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Derivatives and Hedging Activities (Tables) | 9 Months Ended
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Sep. 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.
|  | Cash Flow |  |  | Net Investment Hedge |  |  | Non-Designated |  |  | Total |
|  | September 30, |  |  | December 31, |  |  | September 30, |  |  | December 31, |  |  | September 30, |  |  | December 31, |  |  | September 30, |  |  | December 31, |
(In millions) |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Derivative Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward Contracts |  | $ | 6.1 |  |  | $ | 4.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 27.6 |  |  | $ | 41.3 |  |  | $ | 33.7 |  |  | $ | 45.6 |
Interest rate and currency Swaps |  |  | 40.9 |  |  |  | 17.8 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 40.9 |  |  |  | 17.8 |
Foreign currency option contracts |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.1 |  |  |  | — |  |  |  | 0.1 |  |  |  | — |
Total Derivative Assets (2) |  | $ | 47.0 |  |  | $ | 22.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 27.7 |  |  | $ | 41.3 |  |  | $ | 74.7 |  |  | $ | 63.4 |
Derivative Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | (0.4 | ) |  | $ | (0.4 | ) |  | $ | — |  |  | $ | — |  |  | $ | (35.8 | ) |  | $ | (67.6 | ) |  | $ | (36.2 | ) |  | $ | (68.0 | )
Cross-currency swaps |  |  | — |  |  |  | — |  |  |  | (22.2 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (22.2 | ) |  |  | — |
Total Derivative Liabilities(2) |  | $ | (0.4 | ) |  | $ | (0.4 | ) |  | $ | (22.2 | ) |  | $ | — |  |  | $ | (35.8 | ) |  | $ | (67.6 | ) |  | $ | (58.4 | ) |  | $ | (68.0 | )
Net Derivatives (1) |  | $ | 46.6 |  |  | $ | 21.7 |  |  | $ | (22.2 | ) |  | $ | — |  |  | $ | (8.1 | ) |  | $ | (26.3 | ) |  | $ | 16.3 |  |  | $ | (4.6 | )
(1) | Excludes $449.9 million of euro-denominated debt designated as a net investment hedge at September 30, 2015.
(2) | The following table reconciles gross positions without the impact of master netting agreements to the balance sheet classification:
|  | Other Current Assets |  |  | Other Current Liabilities |  |  | Other Non-current Assets |  |  | Other Non-current Liabilities |
|  | September 30, |  |  | December 31, |  |  | September 30, |  |  | December 31, |  |  | September 30, |  |  | December 31, |  |  | September 30, |  |  | December 31, |
(In millions) |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Gross position |  | $ | 42.4 |  |  | $ | 34.4 |  |  | $ | (36.2 | ) |  | $ | (48.8 | ) |  | $ | 32.3 |  |  | $ | 27.1 |  |  | $ | (22.2 | ) |  | $ | (17.1 | )
Impact of master netting agreements |  |  | (23.8 | ) |  |  | (25.2 | ) |  |  | 23.8 |  |  |  | 25.2 |  |  |  | — |  |  |  | (9.3 | ) |  |  | — |  |  |  | 9.3 |
Net amounts recognized on the Condensed Consolidated Balance Sheet |  | $ | 18.6 |  |  | $ | 9.2 |  |  | $ | (12.4 | ) |  | $ | (23.6 | ) |  | $ | 32.3 |  |  | $ | 17.8 |  |  | $ | (22.2 | ) |  | $ | (7.8 | )
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 |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
(In millions) |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash Flow Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts(1) |  | $ | 2.9 |  |  | $ | (1.7 | ) |  | $ | 6.6 |  |  | $ | (0.5 | )
Interest rate and currency swaps(2) |  |  | 23.9 |  |  |  | (0.8 | ) |  |  | 32.5 |  |  |  | (0.8 | )
Treasury locks(3) |  |  | — |  |  |  | — |  |  |  | 0.1 |  |  |  | 0.1 |
Sub-total cash flow hedges |  |  | 26.8 |  |  |  | (2.5 | ) |  |  | 39.2 |  |  |  | (1.2 | )
Fair Value Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  |  | 0.1 |  |  |  | 0.5 |  |  |  | 0.3 |  |  |  | 1.5 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  |  | (3.3 | ) |  |  | (7.0 | ) |  |  | 39.1 |  |  |  | (11.9 | )
Total |  | $ | 23.6 |  |  | $ | (9.0 | ) |  | $ | 78.6 |  |  | $ | (11.6 | )
(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 nine months ended September 30, 2015, included a $37 million gain which offset a loss on the remeasurement of the hedged debt, which is included in other income, net and interest expense of $5 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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