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Equity (Tables)
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Schedule of Components of Other Comprehensive Income (Loss)
The components of accumulated other comprehensive income (loss) as of December 31, 2016 and 2015 are as follows:
(in millions)
 
2016
 
2015
Foreign currency translation
 
$
(110.8
)
 
$
(121.4
)
Derivative instrument fair market value, net of income taxes of $(0.3) and $(2.2)
 
(0.3
)
 
(3.8
)
Employee pension and postretirement benefit adjustments, net of income taxes of $(19.0) and $(35.2)
 
(51.8
)
 
(82.6
)
 
 
$
(162.9
)
 
$
(207.8
)

A reconciliation for the changes in accumulated other comprehensive income (loss), net of tax, by component for the year ended December 31, 2015 and December 31, 2016 is as follows:
(in millions)
 
Gains and Losses on Cash Flow Hedges
 
Pension & Postretirement
 
Foreign Currency Translation
 
Total
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 income
 
2.5

 
12.4

 
(92.2
)
 
(77.3
)
Balance at December 31, 2015
 
(3.8
)
 
(82.6
)
 
(121.4
)
 
(207.8
)
Other comprehensive loss before reclassifications
 
(2.9
)
 
(8.6
)
 
(20.4
)
 
(31.9
)
Amounts reclassified from accumulated other comprehensive income
 
4.3

 
4.5

 
—

 
8.8

Net current period other comprehensive loss
 
1.4

 
(4.1
)
 
(20.4
)
 
(23.1
)
Distribution of MFS
 
2.1

 
34.9

 
31.0

 
68.0

Balance at December 31, 2016
 
$
(0.3
)
 
$
(51.8
)
 
$
(110.8
)
 
$
(162.9
)
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, 2016 is as follows:
(in millions)
 
Amount Reclassified from Accumulated Other Comprehensive Income
 
Recognized Location
Gains and losses on cash flow hedges
 
 
 
 
  Foreign exchange contracts
 
$
(0.9
)
 
Cost of sales
  Commodity contracts
 
(0.2
)
 
Cost of sales
  Interest rate swap contracts: Float-to-fixed
 
(4.3
)
 
Interest expense
 
 
(5.4
)
 
Total before tax
 
 
1.1

 
Tax benefit
 
 
$
(4.3
)
 
Net of tax
Amortization of pension and postretirement items
 
 
 
 
  Actuarial losses
 
$
(4.6
)
(a)
 
  Amortization of prior service cost
 
(0.1
)
(a)
 
 
 
(4.7
)
 
Total before tax
 
 
0.2

 
Tax benefit
 
 
$
(4.5
)
 
Net of Tax
 
 
 
 
 
Total reclassifications for the period
 
$
(8.8
)
 
Net of Tax
 
 
 
 
 
(a) These other comprehensive income components are included in the computation of net periodic pension cost (see Note 21, “Employee Benefit Plans,” for further details).

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
 
 
 
 
  Actuarial losses
 
$
(7.5
)
(a)
 
  Amortization of prior service cost
 
(0.1
)
(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 21, “Employee Benefit Plans,” for further details).
A reconciliation for the reclassifications out of accumulated other comprehensive income, net of tax, for the year ended December 31, 2014 is as follows:
(in millions)
 
Amount Reclassified from Accumulated Other Comprehensive Income
 
Recognized Location
Gains and losses on cash flow hedges
 
 
 
 
  Foreign exchange contracts
 
$
(2.2
)
 
Cost of sales
  Commodity contracts
 
(0.1
)
 
Cost of sales
  Interest rate swap contracts: Float-to-fixed
 
(1.8
)
 
Interest expense
 
 
(4.1
)
 
Total before tax
 
 
1.5

 
Tax expense
 
 
$
(2.6
)
 
Net of tax
Amortization of pension and postretirement items
 
 
 
 
  Actuarial losses
 
$
(4.3
)
(a)
 
  Amortization of prior service cost
 
0.2

(a)
 
 
 
(4.1
)
 
Total before tax
 
 
1.0

 
Tax benefit
 
 
$
(3.1
)
 
Net of Tax
 
 
 
 
 
Total reclassifications for the period
 
$
(5.7
)
 
Net of Tax
 
 
 
 
 
(a) These other comprehensive income components are included in the computation of net periodic pension cost (see Note 21, “Employee Benefit Plans,” for further details).