XML 14 R39.htm IDEA: XBRL DOCUMENT v3.3.0.814
Derivative Instruments (Tables)
9 Months Ended
Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments Measured at Fair Value in Statement of Financial Position
The following table presents the location on the condensed consolidated balance sheets in which the Company’s derivative and nonderivative instruments have been recognized, the fair value hierarchy level applicable to each type of derivative and nonderivative instrument, and the related notional amounts and fair values as of September 30, 2015 (in millions):
 
Balance Sheet Location
 
Fair Value Hierarchy Level
 
Notional Amount
 
Fair Value
Derivatives designated as hedges:
 
 
 
 
 
 
 
Cross-currency swap agreements
Other long-term liabilities
 
Level 2
 
$
730.9

 
$
(20.4
)
Interest rate swaps
Other current liabilities
Other long-term liabilities
 
Level 2
 
235.3

 
(8.3
)
Derivatives not designated as hedges:
 
 
 
 
 
 
 
Interest rate swaps
Other current liabilities
Other long-term liabilities
 
Level 2
 
11.2

 
(0.7
)
Total
 
 
 
 
$
977.4

 
$
(29.4
)
Schedule of Gains and Losses Recognized on the Balance Sheet for Derivative Instruments
The following table indicates the amount of gains/(losses) that have been recognized in accumulated other comprehensive income/(loss) in the condensed consolidated balance sheets and gains/(losses) recognized in earnings in the condensed consolidated statements of operations for the three- and nine-month periods ended September 30, 2015 for derivative and nonderivative instruments (in millions):
 
Recognized in Accumulated Other Comprehensive Income
 
Recognized in Earnings
 
For the Three Months Ended September 30, 2015
 
For the Nine Months Ended September 30, 2015
 
For the Three Months Ended September 30, 2015
 
For the Nine Months Ended September 30, 2015
Derivatives designated as hedges:
 
 
 
 
 
 
 
Cross-currency swap agreements
$
11.5

 
$
(20.4
)
 

 

Interest rate swaps
(0.7
)
 
(1.4
)
 

 

Derivatives not designated as hedges:
 
 
 
 
 
 
 
Interest rate swaps

 

 

 

Nonderivatives designated as hedges:
 
 
 
 
 
 
 
Foreign currency denominated notes
5.3

 
4.7

 

 

Total
$
16.1

 
$
(17.1
)
 
$

 
$