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Derivative Instruments (Tables) | 12 Months Ended
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Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Foreign currency forward contracts that were entered into to hedge forecasted revenue | The notional value of foreign currency forward contracts that were entered into to hedge forecasted revenues and operating expenses is summarized as follows:
| Notional Amount As of December 31,
Foreign Currency: (In millions) | 2017 |  | 2016
Euro | $ | 1,875.6 |  |  | $ | 871.7 |
British pound sterling | 150.9 |  |  | — |
Swiss francs | 88.7 |  |  | — |
Canadian dollar | 83.5 |  |  | — |
Total foreign currency forward contracts | $ | 2,198.7 |  |  | $ | 871.7 |
Summary of the effect of derivatives designated as hedging instruments on our consolidated statements of income | The following table summarizes the effect of foreign currency forward contracts designated as hedging instruments in our consolidated statements of income:
For the Years Ended December 31,
Net Gains/(Losses) Reclassified from AOCI into Operating Income (Effective Portion) (in millions) |  | Net Gains/(Losses) Recognized into Net Income (Ineffective Portion) (in millions)
Location |  | 2017 |  | 2016 |  | 2015 |  | Location |  | 2017 |  | 2016 |  | 2015
Revenues |  | $ | (32.5 | ) |  | $ | 5.3 |  |  | $ | 173.2 |  |  | Other income (expense) |  | $ | 8.9 |  |  | $ | 2.9 |  |  | $ | 4.9 |
Operating expenses |  | $ | 0.6 |  |  | $ | (1.5 | ) |  | $ | — |  |  | Other income (expense) |  | $ | (0.2 | ) |  | $ | 0.1 |  |  | $ | — |
Summary of the fair value for our outstanding derivatives | The following table summarizes the fair value and presentation in our consolidated balance sheets of our outstanding derivatives including those designated as hedging instruments:
(In millions) | Balance Sheet Location | Fair Value As of December 31, 2017
Hedging Instruments: |  |
Asset derivatives | Other current assets | $ | 0.7 |
| Investments and other assets | $ | 0.2 |
Liability derivatives | Accrued expenses and other | $ | 84.7 |
| Other long-term liabilities | 23.6 |
Other Derivatives: |  |
Asset derivatives | Other current assets | $ | 1.8 |
Liability derivatives | Accrued expenses and other | $ | 3.0 |
(In millions) | Balance Sheet Location | Fair Value As of December 31, 2016
Hedging Instruments: |  |
Asset derivatives | Other current assets | $ | 50.4 |
| Investments and other assets | $ | 6.6 |
Liability derivatives | Other long-term liabilities | $ | 4.6 |
Other Derivatives: |  |
Asset derivatives | Other current assets | $ | 4.0 |
Liability derivatives | Accrued expenses and other | $ | 9.0 |

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5618551-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579245-113959 + Details
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