Derivatives (Tables)

12 Months Ended

Dec. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Financial Instruments

The following table presents the fair value of derivative financial instruments as of December 31, (in millions):

	2017				2016
	Fair Value of Derivatives				Fair Value of Derivatives
	Asset (a)		Liability (a)		Asset (a)		Liability (a)
Derivatives designated as effective hedges:
Cash flow hedges:
Cross-currency swaps	$	—	$	21.5	$	0.7	$	16.3
Foreign currency contracts		2.0		6.6		14.2		3.4
Fair value hedges:
Interest rate swaps		—		7.8		—		5.9
Derivatives not designated as effective hedges:
Foreign currency contracts		12.7		20.8		18.2		10.9
Commodity contracts		0.2		—		0.2		0.3
Total	$	14.9	$	56.7	$	33.3	$	36.8

(a) Consolidated balance sheet location:

Asset: Prepaid expenses and other, and other non-current assets

Liability: Other accrued liabilities, and other non-current liabilities

Schedule of Pretax Effects of Derivative Financial Instruments Designated as Effective Hedges

The following table presents gain and loss activity (on a pretax basis) for 2017, 2016 and 2015 related to derivative financial instruments designated as effective hedges (in millions):

	2017						2016						2015
	Gain/(Loss)						Gain/(Loss)						Gain/(Loss)
	Recognized in OCI (a)			Reclassified from AOCI to Income			Recognized in OCI (a)			Reclassified from AOCI to Income			Recognized in OCI (a)				Reclassified from AOCI to Income
Interest rate swaps	$	—		$	(8.2	)	$	(88.1	)	$	(6.2	)	$		(3.1	)	$	(0.8	)
Foreign currency contracts		(33.1	)		6.8			31.3			7.4				15.8			16.1
Cross-currency swaps		(5.8	)		(6.9	)		(13.0	)		(13.2	)			(2.7	)		(1.0	)
Total	$	(38.9	)	$	(8.3	)	$	(69.8	)	$	(12.0	)		$	10.0		$	14.3

(a)   Represents effective portion recognized in Other Comprehensive Income (“OCI”).