Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Summary of financial assets and liability by fair value hierarchy level

The following table shows, by level within the fair value hierarchy, our financial assets and liabilities that are accounted for at fair value on a recurring basis at March 31, 2021 and December 31, 2020 (in millions):

Asset (Liability)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Quoted Prices in Active Markets for Similar Assets (Level 2)		Unobservable inputs for which little or no market data exists (Level 3)		Total
March 31, 2021
Money market funds(a)	$	222.2	$	—	$	—	$	222.2
Available for sale investments	—		56.5		—		56.5
Trading securities	23.3		—		—		23.3
Deferred compensation plan liabilities	(23.3)		—		—		(23.3)
Derivatives:
Forward exchange contracts-(Liabilities)(b)	—		(0.6)		—		(0.6)
TOTAL	$	222.2	$	55.9	$	—	$	278.1
Asset (Liability)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Quoted Prices in Active Markets for Similar Assets (Level 2)		Unobservable inputs for which little or no market data exists (Level 3)		Total
December 31, 2020
Money market funds(a)	$	26.6	$	—	$	—	$	26.6
Available for sale investments	—		57.7		—		57.7
Trading securities	22.7		—		—		22.7
Deferred compensation plan liabilities	(22.7)		—		—		(22.7)
Derivatives:
Forward exchange contracts-(Liabilities)(b)	—		(0.8)		—		(0.8)
TOTAL	$	26.6	$	56.9	$	—	$	83.5

(a) Money market funds are reflected in Cash and cash equivalents in the Condensed Consolidated Balance Sheets.

(b) Forward exchange contracts-(Liabilities) are reflected in Other accrued liabilities in the Condensed Consolidated Balance Sheets.