Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis are summarized as follows:

	Fair Value Measurements as of
	June 30, 2020		December 31, 2019
	(in millions)
Assets
Time deposits	$	30.1	$	22.9
Foreign currency derivatives	23.7		12.3
Deferred compensation assets	10.3		10.9
	$	64.1	$	46.1
Liabilities
Deferred compensation liabilities	$	10.5	$	11.3
Foreign currency derivatives	—		0.6
	$	10.5	$	11.9

Schedule of Carrying Value of Financial Instruments

The carrying values of our significant financial instruments reflected in the Consolidated Balance Sheets approximated their respective fair values except for the following instruments:

	June 30, 2020				December 31, 2019
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(in millions)
Long-term debt	$	494.2	$	496.5	$	629.3	$	658.0