Financial Instruments, Hedging Activities and Fair Value Measurements Financial Instruments, Hedging Activities and Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The table below presents the fair values of our financial instruments measured on a recurring basis by level within the fair value hierarchy at September 30, 2019 and December 31, 2018.



	September 30, 2019								December 31, 2018
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Prepaid expenses and other current assets:
Interest rate caps ⁽¹⁾	$	—	$	—	$	—	$	—	$	—	$	4.5	$	—	$	4.5
Cross-currency swaps ⁽²⁾	—		14.6		—		14.6		—		14.1		—		14.1
Other assets:
Interest rate caps ⁽¹⁾	—		—		—		—		—		1.4		—		1.4
Cross-currency swaps ⁽²⁾	—		18.8		—		18.8		—		—		—		—
Investments in equity securities	0.6		—		—		0.6		0.7		—		—		0.7
Liabilities:
Other accrued liabilities:
Interest rate caps ⁽¹⁾	—		1.0		—		1.0		—		—		—		—
Interest rate swaps ⁽¹⁾	—		7.6		—		7.6		—		—		—		—
Other liabilities:
Interest rate caps ⁽¹⁾	—		1.6		—		1.6		—		—		—		—
Interest rate swaps ⁽¹⁾	—		27.3		—		27.3		—		2.9		—		2.9
Cross-currency swaps ⁽²⁾	—		—		—		—		—		8.8		—		8.8
Long-term borrowings:
2024 Dollar Senior Notes	—		520.3		—		520.3		—		474.9		—		474.9
2024 Euro Senior Notes	—		378.1		—		378.1		—		381.1		—		381.1
2025 Euro Senior Notes	—		509.1		—		509.1		—		497.5		—		497.5
2024 Dollar Term Loans	—		2,396.5		—		2,396.5		—		2,276.1		—		2,276.1

(1) Cash flow hedge

(2) Net investment hedge

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table presents the gains (losses) included in AOCI for derivative instruments that qualify and have been designated as cash flow and net investment hedges:



	September 30, 2019			December 31, 2018
AOCI:
Interest rate caps (cash flow hedges)	$	4.3		$	(3.4	)
Interest rate swaps (cash flow hedges)	34.9			3.0
Cross-currency swaps (net investment hedges)	(33.3		)	(27.7		)
Total AOCI	$	5.9		$	(28.1	)

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following tables set forth the locations and amounts recognized during the three and nine months ended September 30, 2019 and 2018 for these cash flow and net investment hedges.



		For the Three Months Ended September 30,
		2019						2018
Derivatives in Cash Flow and Net Investment Hedges	Location of (Gain) Loss Recognized in Income on Derivatives	Net Amount of (Gain) Loss Recognized in OCI on Derivatives			Amount of (Gain) Loss Recognized in Income			Net Amount of (Gain) Loss Recognized in OCI on Derivatives			Amount of (Gain) Loss Recognized in Income
Interest rate caps	Interest expense, net	$	0.3		$	0.1		$	(1.1	)	$	(0.7	)
Interest rate swaps	Interest expense, net	4.8			0.4			(2.5		)	0.5
Cross-currency swaps	Interest expense, net	(24.2		)	(3.8		)	5.5			(3.2		)



		For the Nine Months Ended September 30,
		2019						2018
Derivatives in Cash Flow and Net Investment Hedges	Location of (Gain) Loss Recognized in Income on Derivatives	Net Amount of (Gain) Loss Recognized in OCI on Derivatives			Amount of (Gain) Loss Recognized in Income			Net Amount of (Gain) Loss Recognized in OCI on Derivatives			Amount of (Gain) Loss Recognized in Income
Interest rate caps	Interest expense, net	$	6.2		$	(1.5	)	$	(11.5	)	$	(1.4	)
Interest rate swaps	Interest expense, net	32.4			0.5			(5.0		)	0.9
Cross-currency swaps	Interest expense, net	(39.1		)	(11.0		)	(18.4		)	(5.9		)

Derivatives Not Designated as Hedging Instruments [Table Text Block]

Fair value gains and losses of derivative contracts, as determined using Level 2 inputs, that have not been designated for hedge accounting treatment are recorded in earnings as follows:



Derivatives Not Designated as Hedging Instruments under ASC 815	Location of (Gain) Loss Recognized in Income on Derivatives	Three Months Ended September 30,					Nine Months Ended September 30,
	Location of (Gain) Loss Recognized in Income on Derivatives	2019		2018			2019		2018
Foreign currency forward contracts	Other (income) expense, net	$	2.3	$	(3.0	)	$	4.1	$	(7.6	)