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Financial Instruments and Risk Management (Tables)
12 Months Ended
Dec. 31, 2018
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, 2016 to December 31, 2018 is as follows:
(In millions)
Current Portion (1)
 
Long-Term Portion (2)
 
Total Contingent Consideration
Balance at December 31, 2016
$
256.9

 
$
307.7

 
$
564.6

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

 
(27.0
)
 

Accretion

 
25.9

 
25.9

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

 
$
285.9

 
$
453.7

Payments
(82.9
)
 

 
(82.9
)
Reclassifications
62.1

 
(62.1
)
 

Accretion

 
19.8

 
19.8

Fair value loss (gain) (3)
11.3

 
(46.6
)
 
(35.3
)
Balance at December 31, 2018
$
158.3

 
$
197.0

 
$
355.3

____________
(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, 2018
(In millions)
Level 1
 
Level 2
 
Level 3
 
Total
Recurring fair value measurements
 
 
 
 
 
 
 
Financial Assets
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
71.0

 
$

 
$

 
$
71.0

Total cash equivalents
71.0

 

 

 
71.0

Equity securities:
 
 
 
 
 
 
 
Exchange traded funds
31.7

 

 

 
31.7

Marketable securities
0.8

 

 

 
0.8

Total equity securities
32.5

 

 

 
32.5

Available-for-sale fixed income investments:
 
 
 
 
 
 
 
Corporate bonds

 
9.9

 

 
9.9

U.S. Treasuries

 
9.4

 

 
9.4

Agency mortgage-backed securities

 
1.6

 

 
1.6

Asset backed securities

 
3.2

 

 
3.2

Other

 
0.9

 

 
0.9

Total available-for-sale fixed income investments

 
25.0

 

 
25.0

Foreign exchange derivative assets

 
30.2

 

 
30.2

Interest rate swap derivative assets

 
3.6

 

 
3.6

Total assets at recurring fair value measurement
$
103.5

 
$
58.8

 
$

 
$
162.3

Financial Liabilities
Foreign exchange derivative liabilities
$

 
$
29.4

 
$

 
$
29.4

Contingent consideration

 

 
355.3

 
355.3

Total liabilities at recurring fair value measurement
$

 
$
29.4

 
$
355.3

 
$
384.7

 
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

Equity securities:
 
 
 
 
 
 
 
Exchange traded funds
33.9

 

 

 
33.9

Marketable securities
45.2

 

 

 
45.2

Total equity securities
79.1

 

 

 
79.1

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

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

Schedule of Available-for-Sale Securities Reconciliation
The amortized cost and estimated fair value of available-for-sale fixed income 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, 2018 (1)
 
 
 
 
 
 
 
Debt securities
$
24.8

 
$
0.2

 
$

 
$
25.0

 
$
24.8

 
$
0.2

 
$

 
$
25.0

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

Maturities Of Available-for-Sale Debt Securities At Fair Value
Maturities of available-for-sale debt securities at fair value as of December 31, 2018, were as follows:
(In millions)
 
Mature within one year
$
3.1

Mature in one to five years
13.4

Mature in five years and later
8.5

 
$
25.0

Fair value hedging relationships  
Derivative [Line Items]  
Effect of Derivative Instruments on the Consolidated Statements of Operations
 
Location of Loss Recognized in Earnings on Derivatives
Amount of Loss Recognized in Earnings on Derivatives
 
Year Ended December 31,
(In millions)
2018
 
2017
 
2016
Interest rate swaps
Interest expense
$
(12.6
)
 
$
(10.0
)
 
$
(10.0
)
Total
$
(12.6
)
 
$
(10.0
)
 
$
(10.0
)
 
Location of Gain Recognized in Earnings on Hedged Items
Amount of Gain Recognized in Earnings on Hedging Items
 
Year Ended December 31,
(In millions)
2018
 
2017
 
2016
2023 Senior Notes (3.125% coupon)
Interest expense
$
12.6

 
$
10.0

 
$
10.0

Total
$
12.6

 
$
10.0

 
$
10.0

Net Investment Hedging  
Derivative [Line Items]  
Effect of Derivative Instruments on the Consolidated Statements of Operations
Derivatives in Net Investment Hedging Relationships
 
Amount of Gain or (Loss) Recognized in AOCE (Net of Tax) on Derivatives (Effective Portion)
 
Year Ended December 31,
(In millions)
2018
 
2017
 
2016
Foreign currency borrowings and forward contracts
$
108.9

 
$
(238.4
)
 
$
(1.4
)
Total
$
108.9

 
$
(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)
2018
 
2017
 
2016
Foreign currency forward contracts
$
(46.6
)
 
$
28.1

 
$
(27.5
)
Interest rate swaps

 

 
(38.7
)
Total
$
(46.6
)
 
$
28.1

 
$
(66.2
)
The Effect of Derivative Instruments on the Consolidated Statements of Operations
Derivatives in Cash Flow Hedging Relationships
 
Location of Gain or (Loss) Reclassified from AOCE into Earnings (Effective Portion)
Amount of Gain or (Loss) Reclassified from AOCE into Earnings (Effective Portion)
 
Year Ended December 31,
(In millions)
2018
 
2017
 
2016
Foreign currency forward contracts
Net sales
$
6.2

 
$
1.1

 
$
(44.3
)
Interest rate swaps
Interest expense
(7.7
)
 
(7.3
)
 
(8.7
)
Total
$
(1.5
)
 
$
(6.2
)
 
$
(53.0
)
 
Location of Loss Excluded from the Assessment of Hedge Effectiveness
Amount of Loss Excluded from the Assessment of Hedge Effectiveness
 
Year Ended December 31,
(In millions)
2018
 
2017
 
2016
Foreign currency forward contracts
Other expense, net
$

 
$
(3.3
)
 
$
33.5

Total
$

 
$
(3.3
)
 
$
33.5

Designated as hedging instrument  
Derivative [Line Items]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
 
Asset Derivatives
 
December 31, 2018
 
December 31, 2017
(In millions)
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Interest rate swaps
Prepaid expenses and other current assets
 
$
3.6

 
Prepaid expenses and other current assets
 
$
16.2

Foreign currency forward contracts
Prepaid expenses and other current assets
 

 
Prepaid expenses and other current assets
 
63.4

Total
 
$
3.6

 
 
 
$
79.6


 
Liability Derivatives
 
December 31, 2018
 
December 31, 2017
 
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Foreign currency forward contracts
Other current liabilities
 
$
12.1

 
Other current liabilities
 
$

 
 
$
12.1

 
 
 
$

Not designated as hedging instrument  
Derivative [Line Items]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
 
Asset Derivatives
 
December 31, 2018
 
December 31, 2017
(In millions)
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Foreign currency forward contracts
Prepaid expenses and other current assets
 
$
30.2

 
Prepaid expenses and other current assets
 
$
9.3

Total
 
$
30.2

 
 
 
$
9.3

 
Liability Derivatives
 
December 31, 2018
 
December 31, 2017
(In millions)
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Foreign currency forward contracts
Other current liabilities
 
$
17.3

 
Other current liabilities
 
$
31.1

Total
 
$
17.3

 
 
 
$
31.1

Effect of Derivative Instruments on the Consolidated Statements of Operations
 
Location of Gain or (Loss) Recognized in Earnings on Derivatives
Amount of Gain or (Loss) Recognized in Earnings on Derivatives
 
Year Ended December 31,
(In millions)
2018
 
2017
 
2016
Foreign currency option and forward contracts
Other expense, net
$
34.8

 
$
47.7

 
$
(104.5
)
Total
$
34.8

 
$
47.7

 
$
(104.5
)