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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Foreign currency forward contracts that were entered into to hedge forecasted revenue
 
Notional Amount
As of December 31,
Foreign Currency: (In millions)
2016
 
2015
Euro
$
871.7

 
$
945.5

Swiss francs

 
80.8

Canadian dollar

 
76.7

Total foreign currency forward contracts
$
871.7

 
$
1,103.0

Summary of the effect of derivatives designated as hedging instruments on our consolidated statements of income
For the Years Ended December 31,
Net Gains/(Losses)
Reclassified from AOCI into Net Income
(Effective Portion)
 
Net Gains/(Losses)
Recognized into Net Income
(Ineffective Portion)
Location
 
2016
 
2015
 
2014
 
Location
 
2016
 
2015
 
2014
Revenue
 
$
5.3

 
$
173.2

 
$
6.8

 
Other income (expense)
 
$
2.9

 
$
4.9

 
$
(1.5
)
Operating expenses
 
$
(1.5
)
 
$

 
$

 
Other income (expense)
 
$
0.1

 
$

 
$

Summary of the fair value for our outstanding derivatives
(In millions)
Balance Sheet Location
Fair Value
As of December 31, 2016
Hedging Instruments:
 
 
Asset derivatives
Other current assets
$
50.4

 
Investments and other assets
$
6.6

Liability derivatives
Other long-term liabilities
$
4.6

Other Derivatives:
 
 
Asset derivatives
Other current assets
$
4.0

Liability derivatives
Accrued expenses and other
$
9.0

(In millions)
Balance Sheet Location
Fair Value
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