Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE INSTRUMENTS (Tables)

v3.5.0.2
DERIVATIVE INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule Of Derivative Instruments In Statement Of Financial Position, Fair Value
The following table presents the fair value of our derivative instruments and the classification of each in the Statements of Unaudited Condensed Consolidated Financial Position as of September 30, 2016 and December 31, 2015:
 
(In Millions)
 
Derivative Assets
 
Derivative Liabilities
 
September 30, 2016
 
December 31, 2015
 
September 30, 2016
 
December 31, 2015
Derivative Instrument
Balance Sheet Location
 
Fair
Value
 
Balance
Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
Customer supply agreement
Other current assets
 
28.0

 
Other current assets
 
5.8

 
 
 
—

 
 
 
—

Provisional pricing arrangements
Other current assets
 
0.4

 
Other current assets
 
2.0

 
Other current liabilities
 
2.7

 
Other current liabilities
 
3.4

Commodity contracts
 
 
—

 
 
 
—

 
 
 
—

 
Other current liabilities
 
0.6

Total derivatives not designated as hedging instruments under ASC 815
 
 
$
28.4

 
 
 
$
7.8

 
 
 
$
2.7

 
 
 
$
4.0

Schedule Of Derivatives Not Designated As Hedging Instruments Statements Of Financial Performance Location Table
The following summarizes the effect of our derivatives that are not designated as hedging instruments in the Statements of Unaudited Condensed Consolidated Operations for the three and nine months ended September 30, 2016 and 2015:
(In Millions)
Derivatives Not Designated as Hedging Instruments
Location of Gain (Loss) Recognized in
Income on Derivative
Amount of Gain (Loss) Recognized in Income on Derivative
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
2016
 
2015
 
2016
 
2015
Customer supply agreement
Product revenues
7.1

 
11.6

 
26.8

 
22.1

Provisional pricing arrangements
Product revenues
4.5

 
7.6

 
22.9

 
(0.2
)
Foreign exchange contracts
Other non-operating income (expense)
—

 
(1.1
)
 
—

 
(3.6
)
Commodity contracts
Cost of goods sold and operating expenses
—

 
—

 
—

 
(3.4
)
Foreign exchange contracts
Product revenues
—

 
(2.1
)
 
—

 
(11.8
)
 
 
$
11.6

 
$
16.0

 
$
49.7

 
$
3.1