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Fair Value Disclosure (Tables)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Fair Value Disclosures [Abstract]    
Fair Value Measurements, Recurring and Nonrecurring
The following tables show our assets and liabilities that are measured at fair value on a recurring basis (in millions):
Assets
September 30
2016
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
 
Significant Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Interest rate derivatives (1)
$
4.8

 
$

 
$
4.8

 
$

Foreign exchange rate derivatives (1)
6.7

 

 
6.7

 

Available-for-sale equity securities
6.0

 
6.0

 

 

Liabilities


 
 
 
 
 
 
Interest rate derivatives (1)
5.0

 

 
5.0

 

Foreign exchange rate derivatives (1)
9.4

 

 
9.4

 

Foreign exchange rate derivatives (2)
1.5

 

 
1.5

 

Assets
December 31
2015
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
 
Significant Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Interest rate derivatives (1)
$
1.8

 
$

 
$
1.8

 
$

Foreign exchange rate derivatives (1)
10.2

 

 
10.2

 

Foreign exchange rate derivatives (2)
0.8

 

 
0.8

 

Available-for-sale equity securities
3.3

 
3.3

 

 

 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Interest rate derivatives (1)
1.2

 

 
1.2

 

Foreign exchange rate derivatives (1)
0.2

 

 
0.2

 

Foreign exchange rate derivatives (2)
2.4

 

 
2.4

 

_________
(1) Designated as hedges.
(2) Not designated as hedges.

We base our valuations of available-for-sale equity securities on their quoted prices on an active exchange. We value derivatives using a pricing model with inputs (such as yield curves and foreign currency rates) that are observable in the market or that can be derived principally from observable market data.
 
Derivative Instruments, Gain (Loss) [Table Text Block]  
 
 
 
 
Three Months Ended
September 30
 
Nine Months Ended
September 30
Derivative Designation
 
Location of Loss (Gain) Recognized
 
2016
 
2015
 
2016
 
2015
Fair value hedges (1)
 
Interest expense
 
$
2.6

 
$
(4.4
)
 
$
(3.3
)
 
$
(5.3
)
Cash flow hedges
 
Other comprehensive (income) loss (effective portion)
 
(2.8
)
 
(0.5
)
 
(26.8
)
 
2.0

Cash flow hedges
 
Interest expense (effective portion reclassified from accumulated other comprehensive loss)
 
1.7

 
1.4

 
5.1

 
4.1

Cash flow hedges
 
Operating lease expense (effective portion reclassified from accumulated other comprehensive loss)
 
0.7

 
0.1

 
1.1

 
0.3

Cash flow hedges (2)
 
Other (income) expense (effective portion reclassified from accumulated other comprehensive loss)
 
3.3

 
0.8

 
13.6

 
5.0

Non-designated (3)
 
Other (income) expense
 
2.2

 
(0.6
)
 
(0.1
)
 
(6.4
)