Derivatives (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedges, Assets [Abstract]

Schedule Of Derivative Instruments

The following table summarizes the Company’s outstanding derivative instruments and their effects on the Consolidated Balance Sheets as of December 31, 2016 and 2015 (in millions):

		Assets					Liabilities
Derivatives designated as hedging instruments:	Balance Sheet Location	2016		2015		Balance Sheet Location	2016		2015
Interest rate swaps	Other assets	$	—	$	2.2	Other noncurrent liabilities	$	5.9	$	5.3
Forward-starting interest rate swaps	Prepaid expenses and other	—		0.1		Other accrued liabilities	—		3.2
Cross-currency interest rate swaps	Other assets	0.7		0.6		Other noncurrent liabilities	16.3		3.3
Foreign exchange contracts on forecasted transactions	Prepaid expenses and other and Other assets	14.2		6.6		Other accrued liabilities	3.4		0.1
Foreign exchange contracts on intercompany borrowings	Prepaid expenses and other	—		—		Other accrued liabilities	—		1.6
Subtotal		14.9		9.5			25.6		13.5
Derivatives not designated as effective hedges:
Foreign exchange contracts	Prepaid expenses and other	18.2		—		Other accrued liabilities	10.9		—
Commodity contracts	Prepaid expenses and other	0.2		—		Other accrued liabilities	0.3		—
Subtotal		18.4		—			11.2		—
Total		$	33.3	$	9.5		$	36.8	$	13.5

Schedule Of Cash Flow Hedges Recognized In Accumulated Other Comprehensive Income

The pretax effects of derivative instruments designated as cash flow hedges on the Company’s Consolidated Statements of Operations and AOCI for 2016, 2015 and 2014 were as follows (in millions):

Derivatives in cash flow hedging relationships	Location of gain (loss) recognized in income	Amount of gain (loss) reclassified from AOCI into income
		2016			2015			2014
Foreign exchange contracts on forecasted transactions	Cost of products sold, intercompany sales, third party sales	$	7.4		$	16.2		$	5.9
Foreign exchange contracts on intercompany borrowings	Other expense, net	—			(0.1		)	0.3
Forward-starting interest rate swaps	Interest expense, net	(6.2		)	(0.8		)	(0.7		)
Cross-currency interest rate swaps on intercompany borrowings	Other expense, net	(13.2		)	(1.0		)	—
		$	(12.0	)	$	14.3		$	5.5

Derivatives in cash flow hedging relationships	Amount of gain (loss) recognized in AOCI
	2016			2015			2014
Foreign exchange contracts on forecasted transactions	$	31.2		$	15.5		$	11.6
Foreign exchange contracts on intercompany borrowings	0.1			0.3			3.3
Forward-starting interest rate swaps	(88.1		)	(3.1		)	—
Cross-currency interest rate swaps on intercompany borrowings	(13.0		)	(2.7		)	—
	$	(69.8	)	$	10.0		$	14.9