• | level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities; |
• | level 2 inputs are inputs other than quoted prices included in level 1 that are observable for the asset or liability either directly (i.e. prices) or indirectly (i.e. derived from prices); and |
• | level 3 inputs are inputs for the asset or liability that are not based on observable market data (i.e. unobservable inputs). |
December 31, 2016 | December 31, 2017 | ||||||||||||||||||||||
Level 1 | Level 2 | Total | Level 1 | Level 2 | Total | ||||||||||||||||||
Assets: | |||||||||||||||||||||||
Derivatives — foreign currency forwards and swaps............................................................................................... | $ | — | $ | 5.9 | $ | 5.9 | $ | — | $ | 12.9 | $ | 12.9 | |||||||||||
Liabilities: | |||||||||||||||||||||||
Derivatives — foreign currency forwards and swaps............................................................................................... | $ | — | $ | (15.5 | ) | $ | (15.5 | ) | $ | — | $ | (2.6 | ) | $ | (2.6 | ) | |||||||