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Derivative Instruments (Tables)
3 Months Ended
Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair values for derivatives
The fair values, balance sheet presentation, and the hedge designation status of derivative instruments at March 31, 2015 and December 31, 2014 are presented in the table below: 
 
 
 
 
Fair Value (Level 2) as of
(in millions)
 
Balance Sheet Location
 
March 31, 2015
 
December 31, 2014
Asset Derivatives
 
 
 
 

 
 

Interest rate swaps — designated as hedge
 
Deferred charges and other assets
 
$
8.4

 
$
1.0

Liability Derivatives
 
 
 
 
 
 
Forward exchange contracts — not designated as hedge
 
Other liabilities and deferred credits
 
$
0.7

 
$

Income statement impact of derivative instruments not designated as hedging instruments
The income statement impact of derivatives is presented in the table below:
 
 
 
 
Amount of Gain (Loss) Recognized in Income on Derivatives
 
 
 
 
Three Months Ended March 31,
(in millions)
 
Location of Gain (Loss) Recognized in Income on Derivatives
 
2015
 
2014
Designated as hedges
 
 
 
 
 
 
Interest rate swaps
 
Interest expense
 
$
2.0

 
$
2.1

Not designated as hedges
 
 
 
 
 
 
Forward exchange contracts
 
Other operating income
 
0.6

 
(0.3
)
Total
 
 
 
$
2.6

 
$
1.8