Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis.

	December 31, 2020
	Level 1		Level 2		Level 3		Total
Financial Assets
Foreign currency forwards(1)	$	—	$	2.9	$	—	$	2.9
Trading securities held in deferred compensation plan(2)	9.1		—		—		9.1
Total	$	9.1	$	2.9	$	—	$	12.0
Financial Liabilities
Foreign currency forwards(1)	$	—	$	0.7	$	—	$	0.7
Deferred compensation plan(2)	25.7		—		—		25.7
Total	$	25.7	$	0.7	$	—	$	26.4

	December 31, 2019
	Level 1		Level 2		Level 3		Total
Financial Assets
Foreign currency forwards(1)	$	—	$	0.5	$	—	$	0.5
Trading securities held in deferred compensation plan(2)	7.3		—		—		7.3
Total	$	7.3	$	0.5	$	—	$	7.8
Financial Liabilities
Foreign currency forwards(1)	$	—	$	0.5	$	—	$	0.5
Interest rate swaps(3)	—		13.1		—		13.1
Deferred compensation plan(2)	7.3		—		—		7.3
Total	$	7.3	$	13.6	$	—	$	20.9

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

(2)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.

(3)Measured as the present value of all expected future cash flows based on the LIBOR-based swap yield curves as of December 31, 2020. The present value calculation uses discount rates that have been adjusted to reflect the credit quality of the Company and its counterparties.