Financial Instruments and Fair Value (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Summary of Fair Value Information

The following table summarizes the fair value information at September 30, 2019 and December 31, 2018 for long-term debt as well as for contingent consideration liabilities and the net investment hedge asset (liability) measured at fair value on a recurring basis in the respective balance sheet line items:

			Fair Value Measurements Using
Financial statement line item	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value
September 30, 2019
Other noncurrent liabilities - contingent consideration	$	(4.7)	$	—	$	—	$	(4.7)	$	(4.7)
Other noncurrent assets/(liabilities) - cross currency interest rate contracts designated as net investment hedges	22.8		—		22.8		—		22.8
Long-term debt - senior notes	(2,000.0)		—		(2,120.0)		—		(2,120.0)
December 31, 2018
Other current liabilities - contingent consideration	$	(5.1)	$	—	$	—	$	(5.1)	$	(5.1)
Other noncurrent liabilities - contingent consideration	(69.0)		—		—		(69.0)		(69.0)
Other noncurrent assets/(liabilities) - cross currency interest rate contracts designated as net investment hedges	(7.4)		—		(7.4)		—		(7.4)
Long-term debt - senior notes	(2,000.0)		—		(2,005.0)		—		(2,005.0)