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Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2017
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,
2017		      December 31,
2016		  
(dollars in millions)                     

Forward currency contracts

      Other current assets      $ 9.4      $ 10.9  

Forward currency contracts

      Other assets        1.6        3.9  
     

 

 

     

 

 

  
      $ 11.0      $ 14.8  
     

 

 

     

 

 

  

Forward currency contracts

      Accrued expenses      $ 1.1      $ 6.2  

Forward currency contracts

      Other long-term liabilities        0.2        —    
     

 

 

     

 

 

  
      $ 1.3      $ 6.2  
     

 

 

     

 

 

  
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,		  
     2017     2016        2017     2016  
(dollars in millions)                                

Forward currency contracts

    $ (1.0 )    $ (3.5 )      Cost of goods sold      $ 1.4     $ (1.2 ) 

Option currency contracts

      —         (0.3 )      Cost of goods sold        —         (0.8 ) 

Interest rate swap contract

      —         —         Interest expense        (0.6 )      (0.5 ) 
  

 

 

    

 

 

       

 

 

    

 

 

  
   $ (1.0 )    $ (3.8 )       $ 0.8     $ (2.5 ) 
  

 

 

    

 

 

       

 

 

    

 

 

  

 

     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,		  
     2017      2016        2017     2016  
(dollars in millions)                                 

Forward currency contracts

    $ 5.9      $ (15.3 )      Cost of goods sold      $ (2.0 )    $ (5.9 ) 

Option currency contracts

      —          (3.3 )      Cost of goods sold        (0.4 )      0.2  

Interest rate swap contract

      —          (15.3 )      Interest expense        (1.7 )      (0.9 ) 
  

 

 

     

 

 

       

 

 

    

 

 

  
   $ 5.9      $ (33.9 )       $ (4.1 )    $ (6.6 )