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Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2012
Fair Value Disclosures [Abstract]  
Schedule Of Carrying Amounts And Estimated Fair Values Of Financial Instruments
Carrying amounts and estimated fair values of financial instruments as of the dates indicated were as follows (in millions):
 
September 30, 2012
 
December 31, 2011
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
Assets
 
 
 
 
 
 
 
Cash surrender value of life insurance policies
$
11.6

 
$
11.6

 
$
10.6

 
$
10.6

Auction rate securities
$
14.1

 
$
14.1

 
$
13.6

 
$
13.6

Liabilities
 
 
 
 
 
 
 
Acquisition-related contingent consideration
$
79.0

 
$
79.0

 
$
80.5

 
$
80.5

7.625% senior notes
$
150.0

 
$
156.0

 
$
150.0

 
$
156.4

Original 4.0% Notes
$
9.7

 
$
13.9

 
$
9.7

 
$
12.5

Original 4.25% Notes
$
3.0

 
$
4.2

 
$
3.0

 
$
4.0

New 4.0% Notes
$
100.2

 
$
102.1

 
$
98.2

 
$
99.4

New 4.25% Notes
$
91.6

 
$
93.7

 
$
89.9

 
$
91.1

Schedule Of Fair Values Of Financial Assets And Liabilities Measured On Recurring Basis
The fair values of financial assets and liabilities measured on a recurring basis were determined using the following inputs as of the dates indicated (in millions):
 
 
 
Fair Value Measurements
Using Inputs Considered as Significant
 
Fair Value as of
September 30,
2012
 
Level 1
 
Level 2
 
Level 3
Assets
 
 
 
 
 
 
 
Cash surrender value of life insurance policies
$
11.6

 
$
11.6

 

 

Auction rate securities
$
14.1

 

 

 
$
14.1

Liabilities
 
 
 
 
 
 
 
Acquisition-related contingent consideration
$
79.0

 

 

 
$
79.0

 
 
 
 
 
 
 
 


 
 
Fair Value Measurements
Using Inputs Considered as Significant
 
Fair Value as of
December 31,
2011
 
Level 1
 
Level 2
 
Level 3
Assets
 
 
 
 
 
 
 
Cash surrender value of life insurance policies
$
10.6

 
$
10.6

 

 

Auction rate securities
$
13.6

 

 

 
$
13.6

Liabilities
 
 
 
 
 
 
 
Acquisition-related contingent consideration
$
80.5

 

 

 
$
80.5

Reconciliation Of Assets And Liabilities Measured At Fair Value On Recurring Basis, Level 3
The following tables provide a reconciliation between the beginning and ending balances of items measured at fair value on a recurring basis using significant unobservable inputs as of the dates indicated (in millions).

Auction Rate Securities
Three Months Ended September 30, 2012 and 2011:
Student
Loan
 
Structured
Finance Securities
 
Total
Assets
 
 
 
 
 
Balances at June 30, 2012
$
11.7

 
$
1.8

 
$
13.5

Changes in fair value recorded in earnings

 

 

Changes in unrealized (losses)/gains included in other comprehensive income

 
0.6

 
0.6

Balances at September 30, 2012
$
11.7

 
$
2.4

 
$
14.1

 
 
 
 
 
 
Balances at June 30, 2011
$
12.1

 
$
2.3

 
$
14.4

Changes in fair value recorded in earnings

 
(0.5
)
 
(0.5
)
Changes in unrealized (losses)/gains included in other comprehensive income
(0.3
)
 

 
(0.3
)
Balances at September 30, 2011
$
11.8

 
$
1.8

 
$
13.6



Contingent Consideration
 
 
 
 
Liabilities

 
 
 
 
Balances at June 30, 2012
$
80.5

 
 
 
 
Additions from new business combinations

 
 
 
 
Payments of contingent consideration
(1.5
)
 
 
 
 
Balances at September 30, 2012
$
79.0

 
 
 
 
 
 
 
 
 
 
Balances at June 30, 2011
$
80.5

 
 
 
 
Changes in fair value recorded in earnings

 
 
 
 
Payments of contingent consideration

 
 
 
 
Balances at September 30, 2011
$
80.5

 
 
 
 
 
Auction Rate Securities
Nine Months Ended September 30, 2012 and 2011:
Student
Loan
 
Structured
Finance Securities
 
Total
Assets
 
 
 
 
 
Balances at December 31, 2011
$
11.9

 
$
1.7

 
$
13.6

Changes in fair value recorded in earnings

 

 

Changes in unrealized (losses)/gains included in other comprehensive income
(0.2
)
 
0.7

 
0.5

Balances at September 30, 2012
$
11.7

 
$
2.4

 
$
14.1

 
 
 
 
 
 
Balances at December 31, 2010
$
16.4

 
$
2.6

 
$
19.0

Redemption or sale of securities, cost basis
(4.6
)
 

 
(4.6
)
Reversal of unrealized losses on redeemed or sold securities
0.4

 

 
0.4

Changes in fair value recorded in earnings

 
(0.5
)
 
(0.5
)
Changes in unrealized (losses)/gains included in other comprehensive income
(0.4
)
 
(0.3
)
 
(0.7
)
Balances at September 30, 2011
$
11.8

 
$
1.8

 
$
13.6

Liabilities
Contingent Consideration
 
 
 
 
Balances at December 31, 2011
$
80.5

 
 
 
 
Additions from new business combinations

 
 
 
 
Payments of contingent consideration
(1.5
)
 
 
 
 
Balances at September 30, 2012
$
79.0

 
 
 
 
 
 
 
 
 
 
Balances at December 31, 2010
$
45.0

 
 
 
 
Additions from new business combinations
47.7

 
 
 
 
Payments of contingent consideration
(12.2
)
 
 
 
 
Balances at September 30, 2011
$
80.5