Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments and Hedging Activities (Tables)

v3.8.0.1
Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2017
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Gains (Losses) Relating to Derivative Instruments Recorded in Other Comprehensive Income (loss)

The following table summarizes gains (losses) relating to derivative instruments recorded in other comprehensive income (loss) during the three and nine months ended September 30, 2017 and 2016:

 

 

 

Amount of Gain (Loss) Recognized

in Other Comprehensive Income (Loss)

 

 

 

For the Three Months Ended

 

 

For the Nine Months Ended

 

 

 

September 30, 2017

 

 

September 30, 2016

 

 

September 30, 2017

 

 

September 30, 2016

 

 

 

(In millions)

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange currency contracts relating to inventory

   and intercompany management fee hedges

 

$

(0.3

)

 

$

0.8

 

 

$

(10.8

)

 

$

3.1

 

 
Gains (Losses) Relating to Derivative Instruments Recorded to Income

The following table summarizes gains (losses) relating to derivative instruments recorded to income during the three and nine months ended September 30, 2017 and 2016:

 

 

 

Location of Gain

 

Amount of Gain (Loss)

Recognized in Income

 

 

 

(Loss)

 

For the Three Months Ended

 

 

For the Nine Months Ended

 

 

 

Recognized in Income

 

September 30, 2017

 

 

September 30, 2016

 

 

September 30, 2017

 

 

September 30, 2016

 

 

 

 

 

(In millions)

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange currency contracts relating to

   inventory hedges and intercompany

   management fee hedges(1)

 

Selling, general and

administrative

expenses

 

$

(2.6

)

 

$

—

 

 

$

(1.4

)

 

$

0.1

 

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange currency contracts

 

Selling, general and

administrative

expenses

 

$

(0.5

)

 

$

0.6

 

 

$

(7.0

)

 

$

(2.6

)

 

(1)

For foreign exchange contracts designated as hedging instruments, the amounts recognized in income primarily represent the amounts excluded from the assessment of hedge effectiveness. There were no material ineffective amounts reported for derivatives designated as hedging instruments.
Gains (Losses) Relating to Derivative Instruments Reclassified from Accumulated Other Comprehensive Loss into Income Effective Portion

The following table summarizes gains (losses) relating to derivative instruments reclassified from accumulated other comprehensive loss into income during the three and nine months ended September 30, 2017 and 2016:

 

 

 

Location of Gain

(Loss)

Reclassified

from Accumulated

Other Comprehensive

 

Amount of Gain (Loss) Reclassified

from Accumulated

Other Comprehensive

Loss into Income

 

 

 

Loss into Income

 

For the Three Months Ended

 

 

For the Nine Months Ended

 

 

 

(Effective Portion)

 

September 30, 2017

 

 

September 30, 2016

 

 

September 30, 2017

 

 

September 30, 2016

 

 

 

 

 

(In millions)

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange currency contracts relating to

   inventory hedges

 

Cost of sales

 

$

(1.3

)

 

$

3.2

 

 

$

0.3

 

 

$

12.9

 

Foreign exchange currency contracts relating to

   intercompany management fee hedges

 

Selling, general and

administrative expenses

 

$

(1.5

)

 

$

(0.2

)

 

$

(0.6

)

 

$

(0.8

)