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Financial Instruments and Risk Management (Tables)
12 Months Ended
Dec. 31, 2014
General Discussion of Derivative Instruments and Hedging Activities [Abstract]  
Schedule of Fair Value of All Derivative Contracts
Derivatives are recognized on the Consolidated Balance Sheets at their fair values. The following table presents the fair value of derivative instruments outstanding at December 31, 2014:
 
Asset
 
Liability
 
Balance Sheet
Classification
 
Fair
Value
 
Balance Sheet
Classification
 
Fair
Value
Derivatives not designated as hedges:
 
 
 
 
 
 
 
Foreign exchange forward contracts
Prepaid expenses and other
 
$
.6

 
Accounts payable
 
$
5.0

Total derivatives not designated as hedges
 
 
$
.6

 
 
 
$
5.0

Total derivatives
 
 
$
.6

 
 
 
$
5.0


The following table presents the fair value of derivative instruments outstanding at December 31, 2013:
 
Asset
 
Liability
 
Balance  Sheet
Classification
 
Fair
Value
 
Balance Sheet
Classification
 
Fair
Value
Derivatives not designated as hedges:
 
 
 
 
 
 
 
Foreign exchange forward contracts
Prepaid expenses and other
 
$
3.4

 
Accounts payable
 
$
.3

Total derivatives not designated as hedges
 
 
$
3.4

 
 
 
$
.3

Total derivatives
 
 
$
3.4

 
 
 
$
.3

Impact of Cash Flow Hedges on Accumulated Other Comprehensive Income
For the years ended December 31, 2014 and 2013, treasury lock agreements impacted AOCI as follows:
 
 
2014
 
2013
Net unamortized losses at beginning of year, net of taxes of $2.7 and $3.7
 
$
(5.1
)
 
$
(6.8
)
Reclassification of net losses to earnings, net of taxes of $0.0 and $1.0
 
1.9

 
1.7

Net unamortized losses at end of year, net of taxes of $2.7 and $2.7
 
$
(3.2
)
 
$
(5.1
)