Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedging Activities

Schedule of notional amounts outstanding under foreign currency contracts

The Company had the following notional amounts outstanding under foreign currency contracts at December 31, (in millions):

Buy	Notional Amount in Buy Currency		Sell	Maturity	Notional Amount in U.S. Dollars		Fair Value of Assets		Fair Value of Liabilities
December 31, 2014:
Euro		43.3	U.S. Dollars	January 2015 to September 2015	$	55.4	$	—	$	2.9
U.S. Dollars		0.3	Euro	February 2015 to December 2015		0.3		—		—
Euro		0.1	British Pounds	January 2015 to June 2015		0.1		—		—
Yen		5.7	Euro	March 2015		0.1		—		—
Swiss Francs		41.4	U.S. Dollars	January 2015		43.9		—		2.2
					$	99.8	$	—	$	5.1
December 31, 2013:
Euro		40.4	U.S. Dollars	January 2014 to March 2014	$	54.5	$	1.1	$	—
Swiss Francs		37.9	U.S. Dollars	January 2014		41.4		1.2		—
					$	95.9	$	2.3	$	—

Schedule of fair value and balance sheet location of derivative instruments

        The fair value of the derivative instruments described above are recorded in the consolidated balance sheets for the years ended December 31, 2014 and 2013 as follows (in millions):

	Balance Sheet Location	2014		2013
Derivative assets:
Foreign exchange contracts	Other current assets	$	—	$	2.3
Embedded derivatives in purchase and delivery contracts	Other current assets		0.6		0.2
Fixed price commodity contracts	Other current assets		—		0.1
Derivative liabilities:
Foreign exchange contracts	Other current liabilities	$	5.1	$	—
Embedded derivatives in purchase and delivery contracts	Other current liabilities		0.4		0.4
Fixed price commodity contracts	Other current liabilities		0.2		—

Schedule of impact on net income of unrealized gains and losses resulting from changes in the fair value of derivative instruments not designated as hedging instruments

        The impact on net income of unrealized gains and losses resulting from changes in the fair value of derivative instruments not designated as hedging instruments for the years ending December 31, are as follows (in millions):

	2014			2013			2012
Foreign exchange contracts	$	(7.4	)	$	0.5		$	6.0
Embedded derivatives		0.4			(0.2	)		(0.2	)
Fixed price commodity contracts		(0.3	)		0.3			—
Income (expense), net	$	(7.3	)	$	0.6		$	5.8