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Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Designated and Non-designated Cash Flow Hedges A summary of the Company's designated and non-designated cash flow hedges follows:
 
 
December 31, 2018
 
December 31, 2017
(in millions)
 
Fair Value (1)
 
Notional Value
 
Fair Value (1)
 
Notional Value
Designated hedges
 
$
0.2

 
$
95.0

 
$
(0.2
)
 
$
22.3

Non-designated hedges
 
0.1

 
49.9

 
0.2

 
38.6

(1) 
The fair value of foreign currency forward contracts is included in other current assets. The fair value was estimated using observable market inputs such as forward and spot prices of the underlying exchange rate pair. Based on these inputs, derivative assets and liabilities are classified as Level 2 in the fair value hierarchy.
Change in Accumulated Other Comprehensive Income Related to Cash Flow Hedges The changes in accumulated other comprehensive income (loss) by component follows:
(in millions)
 
Accrued
post-retirement benefit liability
 
Foreign currency translation
 
Foreign currency forward contracts
 
Total
Balance as of January 1, 2017
 
$
(26.4
)
 
$
(96.7
)
 
$
0.9

 
$
(122.2
)
Other comprehensive income (loss) before reclassifications
 
(11.2
)
 
46.6

 
(4.4
)
 
31.0

Amounts reclassified from accumulated other comprehensive income (loss) (1)
 
2.5

 
—

 
(0.5
)
 
2.0

Income tax benefit
 
3.5

 
—

 
—

 
3.5

Other comprehensive income (loss)
 
(5.2
)
 
46.6

 
(4.9
)
 
36.5

Balance as of December 31, 2017
 
(31.6
)
 
(50.1
)
 
(4.0
)
 
(85.7
)
Adoption of accounting standard
 
(6.5
)
 
—

 
—

 
(6.5
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
 
(5.1
)
 
(30.3
)
 
0.4

 
(35.0
)
Amounts reclassified from accumulated other comprehensive income (loss) (1)
 
4.6

 
—

 
0.4

 
5.0

Income tax benefit
 
0.1

 
—

 
—

 
0.1

Other comprehensive income (loss)
 
(0.4
)
 
(30.3
)
 
0.8

 
(29.9
)
Balance as of December 31, 2018
 
$
(38.5
)
 
$
(80.4
)
 
$
(3.2
)
 
$
(122.1
)
(1) 
The accrued post‑retirement benefit liability reclassification pertains to the amortization of unrecognized actuarial gains and losses and prior service credits which is included in net periodic benefit cost. See Note 15 for additional pension discussion.