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Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Quantitative disclosures of derivative instruments
The following tables present the required quantitative disclosures for our derivative instruments, including their estimated fair values (all estimated using Level 2 inputs) and their location on our condensed consolidated balance sheets (in millions):

 
Gain or (Loss) Recognized in Other Comprehensive Income (Loss)
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Derivatives designated as cash flow hedges(1)
 
 
 
 
 
 
 
Interest rate swaps
$
(4.3
)
 
$
(15.4
)
 
$
24.4

 
$
(20.4
)
Forward-currency contracts
$
3.3

 
$
(7.0
)
 
$
13.3

 
$
(5.5
)
Derivatives designated as net investment hedges
 
 
 
 
 
 
 
Cross-currency rate swaps
$
142.8

 
$
(124.1
)
 
$
153.9

 
$
(178.3
)
(1)
We did not exclude any components from the cash flow hedge relationships presented in this table.

 
 
Location of Gain or (Loss) Reclassified from AOCI into Earnings
 
Gain or (Loss) Reclassified from AOCI into Earnings
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
 
 
2018
 
2017
 
2018
 
2017
Derivatives designated as cash flow hedges
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
Interest expense, net
 
$
(5.6
)
 
$
(9.0
)
 
$
(11.1
)
 
$
(14.9
)
Forward-currency contracts
 
Cost of sales
 
$
0.2

 
$
(0.8
)
 
$
2.6

 
$
0.1

 
 
 
 
 
 
 
 
 
 
 
 
 
Location of Gain or (Loss) Recognized in Earnings
 
Gain or (Loss) Recognized in Earnings
(Amount Excluded from Effectiveness Testing)
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
 
 
2018
 
2017
 
2018
 
2017
Derivatives designated as net investment hedges
 
 
 
 
 
 
 
 
 
 
Cross-currency rate swaps
 
Interest expense, net
 
$
19.9

 
$
—

 
$
23.5

 
$
—
Summary of fair value measurements
 
Fair Value as of
 
 
 
 
 
June 30, 2018
 
December 31, 2017
 
Balance Sheet Location
Assets:
 
 
 
 
 
Derivatives designated as cash flow hedges
 
 
 
 
 
Foreign currency
$
6.3

 
$
0.5

 
Prepaids and other current assets
Total assets at fair value
$
6.3

 
$
0.5

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
Derivatives designated as cash flow hedges
 
 
 
 
 
Interest rate
$
12.7

 
$
42.1

 
Other liabilities, net
Foreign currency
0.3

 
5.1

 
Other accrued liabilities
Derivatives designated as net investment hedges
 
 
 
 
 
Foreign currency
292.7

 
456.4

 
Other liabilities, net
Total liabilities at fair value
$
305.7

 
$
503.6