RISK MANAGEMENT AND DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments at Fair Value

We hav

Gains (Losses) of Hedging Activities Recorded in Income

The following table sets forth the pre-tax (gains) losses from continuing operations for our hedging activities for the years presented. This schedule includes reclassifications from accumulated other comprehensive income (see Note 12) as well as derivative settlements recorded directly to income or expense.

	Income Statement Caption	Amount of (Gain) Loss Recorded in Income Six Months Ended June 30,						Amount of (Gain) Loss Recorded in Income Three Months Ended June 30,
		2016			2015			2016			2015
Derivatives designated as hedging instruments
Interest rate cash flow hedges	Interest expense	$	2.1		$	2.0		$	1.1		$	1.0
Foreign currency cash flow hedges	Net sales	5.2			(.5		)	2.1			(.5		)
Foreign currency cash flow hedges	Cost of goods sold	.4			(.8		)	.3			(.4		)
Total cash flow hedges		7.7			.7			3.5			.1
Fair value hedges	Other (income) expense, net	(1.8		)	(.2		)	(.5		)	(.9		)
Derivatives not designated as hedging instruments
Hedge of USD cash-UK and Swiss subsidiaries	Other (income) expense, net	—			(.1		)	—			—
Hedge of EUR cash-USD, UK and Swiss subsidiaries	Other (income) expense, net	(.4		)	.9			(.2		)	.2
Hedge of DKK cash-USD subsidiary	Other (income) expense, net	—			(.1		)	(.1		)	(.1		)
Hedge of GBP cash-USD subsidiary	Other (income) expense, net	.1			—			.1			—
Non-deliverable hedge on USD exposure to CNY	Other (income) expense, net	(.2		)	(.1		)	(.1		)	(.1		)
Non-deliverable hedge on EUR exposure to CNY	Other (income) expense, net	—			—			.1			—
Non-deliverable hedge on JPY exposure to CNY	Other (income) expense, net	.3			—			.4			—
Total derivative instruments		$	5.7		$	1.1		$	3.2		$	(.8	)