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Derivative Instruments (Tables)
6 Months Ended
Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Foreign currency forward contracts that were entered into to hedge forecasted revenue
The notional value of foreign currency forward contracts that were entered into to hedge forecasted revenues is summarized as follows:
 
Notional Amount
Foreign Currency: (In millions)
As of
June 30,
2014
 
As of
December 31,
2013
Euro
$
703.4

 
$
636.3

Canadian dollar
19.5

 
34.0

British pound sterling
39.1

 
72.3

Total foreign currency forward contracts
$
762.0

 
$
742.6

Summary of the effect of derivatives designated as hedging instruments on the consolidated statements of income
The following table summarizes the effect of derivatives designated as hedging instruments on our condensed consolidated statements of income:
For the Three Months Ended June 30,
Net Gains/(Losses)
Reclassified from AOCI into Net Income
(Effective Portion)
 
Net Gains/(Losses)
Recognized into Net Income
(Ineffective Portion)
Location
 
2014
 
2013
 
Location
 
2014
 
2013
Revenue
 
$
(5.2
)
 
$
0.1

 
Other income (expense)
 
$
(1.0
)
 
$
0.1


For the Six Months Ended June 30,
Net Gains/(Losses)
Reclassified from AOCI into Net Income
(Effective Portion)
 
Net Gains/(Losses)
Recognized into Net Income
(Ineffective Portion)
Location
 
2014
 
2013
 
Location
 
2014
 
2013
Revenue
 
$
(10.0
)
 
$
1.2

 
Other income (expense)
 
$
(1.2
)
 
$
0.3

Summary of fair value and presentation of derivatives
The following table summarizes the fair value and presentation in our condensed consolidated balance sheets for our outstanding derivatives including those designated as hedging instruments:
(In millions)
Balance Sheet Location
Fair Value As of June 30, 2014
Hedging Instruments:
 
 
Asset derivatives
Other current assets
$
0.4

 
Investments and other assets
$
0.6

Liability derivatives
Accrued expenses and other
$
7.9

 
Other long-term liabilities
$
0.5

Other Derivatives:
 
 
Asset derivatives
Other current assets
$
1.1

Liability derivatives
Accrued expenses and other
$
0.7

 
 
 
(In millions)
Balance Sheet Location
Fair Value As of December 31, 2013
Hedging Instruments:
 
 
Asset derivatives
Other current assets
$
0.6

Liability derivatives
Accrued expenses and other
$
23.4

Other Derivatives:
 
 
Asset derivatives
Other current assets
$
3.2

Liability derivatives
Accrued expenses and other
$
0.1