Financial Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Values of Derivative Instruments Included on Consolidated Balance Sheet

The following table presents the fair values of derivative instruments included on the Condensed Consolidated Balance Sheet:



	Derivative Assets					Derivative Liabilities
In millions	Balance Sheet Classification	March 31, 2019		December 31, 2018		Balance Sheet Classification	March 31, 2019			December 31, 2018
Derivatives designated as hedging instruments
Foreign currency	Prepaid expenses and other current assets	$	29.0	$	30.9	Accrued payroll and other liabilities	$	(0.4	)	$	(0.7	)
Interest rate	Prepaid expenses and other current assets					Accrued payroll and other liabilities	—			(0.1		)
Foreign currency	Miscellaneous other assets	8.0		3.8		Other long-term liabilities	—			(1.3		)
Interest rate	Miscellaneous other assets					Other long-term liabilities	(4.7		)	(11.8		)
Total derivatives designated as hedging instruments		$	37.0	$	34.7		$	(5.1	)	$	(13.9	)
Derivatives not designated as hedging instruments
Equity	Prepaid expenses and other current assets	$	179.6	$	167.1	Accrued payroll and other liabilities	$	(0.2	)	$	(2.7	)
Foreign currency	Prepaid expenses and other current assets	4.0		4.5		Accrued payroll and other liabilities	(5.0		)	—
Total derivatives not designated as hedging instruments		$	183.6	$	171.6		$	(5.2	)	$	(2.7	)
Total derivatives		$	220.6	$	206.3		$	(10.3	)	$	(16.6	)

Derivatives Pretax Amounts Affecting Income and Other Comprehensive Income

The following table presents the pre-tax amounts from derivative instruments affecting income and AOCI for the quarters ended March 31, 2019 and 2018, respectively:



	Location of Gain or Loss Recognized in Income on Derivative	Gain (Loss) Recognized in AOCI					Gain (Loss) Reclassified into Income from AOCI						Gain (Loss) Recognized in Income on Derivative


In millions		2019		2018			2019			2018			2019			2018
Foreign currency	Nonoperating income/expense	$	10.7	$	(9.8	)	$	12.0		$	(15.3	)
Interest rate	Interest expense						(0.3		)	(0.2		)
Cash flow hedges		$	10.7	$	(9.8	)	$	11.7		$	(15.5	)

Foreign currency denominated debt	Nonoperating income/expense	$	245.2	$	(404.5	)
Foreign currency derivatives	Nonoperating income/expense	9.0		—
Foreign currency derivatives⁽¹⁾	Interest expense												$	2.5		$	—
Net investment hedges		$	254.2	$	(404.5	)							$	2.5		$	—

Foreign currency	Nonoperating income/expense												$	(5.6	)	$	3.2
Equity	Selling, general & administrative expenses												35.3			(16.3		)
Undesignated derivatives													$	29.7		$	(13.1	)
⁽¹⁾The amount of gain (loss) recognized in income related to components excluded from effectiveness testing.