Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis

Assets and liabilities of the Company measured at fair value on a recurring basis as of December 31, 2021, are summarized as follows:

			Fair Value Measurements at Reporting Date Using
Description	December 31, 2021		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents:
Money market funds	$	55.4	$	55.4	$	—	$	—
Commercial paper		0.1		—		0.1		—
U.S. treasury obligations		175.0		—		175.0		—
Available-for-sale securities:
Time deposits and certificates of deposit		22.0		—		22.0		—
Bankers' acceptance drafts		0.5		—		0.5		—
Commercial paper		41.8		—		41.8		—
U.S. treasury obligations		11.5		—		11.5		—
U.S. agency obligations		0.6		—		0.6		—
Group insurance contracts		6.2		—		6.2		—
Derivatives-foreign exchange forward contracts		3.5		—		3.5		—
Derivatives-foreign currency options		3.4		—		3.4		—
Derivatives-interest rate hedge-non-current		8.7		—		8.7		—
Funds in investments and other assets:
Israeli pension assets		20.3		—		20.3		—
Deferred compensation plan assets:
Mutual funds and exchange traded funds		1.6		—		1.6		—
Total assets	$	350.6	$	55.4	$	295.2	$	—
Liabilities:
Derivatives – forward exchange contracts	$	0.6	$	—	$	0.6	$	—
Derivatives – interest rate hedge – non-current		5.0		—		5.0		—
Total liabilities	$	5.6	$	—	$	5.6	$	—
Reported as follows:
Assets:
Cash and cash equivalents	$	230.5	$	55.4	$	175.1	$	—
Short-term investments		76.4		—		76.4		—
Other current assets		6.9		—		6.9		—
Total current assets	$	313.8	$	55.4	$	258.4	$	—
Long-term investments	$	6.2	$	—	$	6.2	$	—
Other assets		30.6		—		30.6		—
Total long-term assets	$	36.8	$	—	$	36.8	$	—
Liabilities:
Other current liabilities	$	0.6	$	—	$	0.6	$	—
Other liabilities	$	5.0	$	—	$	5.0	$	—

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

			Fair Value Measurements at Reporting Date Using
Description	December 31, 2020		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents:
Money market funds	$	1.3	$	1.3	$	—	$	—
Commercial paper		0.3		—		0.3		—
U.S. treasury obligations		62.1		—		62.1		—
Available-for-sale securities:
Time deposits and certificates of deposit		0.7		—		0.7		—
Bankers' acceptance drafts		3.8		—		3.8		—
U.S. treasury obligations		223.2		—		223.2		—
Group insurance contracts		6.5		—		6.5		—
Funds in investments and other assets:
Israeli pension assets		18.8		—		18.8		—
Deferred compensation plan assets:
Mutual funds and exchange traded funds		1.7		—		1.7		—
Total assets	$	318.4	$	1.3	$	317.1	$	—
Liabilities:
Derivatives – forward exchange contracts	$	6.5	$	—	$	6.5	$	—
Derivatives – interest rate hedge – non-current		14.0		—		14.0		—
Total liabilities	$	20.5	$	—	$	20.5	$	—
Reported as follows:
Assets:
Cash and cash equivalents	$	63.7	$	1.3	$	62.4	$	—
Short-term investments		227.7		—		227.7		—
Total current assets	$	291.4	$	1.3	$	290.1	$	—
Long-term investments	$	6.5	$	—	$	6.5	$	—
Other assets		20.5		—		20.5		—
Total long-term assets	$	27.0	$	—	$	27.0	$	—
Liabilities:
Other current liabilities	$	6.5	$	—	$	6.5	$	—
Other liabilities	$	14.0	$	—	$	14.0	$	—