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Derivative Instruments and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2014
Derivative Instruments and Hedges, Assets [Abstract]  
Summary Of Accumulated Other Comprehensive Loss Related To Derivatives
The following table summarizes the activity in accumulated other comprehensive loss related to the derivatives held by the Company during the years ended December 31, 2014, 2013 and 2012 (in millions):
 
 
Before-Tax
Amount
 
Income
Tax (1)
 
After-Tax
Amount (1)
Accumulated derivative net losses as of December 31, 2011
 
$
(5.4
)
 
$
(1.1
)
 
$
(4.3
)
Net changes in fair value of derivatives
 
(2.0
)
 
1.1

 
(3.1
)
Net losses reclassified from accumulated other comprehensive loss into income
 
8.5

 
0.4

 
8.1

Accumulated derivative net gains as of December 31, 2012
 
1.1

 
0.4

 
0.7

Net changes in fair value of derivatives
 
(2.1
)
 
(0.7
)
 
(1.4
)
Net losses reclassified from accumulated other comprehensive loss into income
 
0.7

 
0.2

 
0.5

Accumulated derivative net losses as of December 31, 2013
 
(0.3
)
 
(0.1
)
 
(0.2
)
Net changes in fair value of derivatives
 
(1.3
)
 
0.1

 
(1.4
)
Net losses reclassified from accumulated other comprehensive loss into income
 
1.4

 
(0.1
)
 
1.5

Accumulated derivative net losses as of December 31, 2014
 
$
(0.2
)
 
$
(0.1
)
 
$
(0.1
)

____________________________________
(1) Rounding may impact summation of amounts.
Fair Value Of Derivative Instruments
The table below sets forth the fair value of derivative instruments as of December 31, 2014 (in millions):
 
Asset Derivatives as of December 31, 2014
 
 
Liability Derivatives as of December 31, 2014
 
Balance Sheet
Location
 
Fair
Value
 
 
Balance Sheet
Location
 
Fair
Value
Derivative instruments designated as hedging instruments:
 
 
 

 
 
 
 
 

Foreign currency contracts
Other current assets
 
$

 
 
Other current liabilities
 
$
0.2

Derivative instruments not designated as hedging instruments:
 
 
 
 
 
 
 
 
Foreign currency contracts
Other current assets
 
11.3

 
 
Other current liabilities
 
20.3

Total derivative instruments
 
 
$
11.3

 
 
 
 
$
20.5


The table below sets forth the fair value of derivative instruments as of December 31, 2013 (in millions):
 
Asset Derivatives as of December 31, 2013
 
 
Liability Derivatives as of December 31, 2013
 
Balance Sheet
Location
 
Fair
Value
 
 
Balance Sheet
Location
 
Fair
Value
Derivative instruments designated as hedging instruments:
 
 
 

 
 
 
 
 

Foreign currency contracts
Other current assets
 
$

 
 
Other current liabilities
 
$
0.1

Derivative instruments not designated as hedging instruments:
 
 
 
 
 
 
 
 
Foreign currency contracts
Other current assets
 
13.9

 
 
Other current liabilities
 
5.3

Total derivative instruments
 
 
$
13.9

 
 
 
 
$
5.4

Foreign currency contracts measured at fair value on a recurring basis as of December 31, 2014 and 2013 are summarized below (in millions):
 
As of December 31, 2014
 
Level 1
Level 2
Level 3
Total
Derivative assets
$

$
11.3

$

$
11.3

Derivative liabilities
$

$
20.5

$

$
20.5


 
As of December 31, 2013
 
Level 1
Level 2
Level 3
Total
Derivative assets
$

$
13.9

$

$
13.9

Derivative liabilities
$

$
5.4

$

$
5.4