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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2017
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Schedule of Change in Fair Value of Foreign Currency Forward Exchange Contracts Under Hedge Designations

The change in fair value of our foreign currency forward exchange contracts under hedge designations recorded net of tax within accumulated other comprehensive income for the quarters and nine months ended September 30, 2017 and 2016 was as follows:

 

 

 

Quarter Ended September 30,

 

 

Nine Months Ended September 30,

 

(In millions)

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Unrealized losses at beginning of period, net of tax

 

$

(1.3

)

 

$

(16.5

)

 

$

(25.9

)

 

$

(15.0

)

Losses reclassified to net sales

 

 

0.6

 

 

 

4.0

 

 

 

8.9

 

 

 

10.1

 

Increase (decrease) in fair value

 

 

7.2

 

 

 

(1.7

)

 

 

23.5

 

 

 

(9.3

)

Unrealized gains (losses) at end of period, net of tax

 

$

6.5

 

 

$

(14.2

)

 

$

6.5

 

 

$

(14.2

)