Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Fair Values of Derivative Instruments

The fair values of foreign exchange and commodity derivative instruments on the consolidated balance sheets as of December 31, 2013 and 2012 were:

		Fair Value
(In millions)	Location	2013		2012
Assets:
Foreign exchange contracts	Other current assets	$	2.1	$	1.0
Commodity contracts	Other current assets		—		0.2
Net investment hedges	Other current assets		0.6		—
	Total assets	$	2.7	$	1.2
Liabilities:
Foreign exchange contracts	Other current liabilities	$	0.3	$	0.8
Commodity contracts	Other current liabilities		—		0.1
	Total liabilities	$	0.3	$	0.9

Effects of Derivative Financial Instruments on Consolidated Statements of Income

The effects of derivative financial instruments on the consolidated statements of income in 2013, 2012 and 2011 were:

(In millions)	Gain (Loss) Recognized in Income
Type of hedge	Location	2013		2012			2011
Cash flow	Net sales	$	—	$	0.2		$	(0.6	)
	Cost of products sold		2.0		0.6			2.5
Fair value	Other income (expense), net		1.2		(0.3	)		—
Total		$	3.2	$	0.5		$	1.9