Fair Value Measurement of Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Fair Value Measurement of Assets and Liabilities

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

	As of September 30, 2018
			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	$	38.1	$	-	$	38.1	$	-
Interest rate swaps		35.3		-		35.3		-
Total Assets	$	73.4	$	-	$	73.4	$	-
Liabilities
Derivatives, current and long-term
Foreign currency forward contracts	$	1.3	$	-	$	1.3	$	-
Interest rate swaps		4.0		-		4.0		-
Contingent payments related to acquisitions		21.2		-				21.2
Total Liabilities	$	26.5	$	-	$	5.3	$	21.2

	As of December 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	$	1.6	$	-	$	1.6	$	-
Interest rate swaps		4.5		-		4.5		-
Total Assets	$	6.1	$	-	$	6.1	$	-
Liabilities
Derivatives, current and long-term
Foreign currency forward contracts	$	50.9	$	-	$	50.9	$	-
Contingent payments related to acquisitions		41.0		-		-		41.0
Total Liabilities	$	91.9	$	-	$	50.9	$	41.0

Summary of Reconciliation of Items Measured at Fair Value on Recurring Basis

The following table provides a reconciliation of the beginning and ending balances of items measured at fair value on a recurring basis in the tables above that used significant unobservable inputs (Level 3) (in millions):

	Level 3 - Liabilities
Contingent payments related to acquisitions
Beginning balance December 31, 2017	$	41.0
Change in estimate		(2.0	)
Settlements		(17.8	)
Ending balance September 30, 2018	$	21.2