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Financial Instruments and Risk Management (Tables)
 9 Months Ended
Sep. 30, 2019
Derivatives, Fair Value [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, 2018 to September 30, 2019 is as follows:
(In millions)
Current Portion (1)
 
Long-Term Portion (2)
 
Total Contingent Consideration
Balance at December 31, 2018
$
158.3

 
$
197.0

 
$
355.3

Payments
(79.0
)
 
—

 
(79.0
)
Reclassifications
38.7

 
(38.7
)
 
—

Accretion
—

 
11.4

 
11.4

Fair value loss (gain) (3)
3.5

 
(32.4
)
 
(28.9
)
Balance at September 30, 2019
$
121.5

 
$
137.3

 
$
258.8

____________
(1) 
Included in other current liabilities in the condensed consolidated balance sheets.
(2) 
Included in other long-term obligations in the condensed consolidated balance sheets.
(3) 
Included in litigation settlements and other contingencies, net in the condensed 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:
 
September 30, 2019
(In millions)
Level 1
 
Level 2
 
Level 3
 
Total
Recurring fair value measurements
 
 
 
 
 
 
 
Financial Assets
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
37.4

 
$
—

 
$
—

 
$
37.4

Total cash equivalents
37.4

 
—

 
—

 
37.4

Equity securities:
 
 
 
 
 
 
 
Exchange traded funds
36.0

 
—

 
—

 
36.0

Marketable securities
0.7

 
—

 
—

 
0.7

Total equity securities
36.7

 
—

 
—

 
36.7

Available-for-sale fixed income investments:
 
 
 
 
 
 
 
Corporate bonds
—

 
11.3

 
—

 
11.3

U.S. Treasuries
—

 
10.0

 
—

 
10.0

Agency mortgage-backed securities
—

 
2.2

 
—

 
2.2

Asset backed securities
—

 
2.4

 
—

 
2.4

Other
—

 
0.9

 
—

 
0.9

Total available-for-sale fixed income investments
—

 
26.8

 
—

 
26.8

Foreign exchange derivative assets
—

 
30.3


—


30.3

Interest rate swap derivative assets
—

 
27.9

 
—

 
27.9

Total assets at recurring fair value measurement
$
74.1


$
85.0


$
—


$
159.1

Financial Liabilities
 
 
 
 
 
 
 
Foreign exchange derivative liabilities
—

 
25.3

 
—

 
25.3

Contingent consideration
—

 
—

 
258.8

 
258.8

Total liabilities at recurring fair value measurement
$
—

 
$
25.3

 
$
258.8

 
$
284.1


 
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
Fair Value Hedging Relationships  
Derivatives, Fair Value [Line Items]  
Effect of Derivative Instruments on the Condensed Consolidated Statements of Operations
The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations
Derivatives in Fair Value Hedging Relationships
 
Location of Gain (Loss)
Recognized in Earnings
on Derivatives
 
Amount of Gain (Loss) Recognized in Earnings on Derivatives
(In millions)
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2019
 
2018
 
2019
 
2018
Interest rate swaps
Interest expense
 
$
3.3

 
$
(5.0
)
 
$
24.3

 
$
(27.3
)
Total
 
 
$
3.3

 
$
(5.0
)
 
$
24.3

 
$
(27.3
)
 
Location of Gain (Loss)
Recognized in Earnings
on Hedged Items
 
Amount of Gain (Loss) Recognized in Earnings on Hedged Items
(In millions)
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2019
 
2018
 
2019
 
2018
2023 Senior Notes (3.125% coupon)
Interest expense
 
$
(3.3
)
 
$
5.0

 
$
(24.3
)
 
$
27.3

Total
 
 
$
(3.3
)
 
$
5.0

 
$
(24.3
)
 
$
27.3
Cash Flow Hedging  
Derivatives, Fair Value [Line Items]  
Effect of Derivative Instruments on the Condensed Consolidated Statements of Operations
The Effect of Derivative Instruments on the Condensed Consolidated Statements of Comprehensive Earnings
Derivatives in Cash Flow Hedging Relationships
 
 
Amount of Gain (Loss) Recognized in AOCE (Net of Tax) on Derivative
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
(In millions)
 
2019
 
2018
 
2019
 
2018
Foreign currency forward contracts
 
$
(8.4
)
 
$
(33.9
)
 
$
10.9

 
$
(87.7
)
Total
 
$
(8.4
)
 
$
(33.9
)
 
$
10.9

 
$
(87.7
)

The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations
Derivatives in Cash Flow Hedging Relationships
 
Location of Gain (Loss) Reclassified from AOCE into Earnings (Effective Portion)
 
Amount of Gain (Loss) Reclassified from AOCE into Earnings
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
(In millions)
 
2019
 
2018
 
2019
 
2018
Foreign currency forward contracts
Net sales
 
$
0.4

 
$
0.9

 
$
(1.2
)
 
$
8.1

Interest rate swaps
Interest expense
 
(1.8
)
 
(1.9
)
 
(5.4
)
 
(5.7
)
Total
 
 
$
(1.4
)
 
$
(1.0
)
 
$
(6.6
)
 
$
2.4
Net Investment Hedging  
Derivatives, Fair Value [Line Items]  
Effect of Derivative Instruments on the Condensed Consolidated Statements of Operations
The Effect of Derivative Instruments on the Condensed Consolidated Statements of Comprehensive Earnings
Derivatives in Net Investment Hedging Relationships
 
 
Amount of Gain (Loss) Recognized in AOCE
(Net of Tax) on Derivative
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
(In millions)
 
2019
 
2018
 
2019
 
2018
Foreign currency borrowings and forward contracts
 
$
106.2

 
$
17.9

 
$
126.9

 
$
77.7

Total
 
$
106.2

 
$
17.9

 
$
126.9

 
$
77.7
Designated as Hedging Instrument  
Derivatives, Fair Value [Line Items]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The Effect of Derivative Instruments on the Condensed Consolidated Balance Sheets
Fair Values of Derivative Instruments
Derivatives Designated as Hedging Instruments
 
Asset Derivatives
 
September 30, 2019
 
December 31, 2018
(In millions)
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Interest rate swaps
Prepaid expenses and other current assets
 
$
27.9

 
Prepaid expenses and other current assets
 
$
3.6

Foreign currency forward contracts
Prepaid expenses and other current assets
 
4.0

 
Prepaid expenses and other current assets
 
—

Total
 
 
$
31.9

 
 
 
$
3.6


 
Liability Derivatives
 
September 30, 2019
 
December 31, 2018
(In millions)
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Foreign currency forward contracts
Other current liabilities
 
—

 
Other current liabilities
 
12.1

Total
 
 
$
—

 
 
 
$
12.1
Not Designated as Hedging Instruments  
Derivatives, Fair Value [Line Items]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The Effect of Derivative Instruments on the Condensed Consolidated Balance Sheets
Fair Values of Derivative Instruments
Derivatives Not Designated as Hedging Instruments
 
Asset Derivatives
 
September 30, 2019
 
December 31, 2018
(In millions)
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Foreign currency forward contracts
Prepaid expenses and other current assets
 
$
26.3

 
Prepaid expenses and other current assets
 
$
30.2

Total
 
 
$
26.3

 
 
 
$
30.2

 
Liability Derivatives
 
September 30, 2019
 
December 31, 2018
(In millions)
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Foreign currency forward contracts
Other current liabilities
 
$
25.3

 
Other current liabilities
 
$
17.3

Total
 
 
$
25.3

 
 
 
$
17.3
Effect of Derivative Instruments on the Condensed Consolidated Statements of Operations
The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations
Derivatives Not Designated as Hedging Instruments
 
Location of Gain (Loss) Recognized in Earnings on Derivatives
 
Amount of Gain (Loss) Recognized in Earnings on Derivatives
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
(In millions)
 
2019
 
2018
 
2019
 
2018
Foreign currency option and forward contracts
Other expense, net
 
$
15.5

 
$
(25.1
)
 
$
(12.0
)
 
$
2.5

Total
 
 
$
15.5

 
$
(25.1
)
 
$
(12.0
)
 
$
2.5