Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2018

The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2018 and December 31, 2017 (in millions):



	As of September 30, 2018
	Total		Level 1		Level 2		Level 3
Assets
Cash equivalents - money market funds	$	271.9	$	271.9	$	—	$	—
Deferred compensation plan assets	55.6		55.6		—		—
Foreign currency forward contracts	0.8		—		0.8		—
Interest rate swap agreements	9.9		—		9.9		—
Deferred purchase price receivable	132.0		—		—		132.0
Total	$	470.2	$	327.5	$	10.7	$	132.0
Liabilities
Deferred compensation plan liabilities	$	54.4	$	54.4	$	—	$	—
Foreign currency forward contracts	0.9		—		0.9		—
Earn-out liabilities	33.9		—		—		33.9
Total	$	89.2	$	54.4	$	0.9	$	33.9



	As of December 31, 2017
	Total		Level 1		Level 2		Level 3
Assets
Deferred compensation plan assets	$	59.7	$	59.7	$	—	$	—
Foreign currency forward contracts	0.8		—		0.8		—
Cross-currency interest rate swaps	7.1		—		7.1		—
Interest rate cap agreements	8.9		—		8.9		—
Interest rate swap agreements	0.5		—		0.5		—
Deferred purchase price receivable	41.9		—		—		41.9
Total	$	118.9	$	59.7	$	17.3	$	41.9
Liabilities
Deferred compensation plan liabilities	$	59.6	$	59.6	$	—	$	—
Foreign currency forward contracts	2.2		—		2.2		—
Cross-currency interest rate swaps	0.4		—		0.4		—
Foreign currency net investment hedges	0.7		—		0.7		—
Earn-out liabilities	51.3		—		—		51.3
Total	$	114.2	$	59.6	$	3.3	$	51.3

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The table below presents a reconciliation of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (in millions):



	Earn-out Liabilities
	2018			2017
Balance as of January 1,	$	51.3		$	30.5
Purchases/additions	2.0			31.7
Net change in fair value and other adjustments	2.9			7.5
Payments	(22.3		)	(11.9		)
Balance as of September 30,	$	33.9		$	57.8

Balance as of July 1,	$	43.5		$	20.6
Purchases/additions	2.0			31.7
Net change in fair value and other adjustments	2.7			5.5
Payments	(14.3		)	—
Balance as of September 30,	$	33.9		$	57.8