XML 116 R100.htm IDEA: XBRL DOCUMENT v3.6.0.2
Derivatives and Hedging Activities - Fair Value of Derivative Instruments (Parenthetical) (Detail)
€ in Millions, $ in Millions
Dec. 31, 2016
USD ($)
Dec. 31, 2016
EUR (€)
Dec. 31, 2015
USD ($)
Offsetting Liabilities [Line Items]      
Long-term debt, less current portion [1] $ 3,938.3   $ 4,266.8 [2]
Gross position, Other Assets 40.2   72.2
Total Derivative Liabilities (16.9)   (56.8)
Other Current Assets [Member]      
Offsetting Liabilities [Line Items]      
Gross position, Other Assets 22.6   36.2
Impact of master netting agreements (0.2)   (24.1)
Net amounts recognized on the Consolidated Balance Sheet 22.4   12.1
Other Non-current Assets [Member]      
Offsetting Liabilities [Line Items]      
Gross position, Other Assets 17.6   36.0
Net amounts recognized on the Consolidated Balance Sheet 17.6   36.0
Other Current Liabilities [Member]      
Offsetting Liabilities [Line Items]      
Total Derivative Liabilities (11.6)   (44.8)
Impact of master netting agreements 0.2   24.1
Net amounts recognized on the Consolidated Balance Sheet (11.4)   (20.7)
Other Non-current Liabilities [Member]      
Offsetting Liabilities [Line Items]      
Total Derivative Liabilities (5.3)   (12.0)
Net amounts recognized on the Consolidated Balance Sheet (5.3)   (12.0)
Foreign Currency Forward Contracts [Member]      
Offsetting Liabilities [Line Items]      
Gross position, Other Assets 16.3   28.2
Total Derivative Liabilities (11.6)   (44.8)
Foreign Currency Forward Contracts [Member] | Designated as Hedging Instruments [Member]      
Offsetting Liabilities [Line Items]      
Long-term debt, less current portion $ 416.7 € 400.0 $ 432.9
[1] As of January 1, 2016, we have adopted ASU 2015-03 and ASU 2015-15 with retrospective application. This resulted in a reclassification from other non-current assets to long-term debt, less current portion for debt issuance costs as of December 31, 2015. Refer to Note 2, “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” of the Notes to the Consolidated Financial Statements for further details.
[2] Property and equipment, net, and other non-current liabilities as of December 31, 2015, have been revised to properly reflect asset retirement obligations. This resulted in an increase to property and equipment, net and other non-current liabilities of $15.0 million. Certain amounts related to external payment terms were misclassified in the Consolidated Balance Sheet. The revision of this item resulted in a decrease in accounts payable and an increase in short-term borrowings of $6.3 million as of December 31, 2015. Additionally, due to changes in the accounting treatment of a factoring agreement the Company reclassified $6.7 million from cash and cash equivalents to other receivables. See Note 2 “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” of the Notes to Consolidated Financial Statements under the heading “Reclassifications and Revisions” for further discussion of the revisions.