Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value Measurements [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 and 2016.

	December 31, 2017
	Level 1		Level 2		Level 3		Total
Financial Assets
Trading securities held in deferred compensation plan(1)	$	5.8	$	-	$	-	$	5.8
Total	$	5.8	$	-	$	-	$	5.8
Financial Liabilities
Foreign currency forwards(2)	$	-	$	1.2	$	-	$	1.2
Interest rate swaps(3)		-		46.7		-		46.7
Deferred compensation plan(1)		5.8		-		-		5.8
Total	$	5.8	$	47.9	$	-	$	53.7

	December 31, 2016
	Level 1		Level 2		Level 3		Total
Financial Assets
Foreign currency forwards(2)	$	-	$	0.9	$	-	$	0.9
Cross currency interest rate swaps(4)		-		26.8		-		26.8
Trading securities held in deferred compensation plan(1)		4.2		-		-		4.2
Total	$	4.2	$	27.7	$	-	$	31.9
Financial Liabilities
Foreign currency forwards(2)	$	-	$	0.2	$	-	$	0.2
Interest rate swaps(3)		-		63.5		-		63.5
Deferred compensation plan(1)		4.2		-		-		4.2
Total	$	4.2	$	63.7	$	-	$	67.9

⁽¹⁾ Based on the quoted price of publicly traded mutual funds which are classified as trading securities and accounted for using the mark-to-market method.

⁽²⁾ Based on calculations that use readily observable market parameters as their basis, such as spot and forward rates.

⁽³⁾ Measured as the present value of all expected future cash flows based on the LIBOR-based swap yield curves as of December 31, 2017.  The present value calculation uses discount rates that have been adjusted to reflect the credit quality of the Company and its counterparties.

⁽⁴⁾ Based on observable foreign exchange market pricing parameters such as spot and forward rates and the present value of all expected future cash flows.  The present value calculation incorporates foreign exchange market pricing, discount rates, and credit quality adjustments of the Company and its counterparties.