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Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2019
Derivative Instruments and Hedging Activities  
Schedule of notional amounts, fair values and classification of outstanding derivatives

 

 

 

 

 

 

 

 

 

Fair Value

 

Fair Value

 

 

Accrued

 

Other

 

 

Liabilities

 

Non-Current

 

    

and Other

    

Liabilities

Derivatives Designated as Hedging Instruments

 

(in millions)

Interest rate swap contracts as of June 30, 2019

 

$

11.1

 

$

11.9

Interest rate swap contracts as of December 31, 2018

 

$

2.6

 

$

4.0

 

Schedule of gains and losses on derivatives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Six months ended

 

 

June 30, 

 

June 30, 

 

    

2019

    

2018

    

2019

    

2018

Interest rate swap contracts(1)

 

(in millions)

Loss recorded in AOCL on derivatives, net

 

$

8.5

 

$

0.6

 

$

11.6

 

$

0.6

Loss reclassified from AOCL into income

 

 

 —

 

 

 —

 

 

 —

 

 

 —


(1)

Losses on derivatives reclassified from AOCL into income will be included in “Interest expense” in the condensed consolidated statements of operations, the statement of operations line item as the earnings effect of the hedged item.