Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Assets
Time deposits	$ 36.1	$ 22.9
Foreign currency derivatives	9.6	12.3
Deferred compensation assets	6.8	10.9
Assets	52.5	46.1
Liabilities
Deferred compensation liabilities	7.0	11.3
Foreign currency derivatives	0.0	0.6
Liabilities	$ 7.0	$ 11.9

Deferred Compensation Assets, Fair Value

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- Definition

Fair value portion of trade and related party payables and accrued expenses.

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- Definition

Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
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- Definition

Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.

+ References

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Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
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-Publisher FASB
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Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Fair value of financial and nonfinancial obligations.

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