XML 119 R31.htm IDEA: XBRL DOCUMENT v3.20.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis

Assets and liabilities of the Company are measured at fair value on a recurring basis as of March 31, 2020 and are summarized as follows:

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

Description

 

March 31, 2020

 

 

Quoted Prices in

Active Markets for

Identical Assets or

Liabilities

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

16.9

 

 

$

16.9

 

 

$

—

 

 

$

—

 

Commercial paper

 

 

33.8

 

 

 

—

 

 

 

33.8

 

 

 

—

 

U.S. treasury obligations

 

 

1.2

 

 

 

—

 

 

 

1.2

 

 

 

—

 

U.S. agency obligations

 

 

58.4

 

 

 

—

 

 

 

58.4

 

 

 

—

 

Available-for-sale investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Time deposits and certificates of deposit

 

 

10.4

 

 

 

—

 

 

 

10.4

 

 

 

—

 

Bankers' acceptance drafts

 

 

2.4

 

 

 

—

 

 

 

2.4

 

 

 

—

 

Commercial paper

 

 

26.2

 

 

 

—

 

 

 

26.2

 

 

 

—

 

U.S. treasury obligations

 

 

10.0

 

 

 

—

 

 

 

10.0

 

 

 

—

 

U.S. agency obligations

 

 

12.4

 

 

 

—

 

 

 

12.4

 

 

 

—

 

Group insurance contracts

 

 

6.0

 

 

 

—

 

 

 

6.0

 

 

 

—

 

Derivatives – currency forward contracts

 

 

2.7

 

 

 

—

 

 

 

2.7

 

 

 

—

 

Funds in investments and other assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Israeli pension assets

 

 

16.3

 

 

 

—

 

 

 

16.3

 

 

 

—

 

Deferred compensation plan assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mutual funds and exchange traded funds

 

 

1.2

 

 

 

—

 

 

 

1.2

 

 

 

—

 

Money market securities

 

 

0.1

 

 

 

—

 

 

 

0.1

 

 

 

—

 

Total assets

 

$

198.0

 

 

$

16.9

 

 

$

181.1

 

 

$

—

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives – currency forward contracts

 

$

0.5

 

 

$

—

 

 

$

0.5

 

 

$

—

 

Derivatives – interest rate hedge - current

 

 

0.5

 

 

 

—

 

 

 

0.5

 

 

 

—

 

Derivatives – interest rate hedge - non-current

 

 

15.2

 

 

 

—

 

 

 

15.2

 

 

 

—

 

Total liabilities

 

$

16.2

 

 

$

—

 

 

$

16.2

 

 

$

—

 

Reported as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents(1)

 

$

110.3

 

 

$

16.9

 

 

$

93.4

 

 

$

—

 

Short-term investments

 

 

61.4

 

 

 

—

 

 

 

61.4

 

 

 

—

 

Other current assets

 

 

2.7

 

 

 

—

 

 

 

2.7

 

 

 

—

 

Total current assets

 

$

174.4

 

 

$

16.9

 

 

$

157.5

 

 

$

—

 

Long-term investments

 

$

6.0

 

 

$

—

 

 

$

6.0

 

 

$

—

 

Other assets

 

 

17.6

 

 

 

—

 

 

 

17.6

 

 

 

—

 

Total long-term assets

 

$

23.6

 

 

$

—

 

 

$

23.6

 

 

$

—

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other current liabilities

 

$

1.0

 

 

$

—

 

 

$

1.0

 

 

$

—

 

Other liabilities

 

$

15.2

 

 

$

—

 

 

$

15.2

 

 

$

—

 

 

 

(1)

The cash and cash equivalent amounts presented in the table above do not include cash of $331.7 as of March 31, 2020.

Assets and liabilities of the Company are measured at fair value on a recurring basis as of December 31, 2019 and are summarized as follows:

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

Description

 

December 31, 2019

 

 

Quoted Prices in

Active Markets for

Identical Assets or

Liabilities

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

0.6

 

 

$

0.6

 

 

$

—

 

 

$

—

 

Time deposits and certificates of deposit

 

 

2.2

 

 

 

—

 

 

 

2.2

 

 

 

—

 

Commercial paper

 

 

42.6

 

 

 

—

 

 

 

42.6

 

 

 

—

 

U.S. treasury obligations

 

 

2.7

 

 

 

—

 

 

 

2.7

 

 

 

—

 

U.S. agency obligations

 

 

17.1

 

 

 

—

 

 

 

17.1

 

 

 

—

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Time deposits and certificates of deposit

 

 

13.1

 

 

 

—

 

 

 

13.1

 

 

 

—

 

Bankers' acceptance drafts

 

 

4.0

 

 

 

—

 

 

 

4.0

 

 

 

—

 

Commercial paper

 

 

61.2

 

 

 

—

 

 

 

61.2

 

 

 

—

 

U.S. treasury obligations

 

 

5.0

 

 

 

—

 

 

 

5.0

 

 

 

—

 

U.S. agency obligations

 

 

26.1

 

 

 

—

 

 

 

26.1

 

 

 

—

 

Group insurance contracts

 

 

5.8

 

 

 

—

 

 

 

5.8

 

 

 

—

 

Derivatives – currency forward contracts

 

 

1.1

 

 

 

—

 

 

 

1.1

 

 

 

—

 

Derivatives –interest rate hedge - current

 

 

0.8

 

 

 

—

 

 

 

0.8

 

 

 

—

 

Funds in investments and other assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Israeli pension assets

 

 

16.7

 

 

 

—

 

 

 

16.7

 

 

 

—

 

Deferred compensation plan assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mutual funds and exchange traded funds

 

 

2.0

 

 

 

—

 

 

 

2.0

 

 

 

—

 

Money market funds

 

 

0.5

 

 

 

—

 

 

 

0.5

 

 

 

—

 

Total assets

 

$

201.5

 

 

$

0.6

 

 

$

200.9

 

 

$

—

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives – currency forward contracts

 

$

0.3

 

 

$

—

 

 

$

0.3

 

 

$

—

 

Derivatives – interest rate hedge - non-current

 

 

6.5

 

 

 

—

 

 

 

6.5

 

 

 

—

 

Total liabilities

 

$

6.8

 

 

$

—

 

 

$

6.8

 

 

$

—

 

Reported as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents(1)

 

$

65.2

 

 

$

0.6

 

 

$

64.6

 

 

$

—

 

Short-term investments

 

 

109.4

 

 

 

—

 

 

 

109.4

 

 

 

—

 

Other current assets

 

 

1.9

 

 

 

—

 

 

 

1.9

 

 

 

—

 

Total current assets

 

$

176.5

 

 

$

0.6

 

 

$

175.9

 

 

$

—

 

Long-term investments

 

$

5.8

 

 

$

—

 

 

$

5.8

 

 

$

—

 

Other assets

 

 

19.2

 

 

 

—

 

 

 

19.2

 

 

 

—

 

Total long-term assets

 

$

25.0

 

 

$

—

 

 

$

25.0

 

 

$

—

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other current liabilities

 

$

0.3

 

 

$

—

 

 

$

0.3

 

 

$

—

 

Other liabilities

 

$

6.5

 

 

$

—

 

 

$

6.5

 

 

$

—

 

 

 

(1)

The cash and cash equivalent amounts presented in the table above do not include cash of $349.4 as of December 31, 2019.