DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments at Fair Value

resents assets and liabilities representing the fair value of our most significant derivative financial instruments. The fair values of the derivatives reflect the change in the market value of the derivative from the date of the trade execution and do not consider the offsetting underlying hedged item.

	Expiring at various dates through:	Total USD Equivalent Notional Amount		As of March 31, 2018
				Assets		Liabilities
				Other Current Assets		Other Current Liabilities		Other Long-Term Liabilities
Derivatives designated as hedging instruments
Cash flow hedges:
Currency hedges:
Future USD sales/purchases of Canadian, Chinese, European, South Korean and Swiss subsidiaries	Jun 2019	$	132.5	$	3.5	$	.7	$	.1
Future DKK sales of Polish subsidiary	Sep 2019	21.9		.3		—		—
Future EUR sales of UK, Chinese and Swiss subsidiaries	Jun 2019	40.1		.3		.1		—
Future MXN purchases of a USD subsidiary	Jun 2019	6.6		.1		—		—
Total cash flow hedges				4.2		.8		.1
Fair value hedges:
Intercompany and third party receivables and payables exposed to multiple currencies (DKK, EUR, USD and ZAR) in various countries (CAD, CHF, GBP, PLN and USD)	Dec 2018	51.4		—		.7		—
Derivatives not designated as hedging instruments
Non-deliverable hedges (EUR, JPY and USD) exposed to the CNY	Mar 2019	28.8		.7		—		—
				$	4.9	$	1.5	$	.1

	Expiring at various dates through:	Total USD Equivalent Notional Amount		As of December 31, 2017
				Assets				Liabilities
				Other Current Assets		Sundry		Other Current Liabilities		Other Long-Term Liabilities
Derivatives designated as hedging instruments
Cash flow hedges:
Currency hedges:
Future USD sales/purchases of Canadian, Chinese, European, South Korean and Swiss subsidiaries	Mar 2019	$	158.1	$	2.2	$	.2	$	.5	$	—
Future MXN purchases of a USD subsidiary	Mar 2019	6.6		—		—		.5		—
Future JPY sales of a Chinese subsidiary	Dec 2018	11.2		.1		—		—		—
Future DKK sales of a Polish subsidiary	Dec 2018	16.0		.6		—		—		—
Future EUR sales of Chinese, Swiss and UK subsidiaries	Mar 2019	38.8		—		—		.3		.1
Total cash flow hedges				2.9		.2		1.3		.1
Fair value hedges:
Intercompany and third party receivables and payables exposed to multiple currencies (DKK, EUR, USD and ZAR) in various countries (CAD, CHF, EUR and USD)	Dec 2018	35.9		.2		—		.5		—
Derivatives not designated as hedging instruments
Non-deliverable hedges (EUR, JPY and USD) exposed to the CNY	Nov 2018	17.0		.3		—		—		—
USD receivable on a CAD subsidiary	Jan 2018	19.0		.3		—		—		—
Total derivatives not designated as hedging instruments				.6		—		—		—
				$	3.7	$	.2	$	1.8	$	.1

Pre-Tax (Gains) Losses of Hedging Activities

The following table sets forth the pretax (gains) losses 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.

	Caption in Consolidated Condensed Statements of Operations	Amount of (Gain) Loss Recorded in Income Three Months Ended   March 31,
		2018			2017
Derivatives designated as hedging instruments
Interest rate cash flow hedges	Interest expense	$	1.1		$	1.1
Currency cash flow hedges	Net sales	(1.5		)	1.3
Currency cash flow hedges	Cost of goods sold	.2			.1
Total cash flow hedges		(.2		)	2.5
Fair value hedges	Other (income) expense, net	.6			.1
Derivatives not designated as hedging instruments	Other (income) expense, net	(.8		)	—
Total derivative instruments		$	(.4	)	$	2.6