Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Effect of Derivatives Instruments on Condensed Consolidated Statement of Earnings

The effect of derivatives instruments on the condensed consolidated statement of earnings:

Three Months Ended March 31 (dollars in millions):

Derivatives in ASC 815 cash flow hedging relationships	Amount of gain (loss) recognized in other comprehensive loss on derivative				Location of gain (loss) reclassified from accumulated other comprehensive loss into earnings		Amount of gain (loss) reclassified from accumulated other comprehensive loss into earnings
	2018		2017				2018		2017
Foreign currency contracts	$	2.8	$	1.1		Cost of products sold	$	—	$	—
Commodities contracts		0.1		—		Cost of products sold		—		(0.5	)
	$	2.9	$	1.1			$	—	$	(0.5	)

Designated as Hedging Instrument

Schedule of Summary by Currency of Foreign Currency Forward Contracts

The following table summarizes, by currency, the contractual amounts of the Company’s foreign currency forward contracts that are designated as cash flow hedges.

(dollars in millions)
	March 31,
	2018				2017
	Buy		Sell		Buy		Sell
British pound	$	—	$	0.9	$	—	$	0.9
Canadian dollar		—		36.6		—		58.8
Euro		23.0		2.5		19.1		1.4
Mexican peso		16.1		—		13.7		—
Total	$	39.1	$	40.0	$	32.8	$	61.1

Schedule of Impact of Cash Flow Hedges on Company's Financial Statements

The following tables present the impact of derivative contracts on the Company’s financial statements.

Fair value of derivatives designated as hedging instruments under ASC 815:

(dollars in millions)
	Balance Sheet Location	March 31, 2018			December 31, 2017
Foreign currency contracts	Other current assets	$	1.3		$	0.2
	Accrued liabilities		(4.2	)		(1.8	)
Commodities contracts	Other current assets		0.3			0.2
	Accrued liabilities		—			—
Total derivatives designated as hedging instruments		$	(2.6	)	$	(1.4	)