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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2019
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 foreign currency forward contracts, interest rate swaps and cross-currency interest rate swaps designated as cash flow hedges on the Condensed Consolidated Financial Statements for the three and nine months ended September 30, 2019 and 2018:
Type of instrument:
Gain (Loss)
Recognized in OCI
on Derivative
(Effective Portion)
 
Gain (Loss)
Reclassified from
Accumulated OCI
into Income
(Effective Portion)
 
(in millions)
Three Months Ended September 30, 2019
 
 
 
Foreign exchange contracts
$
(0.3
)
 
$
—

Interest rate swaps
$
(1.3
)
 
$
0.2

Cross-currency interest rate swaps
$
4.2

 
$
0.4

Three Months Ended September 30, 2018
 
 
 
Foreign exchange contracts
$
0.6

 
$
—

Interest rate swaps
$
1.3

 
$
(0.4
)
 
 
 
 
Nine Months Ended September 30, 2019
 
 
 
Foreign exchange contracts
$
0.2

 
$
0.3

Interest rate swaps
$
(11.8
)
 
$
1.0

Cross-currency interest rate swaps
$
5.2

 
$
1.4

Nine Months Ended September 30, 2018
 
 
 
Foreign exchange contracts
$
(0.4
)
 
$
0.2

Interest rate swaps
$
9.7

 
$
(0.4
)
Derivative Assets and Liabilities Measured at Fair Value The derivative assets and liabilities measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018 were as follows:
 
Balance Sheet Location
Total
 
Level 1
 
Level 2
 
Level 3
 
 
(in millions)
September 30, 2019
 
 
 
 
 
 
 
 
Foreign currency forward contracts (liability position)
Other current liabilities
$
0.1

 
$
—

 
$
0.1

 
$
—

Interest rate swap agreements (liability position)
Other current liabilities
$
1.7

 
$
—

 
$
1.7

 
$
—

Interest rate swap agreements (liability position)
Other noncurrent accrued liabilities
$
4.0

 
$
—

 
$
4.0

 
$
—

Cross-currency interest rate swap agreements (asset position)
Prepaid and other current assets
$
2.4

 
$
—

 
$
2.4

 
$
—

Cross-currency interest rate swap agreements (asset position)
Other noncurrent assets
$
1.9

 
$
—

 
$
1.9

 
$
—

Cross-currency interest rate swap agreements (liability position)
Other current liabilities
$
0.8

 
$
—

 
$
0.8

 
$
—

Cross-currency interest rate swap agreements (liability position)
Other noncurrent accrued liabilities
$
1.3

 
$
—

 
$
1.3

 
$
—

December 31, 2018
 
 
 
 
 
 
 
 
Interest rate swap agreements (asset position)
Prepaid and other current assets
$
1.9

 
$
—

 
$
1.9

 
$
—

Cross-currency interest rate swap agreements (asset position)
Prepaid and other current assets
$
1.9

 
$
—

 
$
1.9

 
$
—

Interest rate swap agreements (asset position)
Other noncurrent assets
$
2.5

 
$
—

 
$
2.5

 
$
—

Cross-currency interest rate swap agreements (liability position)
Other current liabilities
$
0.3

 
$
—

 
$
0.3

 
$
—

Cross-currency interest rate swap agreements (liability position)
Other noncurrent accrued liabilities
$
2.1

 
$
—

 
$
2.1

 
$
—