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Derivatives (Tables)
3 Months Ended
Mar. 31, 2014
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 March 31, 2014 ($ 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
 
$
0.9

 
Accrued Expenses
 
$
4.3

Foreign exchange contracts
Other Assets
 

 
Other Liabilities
 
1.1

Interest rate contracts
Other Assets
 
0.2

 
Other Liabilities
 

Total derivatives designated as hedges
 
 
$
1.1

 
 
 
$
5.4

 
The following table presents the fair value of asset and liability derivatives and the respective balance sheet locations at December 31, 2013 ($ 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
 
$

 
Accrued Expenses
 
$
6.5

Foreign exchange contracts
Other Assets
 

 
Other Liabilities
 
2.1

Interest rate contracts
Other Assets
 
0.5

 
Other Liabilities
 

Total derivatives designated as hedges
 
 
$
0.5

 
 
 
$
8.6

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table provides the 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
Gain (Loss) Recognized in AOCI on Derivatives, Net of Tax
 
Loss Reclassified
from AOCI
 
Three Months Ended
 
Three Months Ended
 
March 31,
 
March 31,
 
2014
 
2013
 
2014
 
2013
Foreign exchange contracts
$
4.5

 
$
1.1

 
$
(1.4
)
 
$
(0.3
)
Interest rate contracts
(0.2
)
 

 

 

Total
$
4.3

 
$
1.1

 
$
(1.4
)
 
$
(0.3
)
Schedule of derivative instruments, gain (loss) in income statement
The following table provides the effect derivative instruments not designated as 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
 
 
March 31, 2014
 
March 31, 2013
Foreign exchange contracts
 
0.1

 
(0.4
)