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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair values for derivatives
The fair values, balance sheet presentation, and the hedge designation status of derivative instruments at December 31, 2015 and 2014 are presented in the table below: 
 
 
 
 
Fair Value (Level 2) as of
(in millions)
 
Balance Sheet Location
 
December 31, 2015
 
December 31, 2014
Asset Derivatives
 
 
 
 

 
 

Interest rate swaps — designated as hedge
 
Deferred charges and other assets
 
$
5.2

 
$
1.0

Income statement impact of derivative instruments not designated as hedging instruments
The income statement impact of derivatives are presented in the table below:
 
 
 
 
 
Amount of Gain (Loss) Recognized
in Income on Derivatives
(in millions)
 
Income Statement Location
 
2015
 
2014
 
2013
Designated as hedges
 
 
 
 
 
 
 
 
Interest rate swaps
 
Interest expense
 
$
7.2

 
$
8.2

 
$
8.1

Not designated as hedges
 
 
 
 
 
 
 
 
Forward exchange contracts
 
Other operating income
 
0.7

 
(0.4
)
 
0.1

Total
 
 
 
$
7.9

 
$
7.8

 
$
8.2