Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Recurring Fair Value Measurements

The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2020 and December 31, 2019 (in millions):

	As of March 31, 2020
	Total		Level 1		Level 2		Level 3
Assets
Cash equivalents - money market funds	$	27.5	$	27.5	$	—	$	—
Deferred compensation plan assets	39.9		39.9		—		—
Foreign currency forward contracts	6.8		—		6.8		—
Deferred purchase price receivable	74.8		—		—		74.8
Total	$	149.0	$	67.4	$	6.8	$	74.8
Liabilities
Deferred compensation plan liabilities	$	40.9	$	40.9	$	—	$	—
Foreign currency forward contracts	8.5		—		8.5		—
Interest rate swap agreements	183.3		—		183.3		—
Earn-out liabilities	36.6		—		—		36.6
Total	$	269.3	$	40.9	$	191.8	$	36.6

	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

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
	2020			2019
Balance as of January 1,	$	24.6		$	38.3
Purchases/additions	12.7			—
Net change in fair value and other adjustments	(0.6		)	0.2
Payments	(0.1		)	—
Balance as of March 31,	$	36.6		$	38.5