Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2019

Balance Sheet Classification, Fair Value and Gross and Net Amounts of Derivative Financial Instruments

The following table presents the balance sheet classification, fair value and gross and net amounts of derivative financial instruments:

	March 31, 2019						December 31, 2018
Interest-rate contracts:	Assets			Liabilities			Assets			Liabilities
Other assets	$	2.6					$	4.1
Accounts payable, accrued expenses and other				$	6.4					$	5.3
Gross amounts recognized in Balance Sheets		2.6			6.4			4.1			5.3
Less amounts not offset in financial instruments		(2.1	)		(2.1	)		(2.4	)		(2.4	)
Pro-forma net amount	$	.5		$	4.3		$	1.7		$	2.9

Amount of Expense (Income) on Cash Flow and Fair Value Hedges Recognized on the Statements of Comprehensive Income and Retained Earnings

The following table presents the amount of (income) expense on cash flow and fair value hedges recognized in Interest and other borrowing costs on the Statements of Comprehensive Income and Retained Earnings:

	Three Months Ended
	March 31
	2019			2018
(Gain) loss on fair value hedges
Derivatives	$	(.8	)	$	.8
Hedged items		1.4			(.4	)
Gain on cash flow hedges
Reclassified from AOCI into income		(.8	)		(.1	)
	$	(.2	)	$	.3

Fair Value Hedging

Amounts Recorded on Balance Sheets Related to Cumulative Basis Adjustments for Fair Value Hedges

As of March 31, 2019, the following amounts were recorded on the Balance Sheets related to cumulative basis adjustments for fair value hedges:

			Cumulative Basis Amount
	Carrying Amount of		Included in the
Hedged Balance Sheet Line Item	the Hedged Liabilities		Carrying Amount
Medium-term notes	$	89.5	$	(.5	)

The above table excludes the cumulative basis adjustments on discontinued hedge relationships of $(2.4) as of March 31, 2019.