Derivative Instruments, Hedging Activities and Fair Value (Tables)

3 Months Ended

Mar. 31, 2014

Derivative Instruments, Hedging Activities And Fair Value Disclosure [Abstract]

Schedule of fair value of outstanding derivative contracts

The fair values of outstanding derivative contracts recorded as assets and liabilities on the Condensed Consolidated Balance Sheets at March 31, 2014 and December 31, 2013 were as follows:

	Asset Derivatives			Liability Derivatives
(In thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
March 31, 2014
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts	Other current assets	$	52	Other current liabilities	$	45
Cross-currency interest rate swaps	Other assets	24,046		Other liabilities	17,412
Total derivatives designated as hedging instruments		$	24,098		$	17,457
Derivatives not designated as hedging instruments:
Foreign currency forward exchange contracts	Other current assets	$	3,729	Other current liabilities	$	2,770

	Asset Derivatives			Liability Derivatives
(In thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
December 31, 2013
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts	Other current assets	$	40	Other current liabilities	$	17
Cross-currency interest rate swaps	Other assets	26,001		Other liabilities	13,410
Total derivatives designated as hedging instruments		$	26,041		$	13,427
Derivatives not designated as hedging instruments:
Foreign currency forward exchange contracts	Other current assets	$	1,216	Other current liabilities	$	3,267

Schedule of effect of derivative instruments

The effect of derivative instruments on the Condensed Consolidated Statements of Operations and the Condensed Consolidated Statements of Comprehensive Income for the three months endedMarch 31, 2014 and 2013 was as follows:

Derivatives Designated as Hedging Instruments

(In thousands)	Amount of  Gain (Loss) Recognized in Other Comprehensive Income  (“OCI”)  on Derivative - Effective  Portion			Location of Gain (Loss) Reclassified from Accumulated OCI into Income - Effective Portion	Amount of Gain (Loss) Reclassified  from Accumulated OCI into  Income - Effective  Portion			Location of Gain (Loss) Recognized  in Income on  Derivative - Ineffective Portion and Amount Excluded from Effectiveness Testing	Amount of  Gain (Loss)  Recognized  in Income  on Derivative - Ineffective  Portion and  Amount Excluded from Effectiveness  Testing
Three Months Ended March 31, 2014:
Foreign currency forward exchange contracts	$	11		Cost of services and products sold	$	(2	)		$	—
Cross-currency interest rate swaps	(4,360		)		—			Cost of services and products sold	(1,574		)	(a)
	$	(4,349	)		$	(2	)		$	(1,574	)
Three Months Ended March 31, 2013:
Foreign currency forward exchange contracts	$	5		Cost of services and products sold	$	(6	)		$	—
Cross-currency interest rate swaps	2,493				—			Cost of services and products sold	20,453			(a)
	$	2,498			$	(6	)		$	20,453

(a)  These gains (losses) offset foreign currency fluctuation effects on the debt principal.

Derivatives Not Designated as Hedging Instruments

	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivative for the Three Months Ended March 31 (a)
(In thousands)		2014		2013
Foreign currency forward exchange contracts	Cost of services and products sold	$	1,556	$	2,059

(a)  These gains (losses) offset amounts recognized in cost of services and products sold principally as a result of intercompany or third party foreign currency exposures.

Summary of notional amount of foreign currency exchange contracts and cross-currency interest rate swaps

The following tables summarize, by major currency, the contractual amounts of the Company’s foreign currency forward exchange contracts in U.S. dollars at March 31, 2014 and December 31, 2013.  The “Buy” amounts represent the U.S. dollar equivalent of commitments to purchase foreign currencies, and the “Sell” amounts represent the U.S. dollar equivalent of commitments to sell foreign currencies.  The recognized gains and losses offset amounts recognized in cost of services and products sold principally as a result of intercompany or third party foreign currency exposures.

Contracted Amounts of Foreign Currency Forward Exchange Contracts Outstanding at March 31, 2014:

(In thousands)	Type	U.S. Dollar Equivalent		Maturity	Recognized Gain (Loss)
British pounds sterling	Sell	$	27,256	April 2014	$	(76	)
British pounds sterling	Buy	10,144		April 2014	45
Euros	Sell	252,913		April 2014 through July 2014	3,258
Euros	Buy	243,761		April 2014 through September 2014	(2,455		)
Other currencies	Sell	16,289		April 2014 through August 2014	52
Other currencies	Buy	10,827		April 2014 through August 2014	142
Total		$	561,190		$	966

Included in the contracted amounts of foreign currency exchange forward contracts outstanding at March 31, 2014 are $125.0 million of foreign currency exchange forward contracts entered into by the Company under the Transition Services Agreement with Brand. The Company has recognized a $0.1 million mark-to-market liability associated with these foreign currency exchange forward contracts.

Contracted Amounts of Foreign Currency Forward Exchange Contracts Outstanding at December 31, 2013:

(In thousands)	Type	U.S. Dollar Equivalent		Maturity	Recognized Gain (Loss)
British pounds sterling	Sell	$	26,931	January 2014	$	(277	)
British pounds sterling	Buy	1,976		January 2014	15
Euros	Sell	248,943		January 2014 through July 2014	(335		)
Euros	Buy	242,385		January 2014 through March 2014	(1,335		)
Other currencies	Sell	12,708		January 2014 through July 2014	(134		)
Other currencies	Buy	8,907		January 2014 through August 2014	38
Total		$	541,850		$	(2,028	)

The following table indicates the contractual amounts of the Company's cross-currency interest rate swaps at March 31, 2014:

			Interest Rates
(In millions)	Contractual Amount		Receive	Pay
Maturing 2018	$	250.0	Fixed U.S. dollar rate	Fixed euro rate
Maturing 2020	220.0		Fixed U.S. dollar rate	Fixed British pound sterling rate
Maturing 2016 through 2017	10.2		Floating U.S. dollar rate	Fixed rupee rate

Schedule of fair value of financial instruments

The following table indicates the fair value hierarchy of the financial instruments of the Company at March 31, 2014 and December 31, 2013:

Level 2 Fair Value Measurements (In thousands)	March 31 2014		December 31 2013
Assets
Foreign currency forward exchange contracts	$	3,781	$	1,256
Cross-currency interest rate swaps	24,046		26,001
Liabilities
Foreign currency forward exchange contracts	2,815		3,284
Cross-currency interest rate swaps	17,412		13,410

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table reconciles the beginning and ending balances for liabilities measured on a recurring basis using unobservable inputs (Level 3) for three months endedMarch 31, 2014:

Level 3 Liabilities—Unit Adjustment Liability (a) for the Three Months Ended March 31 (b) (In thousands)	2014
Balance at December 31, 2013	$	106,343
Payments	(5,580		)
Change in fair value to unit adjustment liability	2,546
Balance at March 31, 2014	$	103,308

(a) See Note 5, Equity Method Investments, for additional information related to the unit adjustment liability.

(b) Does not total due to rounding.