Quarterly report pursuant to Section 13 or 15(d)

Derivative Financial Instruments (Tables)

v3.4.0.3
Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of the Fair Value of Derivative Assets and Liabilities
The following tables detail amounts related to our derivatives designated as hedging instruments as of March 31, 2016 and December 31, 2015. We had no derivative assets or liabilities that were not designated as hedging instruments at March 31, 2016 or December 31, 2015. The derivative asset and liability balances below are gross amounts; we have not netted assets with liabilities.
 
Derivative Assets
 
Derivative Liabilities
 
 
 
Fair Value
 
 
 
Fair Value
(Dollars in millions)
Balance Sheet Location
 
March 31, 2016

 
December 31, 2015
 
Balance Sheet Location
 
March 31, 2016

 
December 31,
2015
Foreign exchange contracts
Prepaid expenses and other current assets
 
$
0.8

 
$
3.2

 
Accounts payable and accrued expenses
 
$
0.3

 
$
0.3

Summary of Derivative Gain (Loss)
 
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (“AOCI”) (Effective Portion)
 
Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
 
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
 
Three Months Ended March 31,
 
 
 
Three Months Ended March 31,
(Dollars in millions)
2016
 
2015
 
 
 
2016
 
2015
Foreign exchange contracts – purchases
$
(0.3
)
 
$
(0.6
)
 
Cost of goods sold
 
$
(0.1
)
 
$
(0.2
)
Foreign exchange contracts – sales
(1.1
)
 
2.7

 
Net sales
 
1.0

 
1.2

Total
$
(1.4
)
 
$
2.1

 
 
 
$
0.9

 
$
1.0