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Derivatives and Hedging Activity (Tables) | 9 Months Ended
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Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Notional and Fair Values of Derivative Instruments | The notional and fair values of derivatives designated as hedging instruments are as follows at September 30, 2019 and December 31, 2018 (in millions):
|  |  |  |  | Derivative Assets |  | Derivative Liabilities |
Instrument |  | Notional Amount |  |  | Balance Sheet Classification |  | Fair Value |  |  | Balance Sheet Classification |  | Fair Value |
At September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | $ | 900.0 |  |  | Other current assets |  | $ | — |  |  | Accrued compensation and other current liabilities |  | $ | 43.7 |
|  |  |  |  |  |  |  |  |  |  |  | Other noncurrent liabilities |  |  | 33.1 |
Foreign exchange contracts (1) |  |  | 29.7 |  |  | Other current assets |  |  | 1.6 |  |  | Accrued compensation and other current liabilities |  |  | 7.0 |
|  |  |  |  |  | Other noncurrent assets |  |  | 5.8 |  |  | Other noncurrent liabilities |  |  | 9.5 |
Total |  | $ | 929.7 |  |  |  |  | $ | 7.4 |  |  |  |  | $ | 93.3 |
At December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | $ | 850.0 |  |  | Other current assets |  | $ | 3.0 |  |  | Accrued compensation and other current liabilities |  | $ | 13.0 |
Foreign exchange contracts (1) |  |  | 51.4 |  |  | Other current assets |  |  | 0.9 |  |  | Accrued compensation and other current liabilities |  |  | 4.9 |
|  |  |  |  |  | Other noncurrent assets |  |  | 5.7 |  |  | Other noncurrent liabilities |  |  | 7.9 |
Total |  | $ | 901.4 |  |  |  |  | $ | 9.6 |  |  |  |  | $ | 25.8 |
(1) | Included within foreign exchange contracts at September 30, 2019 were $304.9 million of call options offset with $304.9 million of put options, and $22.2 million of buy forwards offset with $51.9 million of sell forwards. Included within foreign exchange contracts at December 31, 2018 were $276.4 million of call options offset with $276.4 million of put options, and $23.1 million of buy forwards offset with $72.9 million of sell forwards.
Summary of Amounts of Derivative Gains (Losses) Recognized In Accumulated Other Comprehensive Loss | The effect of cash flow hedge accounting on accumulated other comprehensive loss for the three-month and nine-month periods ended September 30, 2019 and 2018 were as follows (in millions):
Instrument |  | Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Loss (1) |  |  | Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Loss into Earnings |  |  | Amount of Gain (Loss) Recognized in Earnings Related to Amount Excluded from Effectiveness Testing |  |  | Statement of Earnings Classification |
Three-month period ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | $ | (28.0 | ) |  | $ | (0.3 | ) |  | $ | — |  |  |  | Interest expense |
Foreign exchange contracts |  |  | (6.0 | ) |  |  | (0.2 | ) |  |  | (0.2 | ) |  |  | Commission revenue |
|  |  |  |  |  |  | (0.4 | ) |  |  | 0.3 |  |  |  | Compensation expense |
|  |  |  |  |  |  | (0.2 | ) |  |  | 0.2 |  |  |  | Operating expense |
Total |  | $ | (34.0 | ) |  | $ | (1.1 | ) |  | $ | 0.3 |  |  |  |  |
Three-month period ended September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | $ | 7.6 |  |  | $ | 0.3 |  |  |  |  |  |  |  | Interest expense |
Foreign exchange contracts |  |  | (3.2 | ) |  |  | 0.4 |  |  |  |  |  |  |  | Commission revenue |
|  |  |  |  |  |  | 0.2 |  |  |  |  |  |  |  | Compensation expense |
|  |  |  |  |  |  | 0.2 |  |  |  |  |  |  |  | Operating expense |
Total |  | $ | 4.4 |  |  | $ | 1.1 |  |  |  |  |  |  |  |  |
Nine-month period ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | $ | (74.7 | ) |  | $ | (0.9 | ) |  | $ | — |  |  |  | Interest expense |
Foreign exchange contracts |  |  | (5.9 | ) |  |  | (0.4 | ) |  |  | (0.6 | ) |  |  | Commission revenue |
|  |  |  |  |  |  | (1.0 | ) |  |  | 1.0 |  |  |  | Compensation expense |
|  |  |  |  |  |  | (0.7 | ) |  |  | 0.7 |  |  |  | Operating expense |
Total |  | $ | (80.6 | ) |  | $ | (3.0 | ) |  | $ | 1.1 |  |  |  |  |
Nine-month period ended September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | $ | 13.5 |  |  | $ | 0.8 |  |  |  |  |  |  |  | Interest expense |
Foreign exchange contracts |  |  | (9.3 | ) |  |  | 1.5 |  |  |  |  |  |  |  | Commission revenue |
|  |  |  |  |  |  | 1.1 |  |  |  |  |  |  |  | Compensation expense |
|  |  |  |  |  |  | 0.8 |  |  |  |  |  |  |  | Operating expense |
Total |  | $ | 4.2 |  |  | $ | 4.2 |  |  |  |  |  |  |  |  |
(1) | For the three-month and nine-month periods ended September 30, 2019, the amounts excluded from the assessment of hedge effectiveness for our foreign exchange contracts recognized in accumulated other comprehensive loss were losses of zero and $0.3 million, respectively.

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
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