Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2016

Derivative [Line Items]

Schedule of the fair value of outstanding derivative contracts recorded as assets in the accompanying consolidated balance sheet

The fair value of outstanding derivative contracts designated as hedging instruments and recorded as assets in the accompanying Condensed Consolidated Balance Sheets as of June 30, 2016 and December 31, 2015 was as follows:

Designated Hedging Instruments		ASSET DERIVATIVES
		June 30, 2016		December 31, 2015
(in millions)	Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Foreign exchange contracts	Other current assets	$	0.3	$	0.3
Commodity contracts	Other current assets	0.1		—
Total derivatives designated as hedging instruments		$	0.4	$	0.3

Total asset derivatives $ 0.4 $ 0.3

Schedule of the fair value of outstanding derivative contracts recorded as liabilities in the accompanying consolidated balance sheet

The fair value of outstanding derivative contracts recorded as liabilities in the accompanying Condensed Consolidated Balance Sheets as of June 30, 2016 and December 31, 2015 was as follows:

		LIABILITY DERIVATIVES
		June 30, 2016		December 31, 2015
(in millions)	Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Foreign exchange contracts	Accounts payable and accrued expenses	$	0.6	$	0.2
Commodity contracts	Accounts payable and accrued expenses	0.1		0.7
Interest rate swap contracts: Float-to-fixed	Accounts payable and accrued expenses	—		1.7
Commodity contracts	Other non-current liabilities	—		0.1
Interest rate swap contracts: Float-to-fixed	Other non-current liabilities	—		0.6
Total derivatives designated as hedging instruments		$	0.7	$	3.3

		LIABILITY DERIVATIVES
		June 30, 2016		December 31, 2015
(in millions)	Balance Sheet Location	Fair Value
Derivatives NOT designated as hedging instruments
Foreign exchange contracts	Accounts payable and accrued expenses	$	4.7	$	0.9
Total derivatives NOT designated as hedging instruments		$	4.7	$	0.9
Total liability derivatives		$	5.4	$	4.2

Designated as Hedging Instrument

Derivative [Line Items]

Outstanding commodity and currency forward contracts

As of June 30, 2016 and December 31, 2015, the Company had the following outstanding commodity and foreign currency exchange contracts that were intended to hedge forecasted transactions:

Designated Hedging Instruments	Units Hedged
Commodity	June 30, 2016	December 31, 2015	Unit	Type
Natural Gas	64,688	175,617	MMBtu	Cash Flow
Steel	5,570	4,811	Tons	Cash Flow

Designated Hedging Instruments	Units Hedged
Short Currency	June 30, 2016	December 31, 2015	Type
European Euro	30,002,158	—	Cash Flow
South Korean Won	1,034,848,360	1,533,257,930	Cash Flow
Singapore Dollar	3,000,000	1,800,000	Cash Flow
United States Dollar	1,324,560	—	Cash Flow
Japanese Yen	328,727,300	245,915,700	Cash Flow

Not designated as hedging instruments

Derivative [Line Items]

Outstanding commodity and currency forward contracts

For derivative instruments that are not designated as hedging instruments under ASC Topic 815-10, the gains or losses on the derivatives are recognized in current earnings within Other income, net in the Condensed Consolidated Statements of Operations.  As of June 30, 2016 and December 31, 2015, the Company had the following outstanding foreign currency exchange contracts that were not designated as hedging instruments:

Non Designated Hedging Instruments	Units Hedged
Short Currency	June 30, 2016	December 31, 2015	Recognized Location	Purpose
European Euro	8,612,505	20,490,320	Other income, net	Accounts Payable and Receivable Settlement
United States Dollar	2,852,568	17,321,106	Other income, net	Accounts Payable and Receivable Settlement
Japanese Yen	320,074,648	70,518,463	Other income, net	Accounts Payable and Receivable Settlement
British Pound Sterling	—	4,840,238	Other income, net	Accounts Payable and Receivable Settlement
Singapore Dollar	—	500,000	Other income, net	Accounts Payable and Receivable Settlement