Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

Location and Fair Value of Derivative Instruments Designated as Hedging Instruments

The location and fair value of derivative instruments that are designated as hedging instruments recognized in the condensed consolidated balance sheets are as follows:

	Balance Sheet Location	Fair Value of Derivatives
Derivatives Designated as Hedging Instruments		March 31, 2016		December 31, 2015
(dollars in millions)
Forward currency contracts	Other current assets	$	1.2	$	2.9
Option currency contracts	Other current assets		1.7		3.8
Interest rate swap contract	Other current assets		—		0.2
Forward currency contracts	Other assets		0.1		—
		$	3.0	$	6.9
Forward currency contracts	Accrued expenses	$	4.0	$	6.2
Interest rate swap contract	Accrued expenses		22.5		8.0
		$	26.5	$	14.2

Location and Amounts of Gains and Losses on Derivative Instruments Designated as Cash Flow Hedges

The location and amounts of gains and losses on derivative instruments designated as cash flow hedges and the impact on shareholders’ investment are as follows:

	Gain/(Loss) Recognized in Other Comprehensive Income (Loss)						Location of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss  into Income	Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Income
	Three Months Ended March 31,							Three Months Ended March 31,
	2016			2015				2016			2015
(dollars in millions)
Forward currency contracts	$	(0.8	)	$	0.1		Cost of goods sold	$	(2.4	)	$	0.8
Option currency contracts		(1.7	)		9.0		Cost of goods sold		1.8			1.1
Interest rate swap contract		(14.5	)		(7.9	)	Interest expense		—			—
	$	(17.0	)	$	1.2			$	(0.6	)	$	1.9

Financial Instrument Assets and (Liabilities) Measured at Fair Value on Recurring Basis

The following table summarizes certain financial instrument assets and (liabilities) measured at fair value on a recurring basis:

	March 31, 2016			December 31, 2015
(dollars in millions)
Forward currency contracts	$	(2.7	)	$	(3.3	)
Option currency contracts		1.7			3.8
Interest rate swap contracts		(22.5	)		(7.8	)