location |  | Purpose
European Euro |  | — |  |  | 20,490,320 |  |  |  | Other income, net |  | Accounts Payable and Receivable Settlement
United States Dollar |  | 170,000 |  |  | 17,321,106 |  |  |  | Other income, net |  | Accounts Payable and Receivable Settlement
Japanese Yen |  | — |  |  | 70,518,463 |  |  |  | Other income, net |  | Accounts Payable and Receivable Settlement
British Pound |  | 27,284 |  |  | 4,840,238 |  |  |  | Other income, net |  | Accounts Payable and Receivable Settlement
Singapore Dollar |  | 800,000 |  |  | 500,000 |  |  |  | Other income, net |  | Accounts Payable and Receivable Settlement

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- Definition Tabular disclosure of derivative assets at fair value. + References No definition available. + Details
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- Definition Tabular disclosure of derivative liabilities at fair value. + References No definition available. + Details
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- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5579245-113959 + Details
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