Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Recurring Fair Value Measurements

e following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2019 and 2018 (in millions):

	As of December 31, 2019
	Total		Level 1		Level 2		Level 3
Assets
Cash equivalents - money market funds	$	206.9	$	206.9	$	—	$	—
Deferred compensation plan assets	54.9		54.9		—		—
Foreign currency forward contracts	1.0		—		1.0		—
Deferred purchase price receivable	66.9		—		—		66.9
Total	$	329.7	$	261.8	$	1.0	$	66.9
Liabilities
Deferred compensation plan liabilities	$	51.3	$	51.3	$	—	$	—
Foreign currency forward contracts	2.2		—		2.2		—
Interest rate swap agreements	97.7		—		97.7		—
Earn-out liabilities	24.6		—		—		24.6
Total	$	175.8	$	51.3	$	99.9	$	24.6

	As of December 31, 2018
	Total		Level 1		Level 2		Level 3
Assets
Cash equivalents - money market funds	$	173.5	$	173.5	$	—	$	—
Deferred compensation plan assets	48.8		48.8		—		—
Foreign currency forward contracts	0.5		—		0.5		—
Deferred purchase price receivable	140.1		—		—		140.1
Total	$	362.9	$	222.3	$	0.5	$	140.1
Liabilities
Deferred compensation plan liabilities	$	47.7	$	47.7	$	—	$	—
Foreign currency forward contracts	0.8		—		0.8		—
Interest rate swap agreements	25.1		—		25.1		—
Earn-out liabilities	38.3		—		—		38.3
Total	$	111.9	$	47.7	$	25.9	$	38.3

D

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

e 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
	2019			2018
Balance as of January 1,	$	38.3		$	51.3
Purchases/additions	6.2			5.9
Net change in fair value and other adjustments	4.0			3.4
Payments	(23.9		)	(22.3		)
Balance as of December 31,	$	24.6		$	38.3