Financial Instruments (Tables)

9 Months Ended

Sep. 30, 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			September 30, 2016		December 31, 2015
(dollars in millions)
Forward currency contracts		Other current assets	$	1.3	$	2.9
Option currency contracts		Other current assets		0.2		3.8
Interest rate swap contract		Other current assets		—		0.2
Forward currency contracts		Other assets		0.3		—
			$	1.8	$	6.9
Forward currency contracts		Accrued expenses	$	11.4	$	6.2
Interest rate swap contract		Accrued expenses		—		8.0
Forward currency contracts		Other long-term liabilities		2.5		—
			$	13.9	$	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
	Quarter Ended September 30,								Quarter Ended September 30,
	2016			2015					2016			2015
(dollars in millions)
Forward currency contracts	$	(3.5	)	$	(3.6	)		Cost of goods sold	$	(1.2	)	$	(1.6	)
Option currency contracts		(0.3	)		(2.4	)		Cost of goods sold		(0.8	)		4.5
Interest rate swap contract		—			(12.9	)		Interest expense		(0.5	)		—
	$	(3.8	)	$	(18.9	)			$	(2.5	)	$	2.9
	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
	Nine Months Ended September 30,								Nine Months Ended September 30,
	2016			2015					2016			2015
(dollars in millions)
Forward currency contracts	$	(15.3	)	$	(5.4	)		Cost of goods sold	$	(5.9	)	$	(1.0	)
Option currency contracts		(3.3	)		8.0			Cost of goods sold		0.2			9.0
Interest rate swap contract		(15.3	)		(10.7	)		Interest expense		(0.9	)		—
	$	(33.9	)	$	(8.1	)			$	(6.6	)	$	8.0

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:

	September 30, 2016			December 31, 2015
(dollars in millions)
Forward currency contracts	$	(12.3	)	$	(3.3	)
Option currency contracts		0.2			3.8
Interest rate swap contracts		—			(7.8	)