XML 49 R33.htm IDEA: XBRL DOCUMENT v3.19.1
Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Company's Derivative Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table summarizes the Company’s and its Affiliates’ derivative financial instruments measured at fair value on a recurring basis:

 
 
December 31, 2018
 
March 31, 2019
 
 
Assets
 
Liabilities
 
Assets
 
Liabilities
Forward contracts
 
$
32.0

 
$
(1.4
)
 
$
17.2

 
$
(0.0
)
Put options
 

 
(60.3
)
 

 
 
(42.4
)
Call options
 
34.1

 

 
26.6

 
 

Total
 
$
66.1

 
$
(61.7
)
 
$
43.8

 
$
(42.4
)


Schedule of Effect of Derivative Financial Instruments on the Consolidated Statements of Comprehensive Income and Statements of Income
The following table summarizes the effect of the derivative financial instruments on the Consolidated Statements of Comprehensive Income and the Consolidated Statements of Income. For the three months ended March 31, 2018, the Company and its Affiliates did not have any significant derivative financial instruments.
 
 
For the Three Months Ended March 31, 2019
 
 
Gain (Loss) Recognized in Other Comprehensive Income
 
Gain Recognized in Earnings from Excluded Components(1)
Forward contracts
 
$
(16.8
)
 
$
3.5

Put options
 
17.9

 

Call options
 
(7.5
)
 

Total
 
$
(6.4
)
 
$
3.5

                                    
(1)  
The excluded components of the forward contracts are recognized in earnings on a straight-line basis over the respective period of the contracts as a reduction to Interest expense on the Consolidated Statements of Income.