Annual report pursuant to Section 13 and 15(d)

Derivative Financial Instruments (Tables)

v3.8.0.1
Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of the Fair Value of Derivative Assets and Liabilities
The following table presents the classification of derivative assets and liabilities within the Consolidated Balance Sheets. The foreign exchange contracts outstanding are presented gross as we have not netted derivative assets with derivative liabilities:
 
December 31, 2017
 
December 31, 2016
 
Assets (1)
 
Liabilities (2)
 
Assets (1)
 
Liabilities (2)
Derivatives designated as cash flow hedging instruments
 
 
 
 
 
 
 
Foreign exchange contracts
$

 
$
1.2

 
$
0.8

 
$

Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
Foreign exchange contracts

 
0.3

 
0.8

 

Total
$

 
$
1.5

 
$
1.6

 
$

_____________
(1) Derivative assets are classified within prepaid expenses and other current assets as well as other non-current assets.
(2) Derivative liabilities are classified within accounts payable and accrued expenses as well as other long-term liabilities.
Summary of Derivative Gain (Loss)
The following tables summarize the impact of the effective portion of derivative instruments on the Consolidated Statements of Operations and Comprehensive Income (Loss):
 
(Losses) gains recognized in other comprehensive income ("OCI") (3)
 
(Losses) gains reclassified from
AOCI (3)
 
Years Ended December 31,
 
Years Ended December 31,
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
Cash flow hedges
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
$
(2.6
)
 
$
(0.5
)
 
$
4.4

 
$
(0.6
)
 
$
1.5

 
$
3.8


 
(Losses) gains recognized in income (3)
 
Years Ended December 31,
 
2017
 
2016
 
2015
Non-designated hedges
 
 
 
 
 
Foreign exchange contracts
$
(2.0
)
 
$
0.8

 
$


_____________
(3) (Losses) gains were included in net sales and cost of goods sold.