Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Fair Values of Derivative Instruments

The fair values of foreign exchange and commodity derivative instruments on the consolidated balance sheets as of December 31, 2014 and 2013 were:

		Fair Value
(In millions)	Location	2014		2013
Assets:
Foreign exchange contracts	Other current assets	$	5.1	$	2.1
Net investment hedges	Other current assets		0.5		0.6
	Total assets	$	5.6	$	2.7
Liabilities:
Foreign exchange contracts	Other current liabilities	$	5.4	$	0.3

Effects of Derivative Financial Instruments on Consolidated Statements of Income

The effects of derivative financial instruments on the consolidated statements of income in 2014, 2013 and 2012 were:

(In millions)	Gain (Loss) Recognized in Income
Type of hedge	Location	2014			2013		2012
Cash flow	Net sales	$	—		$	—	$	(0.1	)
	Cost of products sold		0.5			1.9		0.5
	Other income (expense), net		(0.4	)		—		—
Fair value	Other income (expense), net		3.6			1.2		(0.3	)
Total		$	3.7		$	3.1	$	0.1