Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Deficit (Tables)

v3.10.0.1
Shareholders' Deficit (Tables)
 6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Summary of Changes in Shareholders' Deficit

Changes in shareholders’ deficit for the six months ended June 30, 2018 were as follows:

 

 

 

Total shareholders’ deficit

 

 

 

(in millions)

 

Balance as of December 31, 2017

 

$

(334.7

)

Net income

 

 

176.5

 

Additional paid-in capital from share-based compensation

 

 

20.2

 

Repurchases of common shares

 

 

(681.4

)

Foreign currency translation adjustment

 

 

(29.6

)

Increase in additional paid-in capital due to issuance of

    2024 Convertible Notes

 

 

136.7

 

Decrease in additional paid-in capital due to repurchase of

    2019 Convertible Notes

 

 

(123.0

)

Increase in additional paid-in capital due to partial unwind

    of Capped Call Transactions

 

 

55.9

 

Balance as of June 30, 2018

 

$

(779.4

)

 
Summary of Changes in Accumulated Other Comprehensive Loss

The following table summarizes changes in accumulated other comprehensive loss by component during the three months ended June 30, 2018 and 2017:

 

 

 

Changes in Accumulated Other Comprehensive Loss by Component

 

 

 

Three Months Ended

 

 

 

June 30,

2018

 

 

June 30,

2017

 

 

 

Foreign Currency Translation Adjustments

 

 

Unrealized Gain (Loss) on Derivatives

 

 

Total

 

 

Foreign Currency Translation Adjustments

 

 

Unrealized Gain (Loss) on Derivatives

 

 

Total

 

 

 

(in millions)

 

Beginning balance

 

$

(149.4

)

 

$

2.1

 

 

$

(147.3

)

 

$

(192.5

)

 

$

2.9

 

 

$

(189.6

)

Other comprehensive (loss) income

    before reclassifications, net of tax

 

 

(50.8

)

 

 

4.4

 

 

 

(46.4

)

 

 

6.7

 

 

 

(4.4

)

 

 

2.3

 

Amounts reclassified from accumulated

    other comprehensive loss

    to income, net of tax(1)

 

 

—

 

 

 

0.1

 

 

 

0.1

 

 

 

—

 

 

 

(1.1

)

 

 

(1.1

)

Total other comprehensive (loss)

    income, net of reclassifications

 

 

(50.8

)

 

 

4.5

 

 

 

(46.3

)

 

 

6.7

 

 

 

(5.5

)

 

 

1.2

 

Ending balance

 

$

(200.2

)

 

$

6.6

 

 

$

(193.6

)

 

$

(185.8

)

 

$

(2.6

)

 

$

(188.4

)

 

(1)

See Note 9, Derivative Instruments and Hedging Activities, for information regarding the location in the condensed consolidated statements of income of gains (losses) reclassified from accumulated other comprehensive loss into income during the three months ended June 30, 2018 and 2017.

The following table summarizes changes in accumulated other comprehensive loss by component during the six months ended June 30, 2018 and 2017:

 

 

 

Changes in Accumulated Other Comprehensive Loss by Component

 

 

 

Six Months Ended

 

 

 

June 30,

2018

 

 

June 30,

2017

 

 

 

Foreign Currency Translation Adjustments

 

 

Unrealized Gain (Loss) on Derivatives

 

 

Total

 

 

Foreign Currency Translation Adjustments

 

 

Unrealized Gain (Loss) on Derivatives

 

 

Total

 

 

 

(in millions)

 

Beginning balance

 

$

(170.6

)

 

$

5.2

 

 

$

(165.4

)

 

$

(215.5

)

 

$

10.4

 

 

$

(205.1

)

Other comprehensive (loss) income

    before reclassifications, net of tax

 

 

(29.6

)

 

 

0.5

 

 

 

(29.1

)

 

 

29.7

 

 

 

(10.5

)

 

 

19.2

 

Amounts reclassified from accumulated

    other comprehensive loss

    to income, net of tax(1)

 

 

—

 

 

 

0.9

 

 

 

0.9

 

 

 

—

 

 

 

(2.5

)

 

 

(2.5

)

Total other comprehensive (loss)

    income, net of reclassifications

 

 

(29.6

)

 

 

1.4

 

 

 

(28.2

)

 

 

29.7

 

 

 

(13.0

)

 

 

16.7

 

Ending balance

 

$

(200.2

)

 

$

6.6

 

 

$

(193.6

)

 

$

(185.8

)

 

$

(2.6

)

 

$

(188.4

)

 

(1)

See Note 9, Derivative Instruments and Hedging Activities, for information regarding the location in the condensed consolidated statements of income of gains (losses) reclassified from accumulated other comprehensive loss into income during the six months ended June 30, 2018 and 2017.