XML 56 R40.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Derivative Financial Instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 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 recorded as assets in the accompanying Consolidated Balance Sheet as of December 31, 2015 was as follows:
| ASSET DERIVATIVES
(in millions) | Balance Sheet Location | Fair Value
Derivatives designated as hedging instruments |  |  |
Foreign exchange contracts | Other current assets | $ | 0.3 |
Total derivatives designated as hedging instruments |  | $ | 0.3 |
| ASSET DERIVATIVES
(in millions) | Balance Sheet Location | Fair Value
Derivatives NOT designated as hedging instruments |  |  |
Foreign exchange contracts | Other current assets | $ | — |
Total derivatives NOT designated as hedging instruments |  | $ | — |
Total asset derivatives |  | $ | 0.3 |
The fair value of outstanding derivative contracts recorded as assets in the accompanying Consolidated Balance Sheet as of December 31, 2016 was as follows:
| ASSET DERIVATIVES
(in millions) | Balance Sheet Location | Fair Value
Derivatives designated as hedging instruments |  |  |
Foreign exchange contracts | Other current assets | $ | 0.1 |
Commodity contracts | Other current assets | 0.2 |
Total derivatives designated as hedging instruments |  | $ | 0.3 |
| ASSET DERIVATIVES
(in millions) | Balance Sheet Location | Fair Value
Derivatives NOT designated as hedging instruments |  |  |
Foreign exchange contracts | Other current assets | $ | 0.1 |
Total derivatives NOT designated as hedging instruments |  | $ | 0.1 |
Total asset derivatives |  | $ | 0.4 |
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 Consolidated Balance Sheet as of December 31, 2015 was as follows:
| LIABILITY DERIVATIVES
(in millions) | Balance Sheet Location | Fair Value
Derivatives designated as hedging instruments |  |  |
Foreign exchange contracts | Accounts payable and accrued expenses | $ | 0.2 |
Commodity contracts | Accounts payable and accrued expenses | 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 |  | $ | 3.3 |
| LIABILITY DERIVATIVES
(in millions) | Balance Sheet Location | Fair Value
Derivatives NOT designated as hedging instruments |  |  |
Foreign exchange contracts | Accounts payable and accrued expenses | $ | 0.9 |
Total derivatives NOT designated as hedging instruments |  | $ | 0.9 |
Total liability derivatives |  | $ | 4.2 |
The fair value of outstanding derivative contracts recorded as liabilities in the accompanying Consolidated Balance Sheet as of December 31, 2016 was as follows:
| LIABILITY DERIVATIVES
(in millions) | Balance Sheet Location | Fair Value
Derivatives designated as hedging instruments |  |  |
Foreign exchange contracts | Accounts payable and accrued expenses | $ | 0.9 |
Total derivatives designated as hedging instruments |  | $ | 0.9 |
| LIABILITY DERIVATIVES
(in millions) | Balance Sheet Location | Fair Value
Derivatives NOT designated as hedging instruments |  |  |
Foreign exchange contracts | Accounts payable and accrued expenses | $ | 0.1 |
Total derivatives NOT designated as hedging instruments |  | $ | 0.1 |
Total liability derivatives |  | $ | 1.0 |
Designated as Hedging Instrument |
Derivative [Line Items] |
Schedule of Outstanding Commodity and Currency Forward Contracts | As of December 31, 2015, the Company had the following outstanding commodity and currency forward contracts that were entered into as hedges of forecasted transactions:
Designated Hedging Instruments |  |  |  |  |  |
Commodity |  | Units Hedged |  | Unit |  | Type
Natural Gas |  | 175,617 |  | MMBtu |  | Cash Flow
Steel |  | 4,811 |  | Short Tons |  | Cash Flow
Designated Hedging Instruments |  |  |  |
Currency |  | Units Hedged |  | Type
South Korean Won |  | 1,533,257,930 |  | Cash Flow
Singapore Dollar |  | 1,800,000 |  | Cash Flow
Japanese Yen |  | 245,915,700 |  | Cash Flow
As of December 31, 2016, the Company had the following outstanding commodity swap and currency forward contracts that were entered into as hedges of forecasted transactions:
Designated Hedging Instruments |  |  |  |  |  |
Commodity |  | Units Hedged |  | Unit |  | Type
Natural Gas |  | 26,807 |  | MMBtu |  | Cash Flow
Steel |  | 3,190 |  | Short Tons |  | Cash Flow
Designated Hedging Instruments |  |  |
Currency |  | Units Hedged |  | Type
Australian Dollar |  | 611,143 |  |  | Cash Flow
European Euro |  | 9,834,120 |  |  | Cash Flow
South Korean Won |  | 218,408,100 |  |  | Cash Flow
Singapore Dollar |  | 900,000 |  |  | Cash Flow
United States Dollar |  | 2,311,697 |  |  | Cash Flow
Japanese Yen |  | 65,502,800 |  |  | Cash Flow
Not Designated as Hedging Instrument |
Derivative [Line Items] |
Schedule of 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 (expense) income, net. As of December 31, 2015, the Company had the following outstanding currency forward contracts that were not designated as hedging instruments:
Non Designated Hedging Instruments |  |  |  |
Currency |  | Units Hedged |  | Recognized Location |  | Purpose
European Euro |  | 20,490,320 |  | Other (expense) income, net |  | Accounts Payable and Receivable Settlement
United States Dollar |  | 17,321,106 |  | Other (expense) income, net |  | Accounts Payable and Receivable Settlement
Japanese Yen |  | 70,518,463 |  | Other (expense) income, net |  | Accounts Payable and Receivable Settlement
Singapore Dollar |  | 500,000 |  | Other (expense) income, net |  | Accounts Payable and Receivable Settlement
British Pound Sterling |  | 4,840,238 |  | Other (expense) income, net |  | Accounts Payable and Receivable Settlement
As of December 31, 2016, the Company had the following outstanding currency forward contracts that were not designated as hedging instruments:
Non Designated Hedging Instruments |  |  |  |  |
Currency |  | Units Hedged |  |  | Recognized Location |  | Purpose
European Euro |  | 10,502,111 |  |  | Other (expense) income, net |  | Accounts payable and receivable settlement
United States Dollar |  | 15,318,000 |  |  | Other (expense) income, net |  | Accounts payable and receivable settlement

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative assets at fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDerivativeAssetsAtFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative liabilities at fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDerivativeLiabilitiesAtFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=64837297&loc=SL5579245-113959 + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |