Derivatives (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value of Derivatives Not Designated and Designated as Hedges

At March 31, 2014and December 31, 2013, the total fair value of the Company’s foreign exchange forward contracts, which were the only derivatives not designated as hedges, and fair value hedges, along with the accounts in the Condensed Consolidated Balance Sheets in which the fair value amounts were included, were as follows:

	March 31, 2014		December 31, 2013
Derivatives not designated as hedges
Prepaid expenses and other current assets	$	0.6	$	0.4
Accrued liabilities		1.5		1.5
Derivatives designated as fair value hedges
Prepaid expenses and other current assets	$	—	$	1.3
Other noncurrent liabilities		3.2		9.1

Total Fair Value of Foreign Exchange Contracts Not Designated and Designated as Hedges

The pre-tax gains related to derivatives not designated as hedges recognized in the Condensed Consolidated Statements of Operations for the three months ended March 31, 2014 and 2013 were as follows:

	Classification of Gain Recognized in the Condensed Consolidated Statements of Operations	Three Months Ended March 31,
		2014			2013
Derivatives not designated as hedges
Foreign exchange forward contracts	Selling, general and administrative expenses	$	(0.4	)	$	(12.8	)

Schedule of Gains (Losses) for Derivatives Designated as Fair Value Hedges

For derivatives designated as fair value hedges, the pre-tax (gains) losses related to the hedged items, attributable to changes in the hedged benchmark interest rate and the offsetting gain or loss on the related interest rate swaps for the three months ended March 31, 2014 and 2013 were as follows:

	Classification of (Gain) Loss Recognized in the Condensed Consolidated Statements of Operations	Three Months Ended March 31,
		2014			2013
Fair Value Hedges
Interest rate swaps	Investment and other expense - net	$	(0.1	)	$	4.3
Hedged items	Investment and other expense – net		(0.6	)		(3.7	)
Total (gain) loss recognized as ineffectiveness in the condensed consolidated statements of operations	Investment and other expense - net	$	(0.7	)	$	0.6

Balance Sheet Offsetting

Gross and Net Amounts of Foreign Exchange Forward Contracts and Interest Rate Swaps

The gross and net amounts of foreign exchange forward contracts and interest rate swaps recognized in the Condensed Consolidated Balance Sheets as of March 31, 2014 and December 31, 2013 were as follows:

March 31, 2014	Gross Amounts of Assets and Liabilities		Impact of Netting		Net Amounts of Assets and Liabilities Presented in the Condensed Consolidated Balance Sheet		All Other Amounts Subject to Master Netting Agreements			Potential Net Amounts of Assets and Liabilities
Assets
Foreign exchange forward contracts reported gross	$	0.6	$	—	$	0.6	$	(0.4	)	$	0.2
Interest rate swaps		—		—		—		—			—
Total	$	0.6	$	—	$	0.6	$	(0.4	)	$	0.2
Liabilities
Foreign exchange forward contracts reported gross	$	1.5	$	—	$	1.5	$	—		$	1.5
Interest rate swaps		3.2		—		3.2		(0.4	)		2.8
Total	$	4.7	$	—	$	4.7	$	(0.4	)	$	4.3

December 31, 2013	Gross Amounts of Assets and Liabilities		Impact of Netting		Net Amounts of Assets and Liabilities Presented in the Condensed  Consolidated Balance Sheet		All Other Amounts Subject to Master Netting Agreements			Potential Net Amounts of Assets and Liabilities
Assets
Foreign exchange forward contracts reported gross	$	0.4	$	—	$	0.4	$	(0.4	)	$	—
Interest rate swaps		1.3		—		1.3		(0.2	)		1.1
Total	$	1.7	$	—	$	1.7	$	(0.6	)	$	1.1
Liabilities
Foreign exchange forward contracts reported gross	$	1.5	$	—	$	1.5	$	(0.2	)	$	1.3
Interest rate swaps		9.1		—		9.1		(0.4	)		8.7
Total	$	10.6	$	—	$	10.6	$	(0.6	)	$	10.0