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Derivative Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract] |
Effect of Net Investment Hedges on AOCI | The effect of our net investment hedges on AOCI for the year ended December 31, 2019, and 2018 was as follows:
|  |  |  |  |  |  |  |  |  |  |  | Gain (Loss) Reclassified |
|  | Gain (Loss) Recognized in OCI | Location of Gain (Loss) Reclassified |  | from AOCI into Income |
|  | Year Ended December 31, |  |  | from AOCI into Income |  | Year Ended December 31, |
Instrument |  | 2019 |  |  | 2018 |  |  |  |  | 2019 |  |  | 2018 |
Euro Notes |  | $ | 22.9 |  |  | $ | 45.4 |  |  | Interest and other (income) expenses, net |  | $ | — |  |  | $ | — |
Cross-currency swaps |  |  | (9.0 | ) |  |  | — |  |  | Interest and other (income) expenses, net |  |  | 8.7 |  |  |  | — |
Impact of Changes in Fair Values of Derivatives Designated as Cash Flow Hedges on OCI, AOCI and Earnings | The following tables present the impact that changes in the fair values of derivatives designated as cash flow hedges had on OCI, AOCI and earnings for the year ended December 31, 2019, and 2018:
|  |  |  |  |  |  | Gain Reclassified |
|  | Gain Recognized in OCI |  |  |  |  | from AOCI into Income |
|  | Year Ended December 31, |  |  | Location of Gain Reclassified |  | Year Ended December 31, |
Instrument |  | 2019 |  |  | 2018 |  |  | from AOCI into Income |  | 2019 |  |  | 2018 |
Cross-currency swaps |  | $ | 7.3 |  |  | $ | — |  |  | Interest and other (income) expenses, net |  | $ | 8.3 |  |  | $ | — |
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 year ended December 31, 2019 was as follows:
|  | Location of Gain |  | Amount of Gain Recognized in Income
Instrument |  | Recognized in Income |  | Year Ended December 31, |  |
|  |  |  | 2019 |  |  | 2018 |  |
Foreign currency forward contracts |  | Interest and other (income) expenses, net |  | $ | 11.9 |  |  | $ | — |  |
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 December 31, 2019, and 2018:
|  | Assets |
|  |  |  | December 31, |
|  | Balance Sheet Location |  | 2019 |  |  | 2018 |
Instruments designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |
Cross-currency swaps |  | Prepaid expenses and other assets |  | $ | 9.7 |  |  | $ | — |
Instruments not designated as hedges: |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | Accounts receivable, net |  |  | — |  |  |  | 0.1 |
Total instruments |  |  |  | $ | 9.7 |  |  | $ | 0.1 |
|  | Liabilities |
|  |  |  | December 31, |
|  | Balance Sheet Location |  | 2019 |  |  | 2018 |
Instruments designated as net investment hedges: |  |  |  |  |  |  |  |  |  |
Euro Notes |  | Long-term debt |  | $ | 1,002.9 |  |  | $ | 1,024.6 |
Cross-currency swaps |  | Accrued liabilities |  |  | 6.0 |  |  |  | — |
Instruments not designated as hedges: |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | Accrued liabilities |  |  | — |  |  |  | 0.1 |
Total instruments |  | $ | 1,008.9 |  |  | $ | 1,024.7 |

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