Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Price Risk Derivatives

At September 30, 2015, the following commodity derivative contracts were outstanding:

	Commodity derivative contracts
Commodity	Volume hedged September 30, 2015	Units of measure	Duration
Copper	362.2	Metric Tons	Dec -16

Schedule of Interest Rate Derivatives [Table Text Block]

	Interest rate swap contracts
(in millions)	Hedge Type	Notional Amount		Duration
Fixed to floating	Fair value	$	250.0	Sept - 20
Fixed to floating	Fair value	$	134.0	Oct - 19

Notional Amounts of Outstanding Derivative Positions

At September 30, 2015 and December 31, 2014, the following foreign currency derivative contracts were outstanding:

Foreign currency derivatives (in millions)
Functional currency	Traded currency	Notional in traded currency September 30, 2015	Notional in traded currency December 31, 2014	Duration
Chinese yuan	Euro	38.8	—	Dec - 16
Chinese yuan	US dollar	17.0	24.9	Dec - 16
Euro	British pound	1.4	5.7	Dec - 15
Euro	Japanese yen	1,571.7	4,371.8	Dec - 16
Euro	US dollar	33.6	23.5	Dec - 16
Japanese yen	Chinese yuan	23.4	88.6	Dec - 15
Japanese yen	Korean won	1,641.2	6,712.5	Dec - 15
Japanese yen	US dollar	1.0	3.8	Dec - 15
Korean won	Euro	4.7	2.5	Dec - 16
Korean won	Japanese yen	283.0	72.0	Dec - 15
Korean won	US dollar	28.6	22.7	Dec - 16
Mexican peso	US dollar	3.4	22.6	Dec - 15
Swedish krona	Euro	8.0	31.4	Dec - 15
US dollar	Euro	500.0	—	Dec - 15

Derivatives Instruments in Statements of Financial Position

At September 30, 2015 and December 31, 2014, the following amounts were recorded in the Condensed Consolidated Balance Sheets as being payable to or receivable from counterparties under ASC Topic 815:

	Assets					Liabilities
(in millions)	Location	September 30, 2015		December 31, 2014		Location	September 30, 2015		December 31, 2014
Foreign currency	Prepayments and other current assets	$	3.9	$	3.7	Accounts payable and accrued expenses	$	2.3	$	2.4
	Other non-current assets	$	0.2	$	0.1	Other non-current liabilities	$	0.2	$	0.5
Commodity	Prepayments and other current assets	$	—	$	—	Accounts payable and accrued expenses	$	0.3	$	—
Interest rate swaps	Other non-current assets	$	2.8	$	—	Accounts payable and accrued expenses	$	—	$	—
Net investment hedge	Prepayments and other current assets	$	—	$	—	Accounts payable and accrued expenses	$	3.1	$	—

Deferred Losses Reported In Accumulated Other Comprehensive Income Loss

The table below shows deferred gains (losses) reported in AOCI as well as the amount expected to be reclassified to income in one year or less. The amount expected to be reclassified to income in one year or less assumes no change in the current relationship of the hedged item at September 30, 2015 market rates.

(in millions)	Deferred gain (loss) in AOCI at					Gain (loss) expected to be reclassified to income in one year or less
Contract Type	September 30, 2015			December 31, 2014
Foreign currency	$	2.5		$	1.3	$	2.4
Commodity	(0.3		)	—		(0.3		)
Net investment hedge	(3.6		)	0.2		—
Total	$	(1.4	)	$	1.5	$	2.1

Derivatives Designated As Cash Flow Hedging Instruments

Derivative instruments designated as hedging instruments as defined by ASC Topic 815 held during the period resulted in the following gains and losses recorded in income:

		Gain (loss) reclassified from AOCI to income (effective portion)							Gain (loss) recognized in income (ineffective portion)
(in millions)		Three Months Ended							Three Months Ended
Contract Type	Location	September 30, 2015			September 30, 2014			Location	September 30, 2015		September 30, 2014
Foreign currency	Sales	$	(1.3	)	$	0.7		SG&A expense	$	—	$	0.1
Foreign currency	Cost of goods sold	$	1.8		$	0.2		SG&A expense	$	—	$	(0.1	)
Foreign currency	SG&A expense	$	—		$	(0.2	)	SG&A expense	$	—	$	—
Commodity	Cost of goods sold	$	(0.1	)	$	—		Cost of goods sold	$	—	$	—
Cross-currency swap	Interest expense	$	0.4		$	—		Interest expense	$	—	$	0.4

		Gain (loss) reclassified from AOCI to income (effective portion)							Gain (loss) recognized in income (ineffective portion)
(in millions)		Nine Months Ended							Nine Months Ended
Contract Type	Location	September 30, 2015			September 30, 2014			Location	September 30, 2015			September 30, 2014
Foreign currency	Sales	$	(1.6	)	$	2.0		SG&A expense	$	(0.4	)	$	0.2
Foreign currency	Cost of goods sold	$	5.6		$	(1.6	)	SG&A expense	$	0.1		$	(0.1	)
Foreign currency	SG&A expense	$	—		$	(0.6	)	SG&A expense	$	—		$	—
Commodity	Cost of goods sold	$	(0.1	)	$	—		Cost of goods sold	$	—		$	—
Cross-currency swap	Interest expense	$	0.4		$	—		Interest expense	$	—		$	1.0