XML 44 R34.htm IDEA: XBRL DOCUMENT v3.5.0.2
Derivatives (Tables)
6 Months Ended
Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Asset and Liability Derivatives and the Respective Balance Sheet Locations
The following table presents the fair value of asset and liability derivatives and the respective balance sheet locations at June 30, 2016 ($ in millions):
 
 
Asset Derivatives
 
Liability Derivatives
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
Derivatives designated as hedges:
 
 
 
 
 
 
 
Foreign exchange contracts
Accounts Receivable
 
$
1.2

 
Accrued Expenses
 
$
2.9

Foreign exchange contracts
Other Assets
 
1.6

 
Other Liabilities
 
1.2

Interest rate contracts
Other Assets
 

 
Other Liabilities
 
1.2

Total derivatives designated as hedges
 
 
$
2.8

 
 
 
$
5.3

 






The following table presents the fair value of asset and liability derivatives and the respective balance sheet locations at December 31, 2015 ($ in millions):
 
 
Asset Derivatives
 
Liability Derivatives
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
Derivatives designated as hedges:
 
 
 
 
 
 
 
Foreign exchange contracts
Accounts Receivable
 
$
0.7

 
Accrued Expenses
 
$
10.8

Foreign exchange contracts
Other Assets
 

 
Other Liabilities
 
7.0

Interest rate contracts
Other Assets
 

 
Other Liabilities
 
0.6

Total derivatives designated as hedges
 
 
$
0.7

 
 
 
$
18.4

Effect on Accumulated Other Comprehensive Income (Loss) and Results of Operations of Derivative Instruments in Cash Flow Hedging Relationships
The following table provides the gross effect that derivative instruments in cash flow hedging relationships had on accumulated other comprehensive income (loss), or AOCI, and results of operations ($ in millions):
Derivatives Designated as Cash Flow Hedging Relationships
Unrealized Gain (Loss) Recognized in AOCI on Derivatives, Net of Tax
 
Loss Reclassified
from AOCI
 
Three Months Ended
 
Six Months Ended
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
June 30,
 
June 30,
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Foreign exchange contracts
$
2.3

 
$
1.8

 
$
12.7

 
$
(9.5
)
 
$
(3.5
)
 
$
(2.1
)
 
$
(5.3
)
 
$
(3.6
)
Interest rate contracts
(0.2
)
 
0.1

 
(0.7
)
 
(0.2
)
 
(0.1
)
 

 
(0.3
)
 

Total
$
2.1

 
$
1.9

 
$
12.0

 
$
(9.7
)
 
$
(3.6
)
 
$
(2.1
)
 
$
(5.6
)
 
$
(3.6
)
Effect on Net Income of Derivative Instruments Non Designated as Hedging
The following table provides the effect that derivative instruments not designated as cash flow hedging instruments had on net income ($ in millions):
Derivatives Not Designated as Cash Flow Hedging Instruments
 
Amount of Gain (Loss) Recognized in Other Income / Expense
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30, 2016
 
June 30, 2015
 
June 30, 2016
 
June 30, 2015
Foreign exchange contracts
 
$
(1.4
)
 
$
(0.5
)
 
$
0.4

 
$
(1.6
)