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Derivatives (Tables)
9 Months Ended
Sep. 30, 2017
Derivative [Line Items]  
Schedule of Fair Value of Derivatives Designated and Not Designated as Hedges

At September 30, 2017 and December 31, 2016, the total fair value of the Company’s foreign currency contracts, which were the only derivatives not designated as hedges along with the accounts in the Condensed Consolidated Balance Sheets in which the fair value amounts were included, was as follows:

 

 

September 30, 2017

 

 

December 31, 2016

 

Derivatives not designated as hedges

 

 

 

 

 

 

 

 

Prepaid expenses and other current assets

 

$

1.5

 

 

$

1.7

 

Accrued liabilities

 

 

1.0

 

 

 

1.5

 

 

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

The pre-tax 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, 2017 and 2016 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

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Derivatives not designated as hedges

 

Foreign currency contracts

Selling, general and administrative expenses

 

$

0.5

 

 

$

0.8

 

 

$

1.1

 

 

$

3.4

 

 

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 three and nine months ended September 30, 2017 and 2016 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

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Fair Value Hedges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

Investment and other income-net

 

$

 

 

$

3.6

 

 

$

 

 

$

0.4

 

Hedged items

Investment and other income-net

 

 

 

 

 

(4.3

)

 

 

 

 

 

(0.8

)

Total ineffectiveness recognized

Investment and other income-net

 

$

 

 

$

(0.7

)

 

$

 

 

$

(0.4

)