Financial Instruments and Fair Value (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Summary of Fair Value Information

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

			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
December 31, 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	2.3		—		2.3		—		2.3
Long-term debt - senior notes	(2,000.0)		—		(2,120.6)		—		(2,120.6)
Long-term debt - term credit facility	(371.4)		—		(371.4)		—		(371.4)
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)
Long-term debt - term credit facility	(492.5)		—		(492.5)		—		(492.5)