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Derivatives (Tables)
 6 Months Ended
Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments
 
(in millions of dollars)
Notional Value
 
Fair Value at
June 30,
                      2014 (1)
 
Fair Value at
December 31,
2013 (1)
 
Interest
Rate
 
Maturity Date
Interest Rate Swaps
 
 
 
 
 
 
 
 
$25.0
 
$
(0.3
)
 
$
(0.3
)
 
1.10
%
 
July 31, 2016
28.1
 
(0.5
)
 
(0.5
)
 
1.38
%
 
January 2, 2017
34.4
 
—

 
0.2

 
3.72
%
 
December 1, 2017
7.6
 
—

 
0.1

 
1.00
%
 
January 1, 2018
55.0
 
(0.1
)
 
0.2

 
1.12
%
 
January 1, 2018
48.0
 
(0.1
)
 
0.2

 
1.12
%
 
January 1, 2018
30.0
 
(0.5
)
 
N/A

 
1.78
%
 
January 2, 2019
20.0
 
(0.3
)
 
N/A

 
1.78
%
 
January 2, 2019
20.0
 
(0.3
)
 
N/A

 
1.78
%
 
January 2, 2019
20.0
 
(0.4
)
 
N/A

 
1.79
%
 
January 2, 2019
20.0
 
(0.4
)
 
N/A

 
1.79
%
 
January 2, 2019
20.0
 
(0.3
)
 
N/A

 
1.79
%
 
January 2, 2019
 
 
$
(3.2
)
 
$
(0.1
)
 
 
 
 
_________________________
(1) 
As of June 30, 2014 and December 31, 2013, derivative valuations in their entirety were classified in Level 2 of the fair value hierarchy. As of June 30, 2014 and December 31, 2013, we did not have any significant recurring fair value measurements related to derivative instruments using significant unobservable inputs (Level 3).
Effect of Our Derivative Financial Instruments on Our Consolidated Statements of Operations
The table below presents the effect of derivative financial instruments on our consolidated statements of operations and on our share of our partnerships’ statements of operations for the three and six months ended June 30, 2014 and 2013:
 
 
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
Consolidated
Statements of
Operations 
Location
(in millions of dollars)
 
2014
 
2013
 
2014
 
2013
 
Derivatives in cash flow hedging relationships:
 
 
 
 
 
 
 
 
 
 
Interest rate products
 
 
 
 
 
 
 
 
 
 
(Loss) gain recognized in Other Comprehensive Income (Loss) on derivatives
 
$
(0.3
)
 
$
9.7

 
$
(2.2
)
 
$
7.6

 
N/A
Loss reclassified from Accumulated Other Comprehensive Income (Loss) into income (effective portion)
 
$
1.2

 
$
3.0

 
$
2.2

 
$
7.0

 
Interest expense
Loss recognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)
 
$
(1.2
)
 
$
(3.2
)
 
$
(1.2
)
 
$
(2.7
)
 
Interest expense