XML 52 R33.htm IDEA: XBRL DOCUMENT v3.19.1
Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Foreign Currency Contracts
As of March 31, 2019, we had outstanding foreign currency contracts to purchase and sell certain pairs of currencies, as follows:
(in millions)
 
 
Sell
Currency
Purchase
 
USD
Euro
USD
31.5

 
—

26.8

Yen
5,232.0

 
24.4

20.5

SGD
44.0

 
25.1

6.4
Effects of Derivative Instruments on Other Comprehensive Income ('OCI') and Earnings
The following table summarizes 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 the
 
Amount of (Gain) Loss Reclassified from Accumulated OCI into Income for the
 
Location of (Gain) Loss Reclassified from Accumulated OCI into Income
 
Three Months Ended
March 31,
 
Three Months Ended
March 31,
 
($ in millions)
2019
 
2018
 
2019
 
2018
 
 
Cash Flow Hedges:
 
 
 
 
 
 
 
 
 
Foreign currency hedge contracts
$
0.5

 
$
(0.4
)
 
$
(0.2
)
 
$
0.5

 
Net sales
Foreign currency hedge contracts
(0.1
)
 
1.6

 
(0.1
)
 
0.4

 
Cost of goods and services sold
Forward treasury locks
—

 
—

 
—

 
0.1

 
Interest expense
Total
$
0.4

 
$
1.2

 
$
(0.3
)
 
$
1.0

 
 
Net Investment Hedges:
 

 
 

 
 

 
 

 
 
Foreign currency-denominated debt
$
0.1

 
$
(0.7
)
 
$
—

 
$
—

 
Other (income) expense
Total
$
0.1

 
$
(0.7
)
 
$
—

 
$
—