Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Effect of Net Investment Hedges on AOCI

The effect of our net investment hedges on AOCI for the year ended December 31, 2019, and 2018 was as follows:

							Gain (Loss) Reclassified
	Gain (Loss) Recognized in OCI					Location of Gain (Loss) Reclassified	from AOCI into Income
	Year Ended December 31,					from AOCI into Income	Year Ended December 31,
Instrument	2019			2018			2019		2018
Euro Notes	$	22.9		$	45.4	Interest and other (income) expenses, net	$	—	$	—
Cross-currency swaps		(9.0	)		—	Interest and other (income) expenses, net		8.7		—

Impact of Changes in Fair Values of Derivatives Designated as Cash Flow Hedges on OCI, AOCI and Earnings

The following tables present the impact that changes in the fair values of derivatives designated as cash flow hedges had on OCI, AOCI and earnings for the year ended December 31, 2019, and 2018:

						Gain Reclassified
	Gain Recognized in OCI					from AOCI into Income
	Year Ended December 31,				Location of Gain Reclassified	Year Ended December 31,
Instrument	2019		2018		from AOCI into Income	2019		2018
Cross-currency swaps	$	7.3	$	—	Interest and other (income) expenses, net	$	8.3	$	—

Effect of Forward Contracts not Designated as Hedging Instrument

The effect of our forward contracts that are not designated as hedging instruments on the consolidated statements of operations for the year ended December 31, 2019 was as follows:

	Location of Gain	Amount of Gain Recognized in Income
Instrument	Recognized in Income	Year Ended December 31,
		2019		2018
Foreign currency forward contracts	Interest and other (income) expenses, net	$	11.9	$	—

Fair Value of Derivative and Non-Derivative Assets and Liabilities on the Consolidated Balance Sheets

The following tables present the fair value of derivative and non-derivative assets and liabilities on the Consolidated Balance Sheets as of December 31, 2019, and 2018:

	Assets
		December 31,
	Balance Sheet Location	2019		2018
Instruments designated as cash flow hedges:
Cross-currency swaps	Prepaid expenses and other assets	$	9.7	$	—
Instruments not designated as hedges:
Foreign currency forward contracts	Accounts receivable, net		—		0.1
Total instruments		$	9.7	$	0.1

	Liabilities
		December 31,
	Balance Sheet Location	2019		2018
Instruments designated as net investment hedges:
Euro Notes	Long-term debt	$	1,002.9	$	1,024.6
Cross-currency swaps	Accrued liabilities		6.0		—
Instruments not designated as hedges:
Foreign currency forward contracts	Accrued liabilities		—		0.1
Total instruments		$	1,008.9	$	1,024.7