Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2016
Fair Values of Derivative Instruments

The fair values of derivative instruments on the consolidated balance sheets as of September 30, 2016 and December 31, 2015 were:

 

(In millions)         Fair Value  
    

Location

    September 30,
2016		      December 31,
2015		  

Assets

         

Foreign exchange contracts

   

Other current assets

    $ 1.2       $ 6.7   

Net investment hedges

   

Other current assets

      —           0.1   
     

 

 

     

 

 

  
  

Total assets

    $ 1.2       $ 6.8   

Liabilities

         

Foreign exchange contracts

   

Other current liabilities

    $ 3.6       $ 3.1   

Net investment hedges

   

Other current liabilities

      0.2         —     
     

 

 

     

 

 

  
  

Total liabilities

    $ 3.8       $ 3.1   
Effects of Derivative Financial Instruments on Statements of Comprehensive Income

The effects of derivative financial instruments on the statements of comprehensive income for the nine and three months ended September 30, 2016 and 2015 were:

 

(In millions)       Gain (Loss) Recognized in Income
Nine Months Ended September 30,		  

Type of hedge

  

Location

   2016     2015  

Cash flow

  

Cost of products sold

   $ (2.6 )    $ 3.0   

Fair value

  

Other (income) expense, net

     1.3        5.9   
   

 

 

    

 

 

  

Total

     $ (1.3 )    $ 8.9   
(In millions)       Gain (Loss) Recognized in Income
Three Months Ended September 30,		  

Type of hedge

  

Location

   2016     2015  

Cash flow

  

Cost of products sold

   $ (1.2 )    $ 1.0   

Fair value

  

Other (income) expense, net

     0.3        3.2   
   

 

 

    

 

 

  

Total

     $ (0.9 )    $ 4.2