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Financial Instruments and Risk Management (Tables)
12 Months Ended
Dec. 31, 2017
Derivative [Line Items]  
Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]
A rollforward of the activity in the Company’s fair value of contingent consideration from December 31, 2015 to December 31, 2017 is as follows:
(In millions)
Current Portion (1)
 
Long-Term Portion (2)
 
Total Contingent Consideration
Balance at December 31, 2015
$
35.0

 
$
491.4

 
$
526.4

Acquisitions
21.6

 
1.2

 
22.8

Payments
(44.4
)
 
(0.5
)
 
(44.9
)
Reclassifications
169.8

 
(169.8
)
 

Accretion
0.1

 
41.7

 
41.8

Fair value loss (gain) (3)
74.8

 
(55.9
)
 
18.9

Foreign currency translation

 
(0.4
)
 
(0.4
)
Balance at December 31, 2016
$
256.9

 
$
307.7

 
$
564.6

Acquisitions

 

 

Payments
(77.3
)
 
(0.2
)
 
(77.5
)
Reclassifications
27.0

 
(27.0
)
 

Accretion

 
25.9

 
25.9

Fair value loss (gain) (3)
(38.8
)
 
(20.5
)
 
(59.3
)
Balance at December 31, 2017
$
167.8

 
$
285.9

 
$
453.7

____________
(1) 
Included in other current liabilities on the Consolidated Balance Sheets.
(2) 
Included in other long-term obligations on the Consolidated Balance Sheets.
(3) 
Included in litigation settlements and other contingencies, net in the Consolidated Statements of Operations.
Financial Assets and Liabilities Carried at Fair Value
Financial assets and liabilities carried at fair value are classified in the tables below in one of the three categories described above:
 
December 31, 2017
(In millions)
Level 1
 
Level 2
 
Level 3
 
Total
Recurring fair value measurements
 
 
 
 
 
 
 
Financial Assets
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
8.4

 
$

 
$

 
$
8.4

Total cash equivalents
8.4

 

 

 
8.4

Trading securities:
 
 
 
 
 
 
 
Equity securities — exchange traded funds
33.9

 

 

 
33.9

Total trading securities
33.9

 

 

 
33.9

Available-for-sale fixed income investments:
 
 
 
 
 
 
 
Corporate bonds

 
16.5

 

 
16.5

U.S. Treasuries

 
7.4

 

 
7.4

Agency mortgage-backed securities

 
4.1

 

 
4.1

Asset backed securities

 
2.1

 

 
2.1

Other

 
1.4

 

 
1.4

Total available-for-sale fixed income investments

 
31.5

 

 
31.5

Available-for-sale equity securities:
 
 
 
 
 
 
 
Marketable securities
45.2

 

 

 
45.2

Total available-for-sale equity securities
45.2

 

 

 
45.2

Foreign exchange derivative assets

 
72.7

 

 
72.7

Interest rate swap derivative assets

 
16.2

 

 
16.2

Total assets at recurring fair value measurement
$
87.5

 
$
120.4

 
$

 
$
207.9

Financial Liabilities
Foreign exchange derivative liabilities
$

 
$
31.1

 
$

 
$
31.1

Contingent consideration

 

 
453.7

 
453.7

Total liabilities at recurring fair value measurement
$

 
$
31.1

 
$
453.7

 
$
484.8

 
December 31, 2016
(In millions)
Level 1
 
Level 2
 
Level 3
 
Total
Recurring fair value measurements
 
 
 
 
 
 
 
Financial Assets
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
433.7

 
$

 
$

 
$
433.7

Total cash equivalents
433.7

 

 

 
433.7

Trading securities:
 
 
 
 
 
 
 
Equity securities — exchange traded funds
29.6

 

 

 
29.6

Total trading securities
29.6

 

 

 
29.6

Available-for-sale fixed income investments:
 
 
 
 
 
 
 
Corporate bonds

 
17.5

 

 
17.5

U.S. Treasuries

 
6.0

 

 
6.0

Agency mortgage-backed securities

 
4.0

 

 
4.0

Asset backed securities

 
1.6

 

 
1.6

Other

 
2.3

 

 
2.3

Total available-for-sale fixed income investments

 
31.4

 

 
31.4

Available-for-sale equity securities:
 
 
 
 
 
 
 
Marketable securities
52.3

 

 

 
52.3

Total available-for-sale equity securities
52.3

 

 

 
52.3

Foreign exchange derivative assets

 
35.9

 

 
35.9

Interest rate swap derivative assets

 
26.2

 

 
26.2

Total assets at recurring fair value measurement
$
515.6

 
$
93.5

 
$

 
$
609.1

Financial Liabilities
Foreign exchange derivative liabilities
$

 
$
15.3

 
$

 
$
15.3

Contingent consideration

 

 
564.6

 
564.6

Total liabilities at recurring fair value measurement
$

 
$
15.3

 
$
564.6

 
$
579.9

Schedule of Available-for-Sale Securities Reconciliation
The amortized cost and estimated fair value of available-for-sale securities, included in prepaid expenses and other current assets, were as follows:
(In millions)
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
December 31, 2017
 
 
 
 
 
 
 
Debt securities
$
31.5

 
$

 
$

 
$
31.5

Equity securities
29.5

 
16.9

 
(1.2
)
 
45.2

 
$
61.0

 
$
16.9

 
$
(1.2
)
 
$
76.7

December 31, 2016
 
 
 
 
 
 
 
Debt securities
$
31.4

 
$

 
$

 
$
31.4

Equity securities
28.0

 
24.6

 
(0.3
)
 
52.3

 
$
59.4

 
$
24.6

 
$
(0.3
)
 
$
83.7

Maturities Of Available-for-Sale Debt Securities At Fair Value
Maturities of available-for-sale debt securities at fair value as of December 31, 2017, were as follows:
(In millions)
 
Mature within one year
$
3.0

Mature in one to five years
15.5

Mature in five years and later
13.0

 
$
31.5

Fair value hedging relationships  
Derivative [Line Items]  
Effect of Derivative Instruments on the Consolidated Statements of Operations
 
Location of (Loss) or Gain Recognized in Earnings on Derivatives
Amount of (Loss) Gain Recognized in Earnings on Derivatives
 
Year Ended December 31,
(In millions)
2017
 
2016
 
2015
Interest rate swaps
Interest expense
$
(10.0
)
 
$
(10.0
)
 
$
5.9

Total
$
(10.0
)
 
$
(10.0
)
 
$
5.9

 
Location of Gain or (Loss) Recognized in Earnings on Hedged Items
Amount of Gain or (Loss) Recognized in Earnings on Hedging Items
 
Year Ended December 31,
(In millions)
2017
 
2016
 
2015
2023 Senior Notes (3.125% coupon)
Interest expense
$
10.0

 
$
10.0

 
$
(5.9
)
Total
$
10.0

 
$
10.0

 
$
(5.9
)
Net Investment Hedging  
Derivative [Line Items]  
Effect of Derivative Instruments on the Consolidated Statements of Operations
Derivatives in Net Investment Hedging Relationships
 
Amount of Loss Recognized in AOCE (Net of Tax) on Derivatives (Effective Portion)
 
Year Ended December 31,
(In millions)
2017
 
2016
 
2015
Foreign currency borrowings and forward contracts
$
(238.4
)
 
$
(1.4
)
 
$

Total
$
(238.4
)
 
$
(1.4
)
 
$

Cash flow hedging relationships  
Derivative [Line Items]  
Effect of Derivative Instruments on the Consolidated Statements of Operations
Derivatives in Cash Flow Hedging Relationships
 
Amount of (Loss) or Gain Recognized in AOCE (Net of Tax) on Derivatives (Effective Portion)
 
Year Ended December 31,
(In millions)
2017
 
2016
 
2015
Foreign currency forward contracts
$
28.1

 
$
(27.5
)
 
$
(44.5
)
Interest rate swaps

 
(38.7
)
 
13.5

Total
$
28.1

 
$
(66.2
)
 
$
(31.0
)
The Effect of Derivative Instruments on the Consolidated Statements of Operations
Derivatives in Cash Flow Hedging Relationships
 
Location of Loss Reclassified from AOCE into Earnings (Effective Portion)
Amount of Loss Reclassified from AOCE into Earnings (Effective Portion)
 
Year Ended December 31,
(In millions)
2017
 
2016
 
2015
Foreign currency forward contracts
Net sales
$
1.1

 
$
(44.3
)
 
$
(40.3
)
Interest rate swaps
Interest expense
(7.3
)
 
(8.7
)
 
(0.8
)
Total
$
(6.2
)
 
$
(53.0
)
 
$
(41.1
)
 
Location of Gain Excluded from the Assessment of Hedge Effectiveness
Amount of Gain Excluded from the Assessment of Hedge Effectiveness
 
Year Ended December 31,
(In millions)
2017
 
2016
 
2015
Foreign currency forward contracts
Other expense, net
$
(3.3
)
 
$
33.5

 
$
45.1

Total
$
(3.3
)
 
$
33.5

 
$
45.1

Designated as hedging instrument  
Derivative [Line Items]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
 
Asset Derivatives
 
December 31, 2017
 
December 31, 2016
(In millions)
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Interest rate swaps
Prepaid expenses and other current assets
 
$
16.2

 
Prepaid expenses and other current assets
 
$
26.2

Foreign currency forward contracts
Prepaid expenses and other current assets
 
63.4

 
Prepaid expenses and other current assets
 
21.9

Total
 
$
79.6

 
 
 
$
48.1

Not designated as hedging instrument  
Derivative [Line Items]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
 
Asset Derivatives
 
December 31, 2017
 
December 31, 2016
(In millions)
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Foreign currency forward contracts
Prepaid expenses and other current assets
 
$
9.3

 
Prepaid expenses and other current assets
 
$
14.0

Total
 
$
9.3

 
 
 
$
14.0

 
Liability Derivatives
 
December 31, 2017
 
December 31, 2016
(In millions)
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Foreign currency forward contracts
Other current liabilities
 
$
31.1

 
Other current liabilities
 
$
15.3

Total
 
$
31.1

 
 
 
$
15.3

Effect of Derivative Instruments on the Consolidated Statements of Operations
 
Location of (Loss) or Gain Recognized in Earnings on Derivatives
Amount of (Loss) or Gain Recognized in Earnings on Derivatives
 
Year Ended December 31,
(In millions)
2017
 
2016
 
2015
Foreign currency option and forward contracts
Other expense, net
$
47.7

 
$
(104.5
)
 
$
41.7

Interest rate swaps
Other expense, net

 

 
(71.2
)
Cash conversion feature of Cash Convertible Notes
Other expense, net

 

 
1,853.5

Purchased cash convertible note hedge
Other expense, net

 

 
(1,853.5
)
Total
$
47.7

 
$
(104.5
)
 
$
(29.5
)