Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Schedule 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 September 30, 2023 and December 31, 2022 (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
September 30, 2023
Money market funds(a)	$	357.6	$	—	$	—	$	357.6
Available for sale investments	—		58.2		—		58.2
Trading securities	21.3		—		—		21.3
Deferred compensation plan liabilities	(21.3)		—		—		(21.3)
Derivatives:
Forward exchange contracts-Assets(b)	—		0.3		—		0.3
TOTAL	$	357.6	$	58.5	$	—	$	416.1
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, 2022
Money market funds(a)	$	147.9	$	—	$	—	$	147.9
Time Deposits(a)	—		4.8		—		4.8
Available for sale investments	—		61.4		—		61.4
Trading securities	18.8		—		—		18.8
Deferred compensation plan liabilities	(18.8)		—		—		(18.8)
Derivatives:
Forward exchange contracts-Assets(b)	—		1.1		—		1.1
TOTAL	$	147.9	$	67.3	$	—	$	215.2

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

(b) Forward exchange contracts-Assets are reflected in Other current assets in the Condensed Consolidated Balance Sheets.