Herbalife Ltd. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments and Hedging Activities (Tables)

Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2018

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Gains (Losses) Relating to Derivative Instruments Recorded in Other Comprehensive Income (loss)

The following table summarizes gains (losses) relating to derivative instruments recorded in other comprehensive income (loss) during the three months ended March 31, 2018 and 2017:

	Amount of Loss Recognized in Accumulated Other Comprehensive Loss
	Three Months Ended
	March 31, 2018			March 31, 2017
	(in millions)
Derivatives designated as hedging instruments:
Foreign exchange currency contracts relating to inventory and intercompany management fee hedges	$	(4.0	)	$	(6.1	)

Gains (Losses) Relating to Derivative Instruments Recorded to Income

The following table summarizes gains (losses) relating to derivative instruments recorded to income during the three months ended March 31, 2018 and 2017:

	Amount of Loss Recognized in Income
	Three Months Ended
	March 31, 2018			March 31, 2017			Location of Loss Recognized in Income
	(in millions)
Derivatives designated as hedging instruments:
Foreign exchange currency contracts relating to inventory and intercompany management fee hedges(1)	$	(2.0	)	$	(0.5	)	Selling, general, and administrative expenses
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	$	(2.7	)	$	(1.3	)	Selling, general, and administrative expenses

(1)	For foreign exchange contracts designated as hedging instruments, the amounts recognized in income primarily represent the amounts excluded from the assessment of hedge effectiveness. There were no material ineffective amounts reported for derivatives designated as hedging instruments.

Gains (Losses) Relating to Derivative Instruments Reclassified from Accumulated Other Comprehensive Loss into Income Effective Portion

The following table summarizes gains (losses) relating to derivative instruments reclassified from accumulated other comprehensive loss into income during the three months ended March 31, 2018 and 2017:

	Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss to Income
	Three Months Ended
	March 31, 2018			March 31, 2017		Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss to Income (Effective Portion)
	(in millions)
Derivatives designated as hedging instruments:
Foreign exchange currency contracts relating to inventory hedges	$	0.5		$	0.9	Cost of sales
Foreign exchange currency contracts relating to intercompany management fee hedges	$	(2.4	)	$	0.5	Selling, general, and administrative expenses