Derivatives and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2014

The following table details the fair value of our derivative instruments included on our condensed consolidated balance sheets.


	Fair Value of Asset Derivatives ⁽¹⁾				Fair Value of (Liability) Derivatives ⁽¹⁾
	June 30, 2014		December 31, 2013		June 30, 2014			December 31, 2013
Derivatives designated as hedging instruments:
Foreign currency forward contracts (cash flow hedges)	$	0.3	$	3.4	$	(2.4	)	$	(1.3	)
Interest rate swaps (fair value hedges)		1.5		—		—			(1.0	)
Derivatives not designated as hedging instruments:
Foreign currency forward contracts		1.9		7.1		(36.3	)		(49.1	)

Total	$	3.7	$	10.5	$	(38.7	)	$	(51.4	)

(1)	Asset derivatives are included in other assets and liability derivatives are included in other liabilities in the condensed consolidated balance sheets.

The following table details the effect of our derivative instruments on our condensed consolidated statements of operations.


	Amount of Gain (Loss) Recognized in Earnings on Derivatives⁽¹⁾
	Three Months Ended June 30,					Six Months Ended June 30,
	2014			2013		2014			2013
Derivatives designated as hedging instruments:
Foreign currency forward contracts	$	(1.1	)	$	0.5	$	1.2		$	0.2
Interest rate swaps		0.5			—		1.0			—
Derivatives not designated as hedging instruments:
Foreign currency forward contracts		(1.8	)		3.6		(4.9	)		(16.2	)

Total	$	(2.4	)	$	4.1	$	(2.7	)	$	(16.0	)

⁽¹⁾	Amounts recognized on foreign currency forward contracts were included in other (expense), net and amounts recognized on interest rate swaps were included in interest expense.