Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of financial assets and liabilities measured at fair value on a recurring basis

Financial assets and financial liabilities measured at fair value on a recurring basis are as follows:

	As of March 31, 2020								As of December 31, 2019
(In millions)	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Assets:
Investments	$	12.8	$	12.8	$	—	$	—	$	14.3	$	14.3	$	—	$	—
Derivatives	18.3		—		18.3		—		12.0		—		12.0		—
Total assets	$	31.1	$	12.8	$	18.3	$	—	$	26.3	$	14.3	$	12.0	$	—
Liabilities:
Derivatives	$	12.5	$	—	$	12.5	$	—	$	2.8	$	—	$	2.8	$	—
Contingent consideration	16.1		—		—		16.1		17.4		—		—		17.4
Total liabilities	$	28.6	$	—	$	12.5	$	16.1	$	20.2	$	—	$	2.8	$	17.4

Schedule of changes in fair value of contingent consideration

Following table provides a summary of changes in fair value of contingent consideration during the the quarter ended March 31, 2020:

	Three months ended
	March 31, 2020
Beginning balance	$	17.4
Acquisitions	—
Measurement adjustments recorded to earnings	(0.3		)
Foreign currency translation adjustment	(1.0		)
Ending balance	$	16.1