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Derivative Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2017
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 Condensed Consolidated Balance Sheets as of March 31, 2017 and December 31, 2016 was as follows:
Designated Hedging Instruments |  |  |  | ASSET DERIVATIVES
|  |  |  | March 31, 2017 |  | December 31, 2016
(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 |  | 0.1 |  |  | 0.2 |
Total derivatives designated as hedging instruments |  |  |  | $ | 0.1 |  |  | $ | 0.3 |
|  |  |  | ASSET DERIVATIVES
|  |  |  | March 31, 2017 |  | December 31, 2016
(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 |  |  |  | $ | 0.1 |  |  | $ | 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 Condensed Consolidated Balance Sheets as of March 31, 2017 and December 31, 2016 was as follows:
|  |  |  | LIABILITY DERIVATIVES
|  |  |  | March 31, 2017 |  | December 31, 2016
(in millions) |  | Balance Sheet Location |  | Fair Value
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Accounts payable and accrued expenses |  | $ | 0.3 |  |  | $ | 0.9 |
Total derivatives designated as hedging instruments |  |  |  | $ | 0.3 |  |  | $ | 0.9 |
|  |  |  | LIABILITY DERIVATIVES
|  |  |  | March 31, 2017 |  | December 31, 2016
(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 |  |  |  | $ | 0.3 |  |  | $ | 1.0 |
Designated Hedging Instruments |
Derivative [Line Items] |
Outstanding commodity and foreign currency exchange contracts | As of March 31, 2017 and December 31, 2016, 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 |  | March 31, 2017 |  | December 31, 2016 |  | Unit |  | Type
Natural Gas |  | 3,579 |  |  | 26,807 |  |  | MMBtu |  | Cash Flow
Steel |  | 1,945 |  |  | 3,190 |  |  | Tons |  | Cash Flow
Designated Hedging Instruments |  | Units Hedged |  |
Currency |  | March 31, 2017 |  | December 31, 2016 |  | Type
Australian Dollar |  | 1,380,374 |  |  | 611,143 |  |  | Cash Flow
European Euro |  | 4,609,005 |  |  | 9,834,120 |  |  | Cash Flow
South Korean Won |  | 83,579,000 |  |  | 218,408,100 |  |  | Cash Flow
Singapore Dollar |  | 300,000 |  |  | 900,000 |  |  | Cash Flow
United States Dollar |  | — |  |  | 2,311,697 |  |  | Cash Flow
Japanese Yen |  | 43,867,400 |  |  | 65,502,800 |  |  | Cash Flow
Derivatives NOT designated as hedging instruments |
Derivative [Line Items] |
Outstanding commodity and foreign currency exchange 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 in the Condensed Consolidated Statements of Operations. As of March 31, 2017 and December 31, 2016, the Company had the following outstanding foreign currency exchange contracts that were not designated as hedging instruments:
Non Designated Hedging Instruments |  | Units Hedged |  |  |  |
Currency |  | March 31, 2017 |  | December 31, 2016 |  | Recognized Location |  | Purpose
European Euro |  | 4,929,005 |  |  | 10,502,111 |  |  | Other income, net |  | Accounts Payable and Receivable Settlement
United States Dollar |  | 5,550,000 |  |  | 15,318,000 |  |  | Other income, net |  | Accounts Payable and Receivable Settlement

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- 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
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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=64837297&loc=SL5579245-113959 + Details
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