XML 46 R37.htm IDEA: XBRL DOCUMENT v3.5.0.2
Financial Instruments and Risk Management (Tables)
12 Months Ended
Dec. 31, 2015
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, 2015:
 
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
 
$
1.2

 
Accounts payable
 
$
1.1

Total derivatives not designated as hedges
 
 
$
1.2

 
 
 
$
1.1

Total derivatives
 
 
$
1.2

 
 
 
$
1.1


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
 
$
4.9

Total derivatives not designated as hedges
 
 
$
.6

 
 
 
$
4.9

Total derivatives
 
 
$
.6

 
 
 
$
4.9

Impact of Cash Flow Hedges on Accumulated Other Comprehensive Income
For the years ended December 31, 2015 and 2014, treasury lock agreements impacted AOCI as follows:
 
 
2015
 
2014
Pre-tax net unamortized losses at beginning of year(1)
 
$
(5.9
)
 
$
(7.8
)
Reclassification of net losses to earnings
 
1.9

 
1.9

Pre-tax net unamortized losses at end of year(1)
 
$
(4.0
)
 
$
(5.9
)