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FAIR VALUE (Tables)
6 Months Ended
Jun. 30, 2019
Fair Value [Abstract]  
Financial Instruments Carried at Fair Value on Recurring Basis

 

 

 

Fair Value Measurement as of June 30, 2019

Description

 

Balance

 

Level 1

 

Level 2

Assets:

 

 

 

 

 

 

 

 

 

Derivatives (1)

 

$

59.1

 

$

-

 

$

59.1

 

Mutual funds

 

15.1

 

 

15.1

 

 

-

 

Total

$

74.2

 

$

15.1

 

$

59.1

Liabilities:

 

 

 

 

 

 

 

 

 

 

Derivatives (1)

$

12.5

 

$

-

 

$

12.5

 

Total

$

12.5

 

$

-

 

$

12.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurement as of December 31, 2018

Description

 

Balance

 

Level 1

 

Level 2

Assets:

 

 

 

 

 

 

 

 

 

Derivatives (1)

 

$

28.3

 

$

-

 

$

28.3

 

Money market mutual funds

 

15.2

 

 

15.2

 

 

-

 

Mutual funds

 

33.3

 

 

33.3

 

 

-

 

Total

$

76.8

 

$

48.5

 

$

28.3

Liabilities:

 

 

 

 

 

 

 

 

 

 

Derivatives (1)

$

16.4

 

$

-

 

$

16.4

 

Total

$

16.4

 

$

-

 

$

16.4

(1) Represents FX forwards on certain assets and liabilities as well as interest rate swaps and cross-currency swaps as more fully described in Note 11 to the condensed consolidated financial statements.