Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents our fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of September 30, 2020 and December 31, 2019, respectively:

	September 30, 2020
	Level 1		Level 2		Level 3		Total
	(In millions)
Fixed-maturity securities available for sale:
Corporate debt securities	$	—	$	—	$	34.5	$	34.5
Equity Securities:
Ceridian	1,333.9		—		—		1,333.9
CoreLogic	155.6		—		—		155.6
Forward Purchase Agreements	—		—		26.0		26.0
Other	1.1		—		—		1.1
Total	$	1,490.6	$	—	$	60.5	$	1,551.1

	December 31, 2019
	Level 1		Level 2		Level 3		Total
	(In millions)
Fixed-maturity securities available for sale:
Corporate debt securities	$	—	$	—	$	19.2	$	19.2
Total	$	—	$	—	$	19.2	$	19.2

Summary of Changes in the Fair Values of Level 3 Assets Measured on a Recurring Basis

The following table presents a summary of the changes in the fair values of Level 3 assets, measured on a recurring basis, for the three and nine months ended September 30, 2020 and 2019 (in millions).

	Three months ended September 30, 2020						Three months ended September 30, 2019
	Corporate debt		Forward Purchase				Corporate debt
	securities		Agreements		Total		securities
Fair value, beginning of period	$	33.9	$	12.5	$	46.4	$	17.7
Net valuation gain included in earnings (2)	—		13.5		13.5		—
Net valuation gain included in other comprehensive earnings (3)	0.6		—		0.6		1.0
Fair value, end of period	$	34.5	$	26.0	$	60.5	$	18.7

	Nine months ended September 30, 2020						Nine months ended September 30, 2019
	Corporate debt		Forward Purchase				Corporate debt
	securities		Agreements		Total		securities
Fair value, beginning of period	$	19.2	$	—	$	19.2	$	17.8
Paid-in-kind dividends (1)	—		—		—		0.1
Net valuation gain included in earnings (2)	—		26.0		26.0		—
Impairment (2)	—		—		—		(0.4)
Net valuation gain included in other comprehensive earnings (3)	15.3		—		15.3		1.2
Fair value, end of period	$	34.5	$	26.0	$	60.5	$	18.7

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(1) Included in Interest, investment and other income on the Condensed Consolidated Statements of Operations

(2) Included in Recognized gains and losses, net on the Condensed Consolidated Statements of Operations

(3) Included in Unrealized gain (loss) on investments and other financial instruments, net (excluding investments in unconsolidated affiliates) on the Condensed Consolidated Statements of Comprehensive Earnings