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Derivatives (Tables)
12 Months Ended
Dec. 31, 2016
Derivative [Line Items]  
Schedule of Fair Value of Derivatives Designated and Not Designated as Hedges

At December 31, 2016 and 2015, 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 Consolidated Balance Sheets in which the fair value amounts were included, were as follows:

 

 

2016

 

 

2015

 

Derivatives not designated as hedges

 

 

 

 

 

 

 

Prepaid expenses and other current assets

$

1.7

 

 

$

1.8

 

Accrued liabilities

 

1.5

 

 

 

1.5

 

Derivatives designated as fair value hedges

 

 

 

 

 

 

 

Other noncurrent assets

$

 

 

$

0.4

 

 

Schedule of Pre-Tax (Gains) Losses Related to Derivatives Not Designated as Hedges

The pre-tax (gains) losses related to derivatives not designated as hedges recognized in the Consolidated Statements of Operations for the years ended December 31, 2016, 2015 and 2014 were as follows:

 

 

Classification of (Gain) Loss Recognized in the

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated Statements of Operations

 

2016

 

 

2015

 

 

2014

 

Derivatives not designated as hedges

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange forward contracts

Selling, general and administrative expenses

 

$

(5.7

)

 

$

(28.2

)

 

$

(33.3

)

 

 

Fair Value Hedging  
Derivative [Line Items]  
Schedule of Pre-Tax (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) loss on the related interest rate swaps for the years ended December 31, 2016, 2015 and 2014 were as follows:

 

 

Classification of (Gain) Loss Recognized in the

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated Statements of Operations

 

2016

 

 

2015

 

 

2014

 

Fair Value Hedges

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

Investment and other expense-net

 

$

0.4

 

 

$

(1.7

)

 

$

(2.1

)

Hedged items

Investment and other expense-net

 

 

(0.8

)

 

 

1.3

 

 

 

1.3

 

Total (gain) loss recognized as ineffectiveness in the Consolidated Statements of Operations

Investment and other expense-net

 

$

(0.4

)

 

$

(0.4

)

 

$

(0.8

)