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Financial Instruments and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Values of Derivative Instruments Included on Consolidated Balance Sheet The following table presents the fair values of derivative instruments included on the condensed consolidated balance sheet:
  
Derivative Assets
 
Derivative Liabilities
In millions
Balance Sheet Classification
 
March 31, 2018
 
December 31, 2017
 
Balance Sheet Classification
 
March 31, 2018
 
December 31, 2017
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
Foreign currency
Prepaid expenses and other current assets
 
$
2.9

 
$
0.5

 
Accrued payroll and other liabilities
 
$
(29.0
)
 
$
(31.0
)
Interest Rate
 
 
 
 
 
 
Accrued payroll and other liabilities
 
(1.0
)
 
(0.3
)
Foreign currency
Miscellaneous other assets
 
0.8

 
0.1

 
Other long-term liabilities
 
(0.9
)
 
(1.4
)
Interest rate
 
 
 
 
 
 
Other long-term liabilities
 
(17.5
)
 
(5.9
)
Total derivatives designated as hedging instruments
 
$
3.7

 
$
0.6

 
 
 
$
(48.4
)
 
$
(38.6
)
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
Equity
 
 
 
 
 
 
Accrued payroll and other liabilities
 
$
(5.2
)
 
$
(1.3
)
Foreign currency
 
 
 
 
 
 
Accrued payroll and other liabilities
 
(2.1
)
 
(5.5
)
Equity
Miscellaneous other assets
 
$
152.3

 
$
167.3

 
 
 
 
 
 
Total derivatives not designated as hedging instruments
 
$
152.3

 
$
167.3

 
 
 
$
(7.3
)
 
$
(6.8
)
Total derivatives
 
$
156.0

 
$
167.9

 
 
 
$
(55.7
)
 
$
(45.4
)

Derivatives Pretax Amounts Affecting Income and Other Comprehensive Income The following table presents the pre-tax amounts from derivative instruments affecting income and other comprehensive income (“OCI”) for the quarters ended March 31, 2018 and 2017, respectively:
 
Location of Gain or Loss
Recognized in Income on
Derivative
 
Gain (Loss)
Recognized in
Accumulated OCI
 
Gain (Loss) Reclassified
into Income from
Accumulated OCI
 
Gain (Loss) Recognized in
Income on Derivative
 
 
 
 
 
 
 
 
In millions
 
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Foreign currency
Nonoperating income/expense
 
$
(9.8
)
 
$
(11.1
)
 
$
(15.3
)
 
$
6.2

 
 
 
 
Interest rate
Interest expense
 

 

 
(0.2
)
 
(0.1
)
 
 
 
 
Cash flow hedges
 
$
(9.8
)
 
$
(11.1
)
 
$
(15.5
)
 
$
6.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency denominated debt
Nonoperating income/expense
 
$
(404.5
)
 
$
(152.2
)
 
$

 
$

 
 
 
 
Foreign currency derivatives
Nonoperating income/expense
 

 
(6.5
)
 

 
(109.0
)
 
 
 
 
Net investment hedges
 
$
(404.5
)
 
$
(158.7
)
 
$

 
$
(109.0
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency
Nonoperating income/expense
 
 
 
 
 
 
 
 
 
$
3.2

 
$
(16.1
)
Equity
Selling, general & administrative expenses
 
 
 
 
 
 
 
 
 
(16.3
)
 
19.4

Undesignated derivatives
 
 
 
 
 
 
 
 
 
$
(13.1
)
 
$
3.3