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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
The following table presents our fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis (in millions):
 
June 30, 2020
 
December 31, 2019
 
Carrying amount
 
Fair value
 
Carrying amount
 
Fair value
 
 
Level 1
 
Level 2
 
Level 3
 
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents (Note 1)
$
228.2

 
$
228.2

 
$
—

 
$
—

 
$
15.4

 
$
15.4

 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps (Note 10)
48.4

 
—

 
48.4

 
—

 
21.9

 
—

 
21.9

 
—

Contingent consideration
9.6

 
—

 
—

 
9.6

 
9.0

 
—

 
—

 
9.0
Change in Fair Value of Contingent Consideration
The following table presents a summary of the change in fair value of our contingent consideration (in millions):
Beginning balance, December 31, 2019
$
9.0

Collateral Analytics acquisition (Note 2)
0.6

Ending balance, June 30, 2020
$
9.6