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425
FIDELITY NATIONAL INFORMATION SERVICES, INC. filed this Form 425 on 05/13/2019
Entire Document
 


Worldpay, Inc.

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (continued)

 

12. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The activity of the components of accumulated other comprehensive income (loss) (“AOCI”) related to hedging and other activities for the three months ended March 31, 2019 and 2018 is presented below (in millions):

 

           Total Other Comprehensive Income (Loss)  
     AOCI
Beginning
Balance
    Pretax
Activity
    Tax Effect     Net Activity     Attributable to
non-controlling
interests
    Attributable to
Worldpay, Inc.
    AOCI Ending
Balance
 

Three Months Ended March 31, 2019

              

Net change in fair value of cash flow hedges recorded in accumulated OCI

   $ (18.0   $ (9.4   $ 2.2     $ (7.2   $ 0.2     $ (7.0   $ (25.0

Net realized loss on cash flow hedges reclassified into earnings (1)

     15.9       (2.2     0.5       (1.7     —         (1.7     14.2  

Translation adjustments on net investment hedge recorded in AOCI (2)

     52.2       (3.5     0.7       (2.8     0.4       (2.4     49.8  

Foreign currency translation adjustments (3)

     (781.3     182.0       —         182.0       (8.6     173.4       (607.9
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change

   $ (731.2   $ 166.9     $ 3.4     $ 170.3     $ (8.0   $ 162.3     $ (568.9
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Three Months Ended March 31, 2018

              

Net change in fair value of cash flow hedges recorded in accumulated OCI

   $ (13.8   $ 6.3     $ (1.5   $ 4.8     $ (0.4   $ 4.4     $ (9.4

Net realized loss on cash flow hedges reclassified into earnings (1)

     16.7       0.6       (0.1     0.5       —         0.5       17.2  

Translation adjustments on net investment hedge recorded in AOCI (2)

     —         (7.5     2.0       (5.5     0.4       (5.1     (5.1

Foreign currency translation adjustments (3)

     —         22.2       —         22.2       (1.1     21.1       21.1  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change

   $ 2.9     $ 21.6     $ 0.4     $ 22.0     $ (1.1   $ 20.9     $ 23.8  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) 

The reclassification adjustment on cash flow hedge derivatives affected the following lines in the accompanying consolidated statements of income:

 

OCI Component

  

Affected line in the accompanying consolidated statements of income

Pretax activity(a)    Interest expense-net
Tax effect    Income tax expense
OCI attributable to non-controlling interests    Net income attributable to non-controlling interests

 

  (a) 

The three months ended March 31, 2019 and 2018, reflect amounts of losses reclassified from AOCI into earnings, representing the effective portion of the hedging relationships, and are recorded in interest expense-net.

 

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