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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Effects of Derivative Instruments on Other Comprehensive Income ('OCI') and Earnings
The following tables summarize the effects of derivative instruments designated as hedges on other comprehensive income (“OCI”) and earnings, net of tax:

 
Amount of Gain (Loss) Recognized in OCI for
 
Amount of (Gain) Loss Reclassified from Accumulated OCI into Income for
 
Location of (Gain) Loss Reclassified from Accumulated OCI into Income
 
Three Months Ended
June 30,
 
Three Months Ended
June 30,
 
($ in millions)
2016
 
2015
 
2016
 
2015
 
 
Cash Flow Hedges:
 
 
 
 
 
 
 
 
 
Foreign currency hedge contracts
$
0.3

 
$
(0.4
)
 
$
0.1

 
$
(0.4
)
 
Net sales
Foreign currency hedge contracts
0.9

 
(1.1
)
 

 

 
Cost of goods and services sold
Interest rate swap contracts
(0.1
)
 

 
0.2

 
0.4

 
Interest expense
Total
$
1.1

 
$
(1.5
)
 
$
0.3

 
$

 
 
Net Investment Hedges:
 

 
 

 
 

 
 

 
 
Foreign currency-denominated debt
$

 
$
(1.2
)
 
$

 
$

 
Other expense
Total
$

 
$
(1.2
)
 
$

 
$

 
 

 
Amount of Gain (Loss) Recognized in OCI for
 
Amount of (Gain) Loss Reclassified from Accumulated OCI into Income for
 
Location of (Gain) Loss Reclassified from Accumulated OCI into Income
 
Six Months Ended
June 30,
 
Six Months Ended
June 30,
 
($ in millions)
2016
 
2015
 
2016
 
2015
 
 
Cash Flow Hedges:
 
 
 
 
 
 
 
 
 
Foreign currency hedge contracts
$
(0.3
)
 
$
1.4

 
$
0.1

 
$
(0.7
)
 
Net sales
Foreign currency hedge contracts
0.6

 
0.5

 

 

 
Cost of goods and services sold
Interest rate swap contracts
(0.2
)
 
(0.2
)
 
0.4

 
0.8

 
Interest expense
Forward treasury locks

 

 
0.1

 
0.1

 
Interest expense
Total
$
0.1

 
$
1.7

 
$
0.6

 
$
0.2

 
 
Net Investment Hedges:
 

 
 

 
 

 
 

 
 
Foreign currency-denominated debt
$
(1.1
)
 
$
5.5

 
$

 
$

 
Other expense
Total
$
(1.1
)
 
$
5.5

 
$

 
$