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FAIR VALUE MEASUREMENT (Tables)
3 Months Ended
Mar. 31, 2020
FAIR VALUE MEASUREMENTS  
Schedule of fair value hierarchy for assets measured at fair value on a recurring basis

The following tables present the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of March 31, 2020 and December 31, 2019 (in millions):

March 31, 2020

    

Total

    

Level 1

    

Level 2

    

Level 3

Assets:

U.S. Treasury securities

$

25.2

$

25.2

$

$

Marketable securities:

Mutual funds

11.8

11.8

Money market funds

 

6.6

 

6.6

 

 

Total assets

$

43.6

$

43.6

$

$

Liabilities:

Contingent consideration liabilities

$

17.5

$

$

$

17.5

Total Liabilities

$

17.5

$

$

$

17.5

December 31, 2019

    

Total

    

Level 1

    

Level 2

    

Level 3

Assets:

U.S. Treasury securities

$

47.6

$

47.6

$

$

Marketable securities:

Mutual funds

15.7

15.7

Money market funds

7.7

7.7

Total assets

$

71.0

$

71.0

$

$

Liabilities:

Contingent consideration liabilities

$

2.2

$

$

$

2.2

Total Liabilities

$

2.2

$

$

$

2.2

Schedule of fair value hierarchy of financial instruments held

The following table presents the Company’s fair value hierarchy for certain assets and liabilities held by the Company as of March 31, 2020 and December 31, 2019 (in millions):

March 31, 2020

    

Total

    

Level 1

    

Level 2

    

Level 3

Assets:

U.S. Treasury securities

$

25.2

$

25.2

$

$

Deferred compensation plan assets

18.4

18.4

Total assets

$

43.6

$

43.6

$

$

Liabilities:

Contingent consideration liabilities

$

17.5

$

$

$

17.5

Deferred compensation plan liabilities

18.4

18.4

Debt

 

868.1

 

 

868.1

 

Total liabilities

$

904.0

$

18.4

$

868.1

$

17.5

December 31, 2019

    

Total

    

Level 1

    

Level 2

    

Level 3

Assets:

U.S. Treasury securities

$

47.6

$

47.6

$

$

Deferred compensation plan assets

23.4

23.4

Total assets

$

71.0

$

71.0

$

$

Liabilities:

Contingent consideration liabilities

$

2.2

$

$

$

2.2

Deferred compensation plan liabilities

23.4

23.4

Debt

 

867.6

 

 

867.6

 

Total liabilities

$

893.2

$

23.4

$

867.6

$

2.2

Summary of changes in the fair value of level 3 financial liabilities

The following table sets forth a summary of changes in the fair value of the Company’s Level 3 financial liabilities during the three months ended March 31, 2020.

Level 3 Financial Liabilities for the Three Months Ended March 31, 2020

Balance at

Realized (gains)

Beginning of

losses during

Balance at

   

Period

period

Additions

    

Settlements

    

End of Period

Liabilities

Contingent consideration liabilities

 

$

2.2

$

$

17.5

 

$

(2.2)

 

$

17.5

Total Liabilities

$

2.2

$

$

17.5

$

(2.2)

$

17.5