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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Effect of Designated Cash Flow Hedges on the Financial Statements
The following table provides the effect of the Company’s designated cash flow hedges on the Company’s Consolidated Financial Statements for the years ended December 31, 2015, 2014 and 2013:
Type of instrument:
Gain (Loss)
Recognized in OCI
on Derivative
(Effective Portion)
 
Gain (Loss)
Reclassified from
Accumulated OCI
into Income
(Effective Portion)
 
(in millions)
2015
 
 
 
Foreign exchange contract
$
(0.5
)
 
$
(3.6
)
2014:
 
 
 
Foreign exchange contract
$
(3.7
)
 
$
(3.0
)
2013:
 
 
 
Foreign exchange contract
$
(2.8
)
 
$
(1.0
)
Derivative Assets and Liabilities Measured at Fair Value
The derivative assets and liabilities measured at fair value on a recurring basis as of December 31, 2015 and December 31, 2014 were as follows:
 
Total
 
Level 1
 
Level 2
 
Level 3
 
(in millions)
December 31, 2015
 
 
 
 
 
 
 
Foreign currency forward contracts (asset position)
$
0.1

 
$

 
$
0.1

 
$

December 31, 2014
 
 
 
 
 
 
 
Foreign currency forward contracts (liability position)
$
3.1

 
$

 
$
3.1

 
$