Derivatives and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2014

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments

The following table details the fair value of our derivative instruments included on our condensed consolidated balance sheets.

	Fair Value of Asset				Fair Value of (Liability)
	Derivatives (1)				Derivatives (1)
	September 30,		December 31,		September 30,			December 31,
	2014		2013		2014			2013
Derivatives designated as hedging instruments:
Foreign currency forward contracts (cash flow hedges)	$	3.1	$	3.4	$	(0.9	)	$	(1.4	)
Interest rate swaps (fair value hedges)		0.6		—		—			(1.0	)
Interest rate and currency swaps (cash flow hedges)		7.3		—		—			—
Derivatives not designated as hedging instruments:
Foreign currency forward contracts		21.9		7.1		(47.3	)		(49.1	)
Total	$	32.9	$	10.5	$	(48.2	)	$	(51.5	)

⁽¹⁾ Asset derivatives are included in other assets and liability derivatives are included in other liabilities in the condensed consolidated balance sheets.

Effect of Derivative Instruments on Condensed Consolidated Statements of Operations

The following table details the effect of our derivative instruments on our condensed consolidated statements of operations

	Amount of Gain (Loss) Recognized in
	Earnings on Derivatives(1)
	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2014			2013		2014			2013
Derivatives designated as hedging instruments:
Foreign currency forward contracts	$	(1.7	)	$	1.5	$	(0.5	)	$	1.7
Interest rate swaps		0.5			—		1.5			—
Interest rate and currency swaps		(0.8	)		—		(0.8	)		—
Derivatives not designated as hedging instruments:
Foreign currency forward contracts		(7.0	)		11.1		(11.9	)		(5.1	)
Total	$	(9.0	)	$	12.6	$	(11.7	)	$	(3.4	)

⁽¹⁾ Amounts recognized on foreign currency forward contracts were included in other income (expense), net and amounts recognized on interest rate swaps and interest rate and currency swaps were included in interest expense.