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Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Fair Value of Derivative Instruments

The table below sets forth the fair value of derivative instruments as of September 30, 2019 (in millions):

	Asset Derivatives as of September 30, 2019						Liability Derivatives as of September 30, 2019
	Balance Sheet Location		Fair Value				Balance Sheet Location		Fair Value
Derivative instruments designated as hedging instruments:
Foreign currency contracts	Other current assets		$	0.9			Other current liabilities		$	0.3
Cross currency swap contract	Other noncurrent assets		34.5				Other noncurrent liabilities		—
Derivative instruments not designated as hedging instruments:
Foreign currency contracts	Other current assets		15.5				Other current liabilities		4.9
Total derivative instruments			$	50.9					$	5.2

The table below sets forth the fair value of derivative instruments as of December 31, 2018 (in millions):

	Asset Derivatives as of December 31, 2018						Liability Derivatives as of December 31, 2018
	Balance Sheet Location		Fair Value				Balance Sheet Location		Fair Value
Derivative instruments designated as hedging instruments:
Foreign currency contracts	Other current assets		$	1.9			Other current liabilities		$	0.4
Cross currency swap contract	Other noncurrent assets		17.7				Other noncurrent liabilities		—
Derivative instruments not designated as hedging instruments:
Foreign currency contracts	Other current assets		5.1				Other current liabilities		6.2
Total derivative instruments			$	24.7					$	6.6

Assets and liabilities measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018 are summarized below (in millions):

	As of September 30, 2019
	Level 1				Level 2				Level 3				Total
Derivative assets	$	—			$	50.9			$	—			$	50.9
Derivative liabilities	—				5.2				—				5.2

	As of December 31, 2018
	Level 1				Level 2				Level 3				Total
Derivative assets	$	—			$	24.7			$	—			$	24.7
Derivative liabilities	—				6.6				—				6.6

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- References

No definition available.

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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

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