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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Summary of Impact of Cross-Currency Swaps to AOCIL and Consolidated Statements of Operations

 

 

 

 

 

 

 

 

 

 

 

June 30, 2020

 

 

December 31, 2019

 

Description (in millions)

 

Gain/(Loss) Recognized in AOCI

 

Cross currency swap agreements, net of tax

 

$

31.3

 

 

$

19.8

 

 

Summary of Fair Value Level 2 Inputs of Company's Derivatives

The following table summarizes the location and fair value, using Level 2 inputs (see Note 6 for a description of the fair value levels), of the Company's derivatives designated and not designated as hedging instruments in the unaudited condensed consolidated balance sheets (in millions).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Sheet Location

 

June 30, 2020

 

 

December 31, 2019

 

Designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

Cross currency swap agreements

 

Other long-term (assets)

 

$

 

 

$

(15.0

)

Interest rate swap agreement

 

Other long-term (assets)

 

 

 

 

 

(0.0

)

Interest rate swap agreement

 

Other long-term liabilities

 

 

 

 

 

19.0

 

 

 

 

 

$

 

 

$

4.0