Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Quantitative Disclosures of Derivative Instruments Including Estimated Fair Values

The following tables present the required quantitative disclosures for our derivative instruments, including their estimated fair values (all estimated using Level 2 inputs) and their location on our condensed consolidated balance sheets (in millions):

	Gain (Loss) Recognized in Other Comprehensive Income (Loss) (Effective Portion)
	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Derivatives designated as cash flow hedges
Forward-starting interest rate swaps	$	(15.4	)	$	(21.6	)	$	(20.4	)	$	(72.6	)
Forward-currency contracts	$	(7.0	)	$	(0.7	)	$	(5.5	)	$	(9.8	)
Derivatives designated as net investment hedges
Cross-currency rate swaps	$	(124.1	)	$	54.4		$	(178.3	)	$	(219.7	)

Classification on Condensed Consolidated Statements of Operations	Gain (Loss) Reclassified from AOCI into Earnings
	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Interest expense, net	$	(9.0	)	$	(5.9	)	$	(14.9	)	$	(9.4	)
Cost of sales	$	(0.8	)	$	(1.1	)	$	0.1		$	2.5

Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

	Fair Value as of
	June 30, 2017		December 31, 2016		Balance Sheet Location
Assets:
Derivatives designated as cash flow hedges
Foreign currency	$	0.2	$	2.8	Prepaids and other current assets
Derivatives designated as net investment hedges
Foreign currency	—		717.9		Derivative assets
Total assets at fair value	$	0.2	$	720.7
Liabilities:
Derivatives designated as cash flow hedges
Interest rate	$	66.8	$	55.1	Other liabilities, net
Foreign currency	4.3		1.1		Other accrued liabilities
Derivatives designated as net investment hedges
Foreign currency	241.1		—		Other liabilities, net
Total liabilities at fair value	$	312.2	$	56.2