Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2018

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 and interest rate swaps designated as cash flow hedges on the Company’s Condensed Consolidated Financial Statements for the three and six months ended June 30, 2018 and 2017:

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 June 30, 2018
Foreign exchange contracts	$	(0.8	)	$	0.2
Interest rate swaps	$	2.6		$	—
Three Months Ended June 30, 2017
Foreign exchange contracts	$	0.6		$	(0.4	)
Interest rate swaps	$	(2.5	)	$	—
Six Months Ended June 30, 2018
Foreign exchange contracts	$	(1.0	)	$	0.2
Interest rate swaps	$	8.4		$	—
Six Months Ended June 30, 2017
Foreign exchange contracts	$	0.7		$	(0.4	)
Interest rate swaps	$	(2.5	)	$	—

Derivative Assets and Liabilities Measured at Fair Value

The derivative assets and liabilities measured at fair value on a recurring basis as of June 30, 2018 and December 31, 2017 were as follows:

	Balance Sheet Location	Total		Level 1		Level 2		Level 3
		(in millions)
June 30, 2018
Foreign currency forward contracts (liability position)	Other current liabilities	$	0.9	$	—	$	0.9	$	—
Interest rate swap agreements (asset position)	Prepaid and other current assets	$	1.3	$	—	$	1.3	$	—
Interest rate swap agreements (asset position)	Other noncurrent assets	$	7.6	$	—	$	7.6	$	—
December 31, 2017
Interest rate swap agreements (asset position)	Other noncurrent assets	$	1.7	$	—	$	1.7	$	—
Interest rate swap agreements (liability position)	Other current liabilities	$	1.0	$	—	$	1.0	$	—