Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2016

Derivative Instrument Detail [Abstract]

Schedule of Foreign Exchange Contracts and Other Derivative Instruments, Statement of Financial Position

	Gain (loss) recognized in OCI		Income Statement location	Gain (loss) reclassified from AOCI into income
Six months to June 30,	2016	2015		2016	2015
	(in millions)			(in millions)
Designated Derivative Instruments
Cash flow hedges
Foreign exchange contracts	(3.4)	-	Cost of sales	-	-
	Location of gain (loss) in Income Statement			Gain (loss) recognized in income
Six months to June 30,				2016	2015
				(in millions)
Fair value hedges
Interest rate contracts	Interest expense			22.1	-
Undesignated Derivative Instruments
Foreign exchange contracts	Other income, net			(28.8)	21.3
Interest rate swap contracts	Interest expense			(4.6)	-

Classification and Estimated Fair Value Amounts of Derivative Instruments

	Derivatives in asset positions		Derivatives in liability positions
(in millions)	Balance Sheet location	Fair Value	Balance Sheet location	Fair Value
Designated Derivative Instruments
Foreign exchange contracts	Other current assets	1.8	Accrued liabilities	9.3
Interest rate contracts	Other non-current assets	55.6		-
		57.4		9.3
Undesignated Derivative Instruments
Foreign exchange forward contracts	Prepaid and other current assets	7.9	Accrued liabilities	26.8
Interest rate swap contracts	Prepaid and other current assets	-	Accrued liabilities	4.6
		65.3		40.7