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Derivative Financial Instruments and Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract] |
Effect of Net Investment Hedges and Cross-Currency Swaps on AOCI | The effect of our net investment hedges and cross-currency swaps on AOCI for the three and six months ended June 30, 2019, and 2018 was as follows:
|  | Gain (Loss) Recognized in |  |  | Location of Gain Reclassified |  | Gain Reclassified |
Instrument |  | Other Comprehensive Income |  |  | from AOCI into Income |  | from AOCI into Income |
|  | 3 Months Ended June 30, |  |  |  |  | 3 Months Ended June 30, |
|  | 2019 |  |  | 2018(1) |  |  |  |  | 2019 |  |  | 2018(1) |
Euro Notes |  | $ | (13.9 | ) |  | $ | 47.1 |  |  | Interest and other (income) expenses, net |  | $ | - |  |  | $ | - |
Cross-currency swaps |  |  | 5.0 |  |  |  | - |  |  | Interest and other (income) expenses, net |  |  | 5.4 |  |  |  | - |
|  | Gain Recognized in |  |  | Location of Gain Reclassified |  | Gain Reclassified |
Instrument |  | Other Comprehensive Income |  |  | from AOCI into Income |  | from AOCI into Income |
|  | 6 Months Ended June 30, |  |  |  |  | 6 Months Ended June 30, |
|  | 2019 |  |  | 2018(1) |  |  |  |  | 2019 |  |  | 2018(1) |
Euro Notes |  | $ | 8.5 |  |  | $ | 25.9 |  |  | Interest and other (income) expenses, net |  | $ | - |  |  | $ | - |
Cross-currency swaps |  |  | 5.0 |  |  |  | - |  |  | Interest and other (income) expenses, net |  |  | 5.4 |  |  |  | - |
(1) | The prior period amounts have been revised to conform with the current period presentation.
Effect of Forward Contracts not Designated as Hedging Instrument | The effect of our forward contracts that are not designated as hedging instruments on the Consolidated Statements of Operations for the three and six months ended June 30 was as follows:
|  | Location of Gain |  | Amount of Gain Recognized in Income |
Instrument |  | Recognized in Income |  | 3 Months Ended June 30, |  |  | 6 Months Ended June 30, |
|  |  |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Foreign currency forward contracts |  | Interest and other (income) expenses, net |  | $ | 9.1 |  |  | $ | 2.1 |  |  | $ | 9.2 |  |  | $ | 2.1 |
Fair Value of Derivative and Non-Derivative Assets and Liabilities on the Consolidated Balance Sheets | The following tables present the fair value of derivative and non-derivative assets and liabilities on the Consolidated Balance Sheets as of June 30, 2019 and December 31, 2018:
|  | Assets |
|  |  |  | June 30, |  |  | December 31, |
|  | Balance Sheet Location |  | 2019 |  |  | 2018 |
Instruments designated as hedges: |  |  |  |  |  |  |  |  |  |
Cross-currency swaps |  | Prepaid expenses and other assets |  | $ | 5.1 |  |  | $ | - |
Instruments not designated as hedges: |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | Accounts receivable, net |  |  | 9.2 |  |  |  | 0.1 |
Total instruments |  |  |  | $ | 14.3 |  |  | $ | 0.1 |
|  | Liabilities |
|  |  |  | June 30, |  |  | December 31, |
|  | Balance Sheet Location |  | 2019 |  |  | 2018 |
Instruments designated as hedges: |  |  |  |  |  |  |  |  |  |
Euro Notes |  | Long-term debt |  |  | 1,083.5 |  |  |  | 1,032.0 |
Instruments not designated as hedges: |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | Accrued liabilities |  |  | — |  |  |  | 0.1 |
Total instruments |  | $ | 1,083.5 |  |  | $ | 1,032.1 |

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- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 + Details
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