Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The notional amount of the Company's derivative instruments is summarized as follows (in millions):

	As of December 31,
	2019		2018
Designated derivatives:
Cash flow hedges	$	484.0	$	497.7
Interest rate swap contracts	300.0		—
Total designated derivatives	$	784.0	$	497.7
Non-designated derivatives	162.9		158.7
Total	$	946.9	$	656.4

Schedule of Derivative Liabilities at Fair Value

The fair value of derivative instruments on the Consolidated Balance Sheets was as follows:

		As of December 31,
	Balance Sheet Location	2019		2018
Derivative assets:
Derivatives designated as hedging instruments:
Foreign currency contracts as cash flow hedges	Other current assets	$	2.2	$	5.2
Foreign currency contracts as cash flow hedges	Other long-term assets	0.3		—
Total derivatives designated as hedging instruments		$	2.5	$	5.2
Derivatives not designated as hedging instruments	Other current assets	—		0.1
Total derivative assets		$	2.5	$	5.3
Derivative liabilities:
Derivatives designated as hedging instruments:
Foreign currency contracts as cash flow hedges	Other accrued liabilities	$	6.6	$	6.6
Interest rate swap designated as fair value hedges	Other long-term liabilities	3.1		—
Total derivatives designated as hedging instruments		$	9.7	$	6.6
Derivatives not designated as hedging instruments	Other accrued liabilities	0.2		0.5
Total derivative liabilities		$	9.9	$	7.1

Schedule of Derivative Assets at Fair Value

The fair value of derivative instruments on the Consolidated Balance Sheets was as follows:

		As of December 31,
	Balance Sheet Location	2019		2018
Derivative assets:
Derivatives designated as hedging instruments:
Foreign currency contracts as cash flow hedges	Other current assets	$	2.2	$	5.2
Foreign currency contracts as cash flow hedges	Other long-term assets	0.3		—
Total derivatives designated as hedging instruments		$	2.5	$	5.2
Derivatives not designated as hedging instruments	Other current assets	—		0.1
Total derivative assets		$	2.5	$	5.3
Derivative liabilities:
Derivatives designated as hedging instruments:
Foreign currency contracts as cash flow hedges	Other accrued liabilities	$	6.6	$	6.6
Interest rate swap designated as fair value hedges	Other long-term liabilities	3.1		—
Total derivatives designated as hedging instruments		$	9.7	$	6.6
Derivatives not designated as hedging instruments	Other accrued liabilities	0.2		0.5
Total derivative liabilities		$	9.9	$	7.1