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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2015
Fair Value Disclosures [Abstract]  
Fair Value Of Derivative Instruments
The table below sets forth the fair value of derivative instruments as of March 31, 2015 (in millions):
 
Asset Derivatives as of
March 31, 2015
 
 
Liability Derivatives as of
March 31, 2015
 
Balance Sheet
Location
 
Fair
Value
 
 
Balance Sheet
Location
 
Fair
Value
Derivative instruments designated as hedging instruments:
 
 
 

 
 
 
 
 

Foreign currency contracts
Other current assets
 
$

 
 
Other current liabilities
 
$
1.8

Derivative instruments not designated as hedging instruments:
 
 
 
 
 
 
 
 
Foreign currency contracts
Other current assets
 
12.9

 
 
Other current liabilities
 
22.8

Total derivative instruments
 
 
$
12.9

 
 
 
 
$
24.6


The table below sets forth the fair value of derivative instruments as of December 31, 2014 (in millions):
 
Asset Derivatives as of
December 31, 2014
 
 
Liability Derivatives as of
December 31, 2014
 
Balance Sheet
Location
 
Fair
Value
 
 
Balance Sheet
Location
 
Fair
Value
Derivative instruments designated as hedging instruments:
 
 
 

 
 
 
 
 

Foreign currency contracts
Other current assets
 
$

 
 
Other current liabilities
 
$
0.2

Derivative instruments not designated as hedging instruments:
 
 
 
 
 
 
 
 
Foreign currency contracts
Other current assets
 
11.3

 
 
Other current liabilities
 
20.3

Total derivative instruments
 
 
$
11.3

 
 
 
 
$
20.5

Foreign currency contracts measured at fair value on a recurring basis as of March 31, 2015 and December 31, 2014 are summarized below (in millions):
 
As of March 31, 2015
 
Level 1
Level 2
Level 3
Total
Derivative assets
$

$
12.9

$

$
12.9

Derivative liabilities
$

$
24.6

$

$
24.6


 
As of December 31, 2014
 
Level 1
Level 2
Level 3
Total
Derivative assets
$

$
11.3

$

$
11.3

Derivative liabilities
$

$
20.5

$

$
20.5