Derivatives (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value of Derivatives Not Designated and Designated as Hedges

At September 30, 2014 and 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:

	September 30, 2014		December 31, 2013
Derivatives not designated as hedges
Prepaid expenses and other current assets	$	20.6	$	0.4
Accrued liabilities		0.3		1.5
Derivatives designated as fair value hedges
Prepaid expenses and other current assets	$	—	$	1.3
Other noncurrent liabilities		2.9		9.1

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 September 30, 2014 and December 31, 2013 were as follows:

September 30, 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	$	20.6	$	—	$	20.6	$	(1.9	)	$	18.7
Interest rate swaps		—		—		—		—			—
Total	$	20.6	$	—	$	20.6	$	(1.9	)	$	18.7
Liabilities
Foreign exchange forward contracts    reported gross	$	0.3	$	—	$	0.3	$	(0.1	)	$	0.2
Interest rate swaps		2.9		—		2.9		(1.8	)		1.1
Total	$	3.2	$	—	$	3.2	$	(1.9	)	$	1.3

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

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

The pre-tax (gains) losses related to derivatives not designated as hedges recognized in the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2014 and 2013 were as follows:

		Three Months Ended					Nine Months Ended
	Classification of (Gain) Loss Recognized in the	September 30,					September 30,
	Condensed Consolidated Statements of Operations	2014			2013		2014			2013
Derivatives not designated as hedges
Foreign exchange forward contracts	Selling, general and administrative expenses	$	(19.8	)	$	14.2	$	(21.3	)	$	8.7

Fair Value Hedging

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 and nine months ended September 30, 2014 and 2013 were as follows:

		Three Months Ended						Nine Months Ended
	Classification of (Gain) Loss Recognized in the	September 30,						September 30,
	Condensed Consolidated Statements of Operations	2014			2013			2014			2013
Fair Value Hedges
Interest rate swaps	Investment and other (income) expense-net	$	1.3		$	(0.6	)	$	(0.4	)	$	17.0
Hedged items	Investment and other (income) expense-net		(1.5	)		0.6			(0.4	)		(16.1	)
Total (gain) loss recognized as    ineffectiveness in the Condensed    Consolidated Statements of Operations	Investment and other (income) expense-net	$	(0.2	)	$	—		$	(0.8	)	$	0.9