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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Outstanding Foreign Currency Contracts
At December 31, 2016, we had outstanding foreign currency contracts to purchase and sell certain currencies, as follows:

(in millions)
 
 
Sell
Currency
Purchase
 
USD
Euro
USD
49.0

 

46.1

Yen
6,475.0

 
31.6

23.5

Singapore Dollar
37.0

 
18.2

7.3

Effects of Derivative Instruments on Other Comprehensive Income ('OCI') and earnings
The following table summarizes the effects of derivative instruments designated as hedges on OCI and earnings, net of tax, for the year ended December 31:
 
Amount of (Loss)Gain Recognized in OCI
 
Amount of (Gain) Loss Reclassified from Accumulated OCI into Income
 
Location of (Gain) Loss Reclassified from Accumulated OCI into
Income
($ in millions)
2016
 
2015
 
2016
 
2015
 
 
Cash Flow Hedges:
 
 
 
 
 
 
 
 
 
Foreign currency hedge contracts
$
(0.5
)
 
$
1.6

 
$

 
$
(1.6
)
 
Net sales
Foreign currency hedge contracts
(0.6
)
 

 

 

 
Cost of goods and services sold
Interest rate swap contracts
(0.1
)
 
(0.3
)
 
0.8

 
1.3

 
Interest expense
Forward treasury locks

 

 
0.3

 
0.2

 
Interest expense
Total
$
(1.2
)
 
$
1.3

 
$
1.1

 
$
(0.1
)
 
 
Net Investment Hedges:
 

 
 

 
 

 
 

 
 
Foreign currency-denominated debt
$

 
$
6.2

 
$

 
$

 
Foreign exchange and other
Total
$

 
$
6.2

 
$

 
$