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Derivatives and Hedging Activities (Tables) | 6 Months Ended
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Jun. 30, 2015
Derivative Instruments And Hedging Activities Disclosure [Abstract] |
Fair Value of Derivative Instruments | The following table details the fair value of our derivative instruments included on our condensed consolidated balance sheets.
|  | Fair Value of Asset |  |  | Fair Value of (Liability) |
|  | Derivatives |  |  | Derivatives |
|  | June 30, |  |  | December 31, |  |  | June 30, |  |  | December 31, |
(In millions) |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Derivatives and hedging instruments designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts (cash flow hedges) |  | $ | 4.0 |  |  | $ | 4.3 |  |  | $ | (1.6 | ) |  | $ | (0.4 | )
Interest rate and currency swaps (cash flow hedges) |  |  | 29.7 |  |  |  | 17.8 |  |  |  | — |  |  |  | — |
Cross-currency swaps (net investment hedges) |  |  | — |  |  |  | — |  |  |  | (28.4 | ) |  |  | — |
Derivatives and hedging instruments not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  |  | 45.0 |  |  |  | 41.3 |  |  |  | (60.0 | ) |  |  | (67.6 | )
Foreign currency option contracts |  |  | 0.6 |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 79.3 |  |  | $ | 63.4 |  |  | $ | (90.0 | ) |  | $ | (68.0 | )
Effect of Derivative Instruments on Condensed Consolidated Statements of Operations | The following table details the effect of our derivative instruments on our condensed consolidated statements of operations.
| Amount of Gain (Loss) Recognized in |
| Earnings on Derivatives |
| Three Months Ended |  |  | Six Months Ended |
| June 30, |  |  | June 30, |
(In millions) | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts (cash flow hedges)(1) | $ | 2.9 |  |  | $ | (1.1 | ) |  | $ | 3.7 |  |  | $ | 1.2 |
Interest rate and currency swaps (cash flow hedges)(2) |  | (6.5 | ) |  |  | — |  |  |  | 8.6 |  |  |  | — |
Treasury locks (cash flow hedges)(3) |  | 0.1 |  |  |  | — |  |  |  | 0.1 |  |  |  | 0.1 |
Sub-total cash flow hedges |  | (3.5 | ) |  |  | (1.1 | ) |  |  | 12.4 |  |  |  | 1.3 |
Interest rate swaps (fair value hedges) |  | 0.1 |  |  |  | 0.5 |  |  |  | 0.2 |  |  |  | 1.0 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | (3.4 | ) |  |  | (3.3 | ) |  |  | 42.4 |  |  |  | 4.0 |
Total | $ | (6.8 | ) |  | $ | (3.9 | ) |  | $ | 55.0 |  |  | $ | 6.3 |
(1) | Amounts recognized on the foreign currency forward contracts were included in other income, net.
(2) | Amounts recognized on the interest rate and currency swaps for the six months ended June 30, 2015, included a $12 million gain which offset a loss on the remeasurement of the hedged debt, which is included in other income, net and interest expense of $3 million related to the hedge of the interest payments.
(3) | Amounts recognized on the treasury locks were included in interest expense.

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5618551-113959 + Details
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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624163-113959 + Details
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