Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2020								As of December 31, 2019
(In millions)	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Assets:
Investments	$	10.8	$	10.8	$	—	$	—	$	14.3	$	14.3	$	—	$	—
Derivatives	9.4		—		9.4		—		12.0		—		12.0		—
Total assets	$	20.2	$	10.8	$	9.4	$	—	$	26.3	$	14.3	$	12.0	$	—
Liabilities:
Derivatives	$	10.8	$	—	$	10.8	$	—	$	2.8	$	—	$	2.8	$	—
Contingent consideration	17.4		—		—		17.4		17.4		—		—		17.4
Total liabilities	$	28.2	$	—	$	10.8	$	17.4	$	20.2	$	—	$	2.8	$	17.4

Schedule of changes in fair value of contingent consideration

The following table provides a summary of changes in fair value of contingent consideration during the nine months ended September 30, 2020:

	Nine months ended
	September 30, 2020
Beginning balance	$	17.4
Acquisitions	—
Measurement adjustments recorded to earnings	0.4
Foreign currency translation adjustment	(0.4)
Ending balance	$	17.4