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Financial Instruments and Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of carrying amounts and estimated fair values of financial instruments

The following table presents the carrying amounts and estimated fair values of other financial instruments for which fair value is only disclosed (in millions):



	March 31, 2015				December 31, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
A/R Facility	$	—	$	—	$	73.0	$	73.0
Senior Credit Facility	759.3		765.1		1,268.1		1,256.5
7.25% Senior Notes	750.0		783.8		750.0		780.2
4.625% Senior Notes	537.0		531.9		—		—
Due to VWR Holdings — ITRA	163.1		126.0		172.9		132.0

Schedule of changes in recurring fair value measurements with significant unobservable inputs

The following table presents changes in recurring fair value measurements with significant unobservable inputs (Level 3):



	Contingent Consideration
Balance at December 31, 2014	$	11.6
Acquisitions	8.7
Settlements in cash	(1.0		)
Currency translation	(0.2		)
Balance at March 31, 2015	$	19.1

Schedule of information about net investment hedging

The following table presents the balance sheet classification and fair value of the hedging instrument, a Level 2 measurement:



	Balance Sheet Classification	March 31, 2015
4.625% Senior Notes	Debt and capital lease obligations, net of current portion	$	531.9

The following table presents information about the net unrealized gain (loss) recognized in other comprehensive income as a result of net investment hedging:



	Description	Three Months Ended March 31, 2015
Euro-denominated net investment in foreign operations	Hedged item	$	2.7
4.625% Senior Notes	Hedging instrument	(2.7		)

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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