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Financial Instruments and Fair Value Measurement (Tables)
 12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Accounted for at Fair Value
The following tables show, by level within the fair value hierarchy, the Company’s financial assets and liabilities that are accounted for at fair value on a recurring basis at December 31, 2017 and 2016 (in millions):
Asset (Liability)
Quoted Prices in Active Markets for Identical Assets (Level 1)
Quoted Prices in Active Markets for Similar Assets (Level 2)
Unobservable inputs for which little or no market data exists (Level 3)
Total
Money market funds (a)
$
126.9

$
—

$
—

$
126.9

Available for sale investments
—

54.3

4.1

58.4

Trading securities
13.8

—

—

13.8

Deferred compensation plan liabilities
(13.8
)
—

—

(13.8
)
Derivatives:
 
 
 
 
Forward exchange contracts-Assets (b)
—

0.2

—

0.2

Forward exchange contracts-(Liabilities) (c)
—

(0.7
)
—

(0.7
)
BALANCE AT DECEMBER 31, 2017
$
126.9

$
53.8

$
4.1

$
184.8

Asset (Liability)
Quoted Prices in Active Markets for Identical Assets (Level 1)
Quoted Prices in Active Markets for Similar Assets (Level 2)
Unobservable inputs for which little or no market data exists (Level 3)
Total
Money market funds (a)
$
263.5

$
—

$
—

$
263.5

Available-for-sale investments
—

53.6

3.8

57.4

Trading securities
10.2

—

—

10.2

Deferred compensation plan liabilities
(10.2
)
—

—

(10.2
)
Derivatives:
 
 
 
 
Forward exchange contracts-Assets (b)
—

0.8

—

0.8

Forward exchange contracts-(Liabilities) (c)
—

(0.1
)
—

(0.1
)
BALANCE AT DECEMBER 31, 2016
$
263.5

$
54.3

$
3.8

$
321.6

(a)
Money market funds are included in Cash and cash equivalents in the Consolidated Balance Sheet.
(b)
Forward exchange contracts-Assets are reflected in Other current assets in the Consolidated Balance Sheet.
(c)
Forward exchange contracts-(Liabilities) are reflected in Other accrued liabilities in the Consolidated Balance Sheet.
Schedule of Derivative Instruments and Cash Flow Hedging Relationships
The following table summarizes the results of cash flow hedging relationships for years ended December 31, (in millions):
 
Derivative Gain/(Loss) Recognized in Accumulated Other Comprehensive Loss, net of tax
Location of Gain/(Loss) when reclassified
Gain/(Loss) Reclassified into Earnings (Effective Portion), net of tax
Derivative Instrument
2017

2016

(Effective Portion)
2017

2016

Forward exchange contract
$
(1.7
)
$
(1.4
)
Net sales
$
(0.3
)
$
(0.3
)
 
 
 
Cost of goods sold
$
(0.6
)
$
0.3