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Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2017
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 designated as cash flow hedges on the Company’s Condensed Consolidated Financial Statements for the three months ended March 31, 2017 and 2016:
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 March 31, 2017
 
 
 
Foreign exchange contracts
$
0.1

 
$
—

Three Months Ended March 31, 2016
 
 
 
Foreign exchange contracts
$
0.5

 
$
(0.1
)
Derivative Assets and Liabilities Measured at Fair Value
The derivative assets and liabilities measured at fair value on a recurring basis as of March 31, 2017 and December 31, 2016 were as follows:
 
Balance Sheet Location
Total
 
Level 1
 
Level 2
 
Level 3
 
 
(in millions)
March 31, 2017
 
 
 
 
 
 
 
 
Interest rate swap agreements (asset position)
Other noncurrent assets
$
0.3

 
$
—

 
$
0.3

 
$
—

Interest rate swap agreements (liability position)
Other current liabilities
$
0.4

 
$
—

 
$
0.4

 
$
—

December 31, 2016
 
 
 
 
 
 
 
 
Foreign currency forward contracts (liability position)
Other current liabilities
$
0.6

 
$
—

 
$
0.6

 
$
—