Fair Value Measurement of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Fair Value Measurement of Assets and Liabilities

The following assets and liabilities are recorded at fair value on a recurring basis (in millions):

	As of March 31, 2017
			Fair Value Measurements at Reporting Date Using:
Description	Recorded Balance		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Derivatives, current and long-term
Foreign currency forward contracts	$	27.9	$	—	$	27.9	$	—
Interest rate swaps		4.6		—		4.6		—
Total Assets	$	32.5	$	—	$	32.5	$	—
Liabilities
Derivatives, current and long-term
Foreign currency forward contracts	$	8.8	$	—	$	8.8	$	—
Contingent payments related to acquisitions		49.6		—		—		49.6
	$	58.4	$	—	$	8.8	$	49.6

	As of December 31, 2016
			Fair Value Measurements at Reporting Date Using:
Description	Recorded Balance		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Derivatives, current and long-term
Foreign currency forward contracts	$	65.3	$	—	$	65.3	$	—
Interest rate swaps		4.0		—		4.0		—
Total Assets	$	69.3	$	—	$	69.3	$	—
Liabilities
Derivatives, current and long-term
Foreign currency forward contracts	$	0.3	$	—	$	0.3	$	—
Contingent payments related to acquisitions		62.8		—		—		62.8
	$	63.1	$	—	$	0.3	$	62.8