XML 65 R43.htm IDEA: XBRL DOCUMENT v2.4.1.9
Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2014
Derivative Instruments and Hedges, Assets [Abstract]  
Notional Amounts And Fair Values Of Derivatives Designated As Cash Flow Hedges And Derivatives Not Designated As Cash Flow Hedges
The notional amounts and fair values of derivatives designated as cash flow hedges and derivatives not designated as cash flow hedges at December 31, 2014 and December 31, 2013 are shown below (in millions).
 
December 31, 2014
 
December 31, 2013
 
Notional
 
Fair Value
 
Notional
 
Fair Value
(in millions)
Amount
 
Asset (1)
 
Liability (2)
 
Amount
 
Asset (1)
 
Liability (2)
Derivatives not designated as cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Commodity futures
$
106.4

 
$
0.5

 
$
3.9

 
$
173.7

 
$
1.2

 
$
7.6

Foreign currency exchange
154.7

 
$
4.9

 
4.2

 
223.2

 
6.0

 
1.7

 
 
 
$
5.4

 
$
8.1

 
 
 
$
7.2

 
$
9.3

(1)
Balance recorded in “Prepaid expenses and other” and “Other non-current assets”
(2)
Balance recorded in “Accrued liabilities” and “Other liabilities”
Gain And Loss On The Derivative Representing Either Hedge Ineffectiveness Or Hedge Components Excluded From The Assessment Of Effectiveness
 
 
Year ended December 31, 2013
 
 
Effective portion recognized in
Accumulated OCI
 
Reclassified from
Accumulated OCI
 
 
(in millions)
 
Gain / (Loss)
 
Gain / (Loss)
 
Location
Derivatives designated as cash flow hedges:
 
 
 
 
 
 
Interest rate swaps
 
$
0.1

 
$
(0.1
)
 
Interest Expense
Commodity futures
 
(1.3
)
 
(1.9
)
 
Cost of Sales
Total
 
$
(1.2
)
 
$
(2.0
)
 
 
 
 
Year ended December 31, 2012
 
 
Effective portion recognized in
Accumulated OCI
 
Reclassified from
Accumulated OCI
 
Ineffective portion and amount excluded from
effectiveness testing
 
 
(in millions)
 
Gain / (Loss)
 
Gain / (Loss)
 
Gain / (Loss) (1)
 
Location
Derivatives designated as cash flow hedges:
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
0.3

 
$
—

 
$
—

 
Interest Expense
Commodity futures
 
4.8

 
(3.3
)
 
(0.3
)
 
Cost of Sales
Foreign currency exchange
 
(0.2
)
 
(1.1
)
 
—

 
Other income /(expense)
Total
 
$
4.9

 
$
(4.4
)
 
$
(0.3
)
 
 
(1)
The ineffective portion and the amount excluded from effectiveness testing for all derivatives designated as cash flow hedges is recognized in other income and expense.