Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2016

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 and operating expenses is summarized as follows:

	Notional Amount
Foreign Currency: (In millions)	As of June 30, 2016		As of December 31, 2015
Euro	$	1,126.5	$	945.5
Swiss francs	43.5		80.8
Canadian dollar	39.9		76.7
Total foreign currency forward contracts	$	1,209.9	$	1,103.0

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

The following tables summarize the effect of foreign currency forward contracts designated as hedging instruments on our condensed consolidated statements of income:

For the Three Months Ended June 30,
Net Gains/(Losses) Reclassified from AOCI into Operating Income (Effective Portion)						Net Gains/(Losses) Recognized into Net Income (Ineffective Portion)
Location	2016			2015		Location	2016		2015
Revenue	$	(4.3	)	$	40.4	Other income (expense)	$	2.1	$	1.2
Operating expenses	$	(0.1	)	$	—	Other income (expense)	$	—	$	—

For the Six Months Ended June 30,
Net Gains/(Losses) Reclassified from AOCI into Operating Income (Effective Portion)						Net Gains/(Losses) Recognized into Net Income (Ineffective Portion)
Location	2016			2015		Location	2016			2015
Revenue	$	4.5		$	75.4	Other income (expense)	$	4.0		$	3.4
Operating expenses	$	(0.2	)	$	—	Other income (expense)	$	(0.3	)	$	—

Summary of fair value and presentation of derivatives

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

		Fair Value
(In millions)	Balance Sheet Location	As of June 30, 2016
Hedging Instruments:
Asset derivatives	Other current assets	$	2.0
	Investments and other assets	$	23.6
Liability derivatives	Accrued expenses and other	$	14.8
	Other long-term liabilities	$	—
Other Derivatives:
Asset derivatives	Other current assets	$	4.5
Liability derivatives	Accrued expenses and other	$	10.0
		Fair Value
(In millions)	Balance Sheet Location	As of December 31, 2015
Hedging Instruments:
Asset derivatives	Other current assets	$	16.6
	Investments and other assets	$	0.3
Liability derivatives	Accrued expenses and other	$	10.2
	Other long-term liabilities	$	2.5
Other Derivatives:
Asset derivatives	Other current assets	$	10.3
Liability derivatives	Accrued expenses and other	$	2.0