Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Foreign currency forward contracts that were entered into to hedge forecasted revenue

The notional value of foreign currency forward contracts that were entered into to hedge forecasted revenues is summarized as follows:

	Notional Amount
Foreign Currency: (In millions)	As of March 31, 2015		As of December 31, 2014
Euro	$	1,482.3	$	1,174.6
Canadian dollar	45.3		56.7
British pound sterling	29.2		34.5
Japanese yen	16.6		16.6
Australian dollar	15.1		19.9
Total foreign currency forward contracts	$	1,588.5	$	1,302.3

Summary of the effect of derivatives designated as hedging instruments on the condensed consolidated statements of income

The following table summarizes the effect of derivatives designated as hedging instruments on our condensed consolidated statements of income:

For the Three Months Ended March 31,
Net Gains/(Losses) Reclassified from AOCI into Operating Income (Effective Portion)						Net Gains/(Losses) Recognized into Net Income (Ineffective Portion)
Location	2015		2014			Location	2015		2014
Revenue	$	35.0	$	(4.7	)	Other income (expense)	$	2.2	$	(0.2	)

Summary of fair value and presentation of derivatives

The following table summarizes the fair value and presentation in our condensed consolidated balance sheets for our outstanding derivatives including those designated as hedging instruments:

(In millions)	Balance Sheet Location	Fair Value As of March 31, 2015
Hedging Instruments:
Asset derivatives	Other current assets	$	160.1
	Investments and other assets	$	6.2
Liability derivatives	Accrued expenses and other	$	1.3
	Other long-term liabilities	$	3.7
Other Derivatives:
Asset derivatives	Other current assets	$	1.9
Liability derivatives	Accrued expenses and other	$	7.6
(In millions)	Balance Sheet Location	Fair Value As of December 31, 2014
Hedging Instruments:
Asset derivatives	Other current assets	$	69.5
	Investments and other assets	$	1.9
Other Derivatives:
Asset derivatives	Other current assets	$	1.3
Liability derivatives	Accrued expenses and other	$	5.4