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Derivative Financial Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivatives
The following table presents the fair value of derivatives as of September 30, 2018 and December 31, 2017 (in millions):
 
 
 
 
September 30, 2018
 
December 31, 2017
 
 
 
 
Assets
 
Liabilities
 
Assets
 
Liabilities
Derivative Instrument
 
Notional
 
Fair Value
 
Fair Value
 
Fair Value
 
Fair Value
Designated:
 
 
 
 
 
 
 
 
 
 
Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
Cross-currency interest rate swaps
 
$
—

 
$
—

 
$
—

 
$
7.1

 
$
0.4

Interest rate swaps
 
1,800.0

 
9.9

 
—

 
0.5

 
—

Interest rate caps
 
—

 
—

 
—

 
8.9

 
—

Net investment hedges:
 
 
 
 
 
 
 
 
 
 
Foreign currency net investment hedges
 
—

 
—

 
—

 
—

 
0.7

Non-designated:
 
 
 
 
 
 
 
 
 
 
Foreign currency forward contracts
 
89.4

 
0.8

 
0.9

 
0.8

 
2.2
Schedule of Effect of Derivatives As Hedges, Net of Applicable Income Taxes
The following tables presents the effect of derivatives designated as hedges, net of applicable income taxes, in the unaudited condensed consolidated statements of operations for the three and nine months ended September 30, 2018 and 2017 (in millions):
 
Beginning
Accumulated Other
Comprehensive
Loss (Gain)
 
Amount of Loss
(Gain) Recognized
in Other
Comprehensive
Loss on Derivatives
(Effective Portion)(1)
 
Amount of (Loss) Gain
Reclassified from
Accumulated Other
Comprehensive Loss
into Statement of Operations
(Effective Portion)(2)
 
Ending
Accumulated Other
Comprehensive
Loss (Gain)
Three Months Ended September 30, 2018
 
 
 
 
 
 
 
Foreign currency cash flow hedges
$
1.5

 
$
(2.5
)
 
$
1.0

 
$
—

Foreign currency net investment hedges
(0.4
)
 
0.1

 
—

 
(0.3
)
Interest rate cash flow hedges
(42.3
)
 
(5.2
)
 
2.0

 
(45.5
)
 
$
(41.2
)
 
$
(7.6
)
1 
$
3.0

2 
$
(45.8
)
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2017
 
 
 
 
 
 
 
Foreign currency cash flow hedges
$
1.4

 
$
3.7

 
$
(3.6
)
 
$
1.5

Foreign currency net investment hedges
(0.3
)
 
0.4

 
—

 
0.1

Interest rate cash flow hedges
(4.4
)
 
(0.2
)
 
(2.1
)
 
(6.7
)
 
$
(3.3
)
 
$
3.9

1 
$
(5.7
)
2 
$
(5.1
)
(1) Amount is net of related income tax expense of $1.4 million and $0.3 million for the three months ended September 30, 2018 and September 30, 2017, respectively.
(2) Amount is net of related income tax expense of $(0.4) million and $(0.4) million for the three months ended September 30, 2018 and September 30, 2017, respectively.
 
Beginning
Accumulated Other
Comprehensive
Loss (Gain)
 
Amount of Loss
(Gain) Recognized
in Other
Comprehensive
Loss on Derivatives
(Effective Portion)(1)
 
Amount of (Loss) Gain
Reclassified from
Accumulated Other
Comprehensive Loss
into Statement of Operations
(Effective Portion)(2)
 
Ending
Accumulated Other
Comprehensive
Loss (Gain)
Nine Months Ended September 30, 2018
 
 
 
 
 
 
 
Foreign currency cash flow hedges
$
2.2

 
$
(7.3
)
 
$
5.1

 
$
—

Foreign currency net investment hedges
0.7

 
(1.0
)
 
—

 
(0.3
)
Interest rate cash flow hedges
(22.5
)
 
(30.3
)
 
7.3

 
(45.5
)
 
$
(19.6
)
 
$
(38.6
)
1 
$
12.4

2 
$
(45.8
)
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2017
 
 
 
 
 
 
 
Foreign currency cash flow hedges
$
0.9

 
$
10.4

 
$
(9.8
)
 
$
1.5

Foreign currency net investment hedges
(1.9
)
 
2.0

 
—

 
0.1

Interest rate cash flow hedges
(16.4
)
 
11.3

 
(1.6
)
 
(6.7
)
 
$
(17.4
)
 
$
23.7

1 
$
(11.4
)
2 
$
(5.1
)
(1) Amount is net of related income tax expense (benefit) of $7.1 million and $(4.3) million for the nine months ended September 30, 2018 and September 30, 2017, respectively.
(2) Amount is net of related income tax (expense) benefit of $(1.8) million and $5.5 million for the nine months ended September 30, 2018 and September 30, 2017, respectively.