XML 55 R44.htm IDEA: XBRL DOCUMENT v3.8.0.1
Derivative Instruments and Hedging Activities (Tables)
9 Months Ended
Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Gain (loss) recognized on non-designated derivative instruments
The following table summarizes the gain (loss) recognized on derivative instruments:
Derivative instrument
 
Classification on condensed consolidated statements of operations
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2017
 
2016
 
2017
 
2016
Non-designated hedges and interest rate swaps
 
Interest expense
 
$
(1.5
)
 
$
(1.1
)
 
$
(3.6
)
 
$
(3.2
)
Gain on foreign currency option contracts - acquisition related
 
Miscellaneous, net
 

 

 

 
35.6

Foreign exchange forward contracts and cash flow hedges
 
Foreign exchange gain (loss), net
 
2.3

 
0.5

 
6.3

 
(0.2
)
Foreign exchange forward contracts - acquisition related
 
Miscellaneous, net
 

 
(3.6
)
 

 
(26.3
)
Total
 
 
 
$
0.8

 
$
(4.2
)
 
$
2.7

 
$
5.9

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]
As of September 30, 2017, the Company had the following outstanding foreign currency derivatives that were used to hedge its foreign exchange risks:
Foreign Currency Derivative
 
Number of Instruments
 
Notional Sold
 
Notional Purchased
Currency forward agreements (EUR-USD)
 
14

 
77.8

USD
 
69.0

EUR
Currency forward agreements (EUR-GBP)
 
13

 
30.8

GBP
 
35.1

EUR
Currency forward agreements (EUR-CAD)
 
1

 
2.0

CAD
 
1.3

EUR
Currency forward agreements (EUR-CZK)
 
2

 
161.6

CZK
 
6.1

EUR