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Derivative Instruments (Tables) | 6 Months Ended
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Jun. 30, 2018
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
Foreign Currency: (In millions) | As of June 30, 2018 |  | As of December 31, 2017
Euro | $ | 1,553.3 |  |  | $ | 1,875.6 |
British pound | 72.5 |  |  | 150.9 |
Canadian dollar | 45.8 |  |  | 83.5 |
Swiss franc | 36.8 |  |  | 88.7 |
Total foreign currency forward contracts | $ | 1,708.4 |  |  | $ | 2,198.7 |
Summary of the effect of derivatives designated as hedging instruments on the condensed consolidated statements of income | The following tables summarize the effect of foreign currency forward contracts designated as hedging instruments in our condensed consolidated statements of income:
For the Three Months Ended June 30, 2018 |  | For the Six Months Ended June 30, 2018
Net Gains/(Losses) Reclassified from AOCI into Operating Income (in millions) | Net Gains/(Losses) Recognized in Operating Income (in millions) |  | Net Gains/(Losses) Reclassified from AOCI into Operating Income (in millions) | Net Gains/(Losses) Recognized in Operating Income (in millions)
Location |  | 2018 |  | Location |  | 2018 |  | Location |  | 2018 |  | Location |  | 2018
Revenues |  | $ | (10.4 | ) |  | Revenues |  | $ | 7.9 |  |  | Revenues |  | $ | (43.3 | ) |  | Revenues |  | $ | 7.0 |
Operating expenses |  | $ | (0.4 | ) |  | Operating expenses |  | $ | (0.1 | ) |  | Operating expenses |  | $ | 0.9 |  |  | Operating expenses |  | $ | (0.4 | )
For the Three Months Ended June 30, 2017 |  | For the Six Months Ended June 30, 2017
Net Gains/(Losses) Reclassified from AOCI into Operating Income (in millions) | Net Gains/(Losses) Recognized Directly into Net Income (in millions) |  | Net Gains/(Losses) Reclassified from AOCI into Operating Income (in millions) | Net Gains/(Losses) Recognized Directly into Net Income (in millions)
Location |  | 2017 |  | Location |  | 2017 |  | Location |  | 2017 |  | Location |  | 2017
Revenues |  | $ | (3.0 | ) |  | Other income (expense) |  | $ | 2.0 |  |  | Revenue |  | $ | 3.7 |  |  | Other income (expense) |  | $ | 6.0 |
Operating expenses |  | $ | 0.3 |  |  | Other income (expense) |  | $ | (0.1 | ) |  | Operating expenses |  | $ | 0.2 |  |  | Other income (expense) |  | $ | (0.3 | )
Summary of fair value and presentation of derivatives | The following table summarizes the fair value and presentation in our condensed consolidated balance sheets of our outstanding derivative instruments, including those designated as hedging instruments:
|  | Fair Value
(In millions) | Balance Sheet Location | As of June 30, 2018
Hedging Instruments: |  |
Asset derivatives | Other current assets | $ | 27.2 |
| Investments and other assets | $ | 8.8 |
Liability derivatives | Accrued expenses and other | $ | 22.2 |
| Other long-term liabilities | $ | 19.6 |
Other Derivatives: |  |
Asset derivatives | Other current assets | $ | 4.0 |
Liability derivatives | Accrued expenses and other | $ | 1.7 |
|  | Fair Value
(In millions) | Balance Sheet Location | 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 |

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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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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 + Details
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