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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Fair Value of Pension Plan Assets
The following table presents the fair value of our domestic and foreign pension plan assets as of December 31, 2013 and 2012, and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value. See Note 12 for a description of the fair value hierarchy.
 
December 31, 2013
 
December 31, 2012
Asset Class
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Investment funds
$
22.2

 
$
359.1

 
$
25.4

 
$
406.7

 
$
22.3

 
$
327.9

 
$
48.2

 
$
398.4

Insurance contracts
0.0

 
22.0

 
0.0

 
22.0

 
0.0

 
24.8

 
0.0

 
24.8

Limited partnerships
0.0

 
0.0

 
36.1

 
36.1

 
0.0

 
0.0

 
39.8

 
39.8

Other
40.2

 
2.5

 
0.6

 
43.3

 
28.6

 
5.5

 
0.3

 
34.4

Total
$
62.4

 
$
383.6

 
$
62.1

 
$
508.1

 
$
50.9

 
$
358.2

 
$
88.3

 
$
497.4

Assets and liabilities measured at fair value on a recurring basis
The following tables present information about our financial instruments measured at fair value on a recurring basis as of December 31, 2013 and 2012, and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value.
 
December 31, 2013
 
Balance Sheet Classification
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Assets
 
 
 
 
 
 
 
 
 
Cash equivalents
$
761.2

 
$
0.0

 
$
0.0

 
$
761.2

 
Cash and cash equivalents
Short-term marketable securities
5.3

 
0.0

 
0.0

 
5.3

 
Marketable securities
Long-term investments
1.6

 
0.0

 
0.0

 
1.6

 
Other assets
Total
$
768.1

 
$
0.0

 
$
0.0

 
$
768.1

 
 
 
 
 
 
 
 
 
 
 
 
As a percentage of total assets
6.0
%
 
0.0
%
 
0.0
%
 
6.0
%
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
Mandatorily redeemable noncontrolling interests 1
$
0.0

 
$
0.0

 
$
27.0

 
$
27.0

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
Balance Sheet Classification
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Assets
 
 
 
 
 
 
 
 
 
Cash equivalents
$
1,806.6

 
$
0.0

 
$
0.0

 
$
1,806.6

 
Cash and cash equivalents
Short-term marketable securities
16.0

 
0.0

 
0.0

 
16.0

 
Marketable securities
Long-term investments
1.5

 
0.0

 
0.0

 
1.5

 
Other assets
Total
$
1,824.1

 
$
0.0

 
$
0.0

 
$
1,824.1

 
 
 
 
 
 
 
 
 
 
 
 
As a percentage of total assets
13.5
%
 
0.0
%
 
0.0
%
 
13.5
%
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
Mandatorily redeemable noncontrolling interests 1
$
0.0

 
$
0.0

 
$
25.3

 
$
25.3

 
 
 
1 
Relates to unconditional obligations to purchase additional noncontrolling equity shares of consolidated subsidiaries. Fair value measurement of the obligation was based upon the amount payable as if the forward contracts were settled. The amount redeemable within the next twelve months is classified in accrued liabilities; any interests redeemable thereafter are classified in other non-current liabilities.

Assets and liabilities measured at fair value on recurring basis - level 3 reconciliation
The following tables present additional information about financial instruments measured at fair value on a recurring basis and for which we utilize Level 3 inputs to determine fair value.
 
 
Years ended December 31,
Liabilities
 
2013
 
2012
Mandatorily redeemable noncontrolling interests -
    Balance at beginning of period
 
$
25.3

 
$
58.9

Level 3 additions
 
0.2

 
0.0

Level 3 reductions
 
0.0

 
(34.9
)
Realized losses included in net income
 
1.5

 
1.4

Foreign currency translation
 
0.0

 
(0.1
)
Mandatorily redeemable noncontrolling interests -
    Balance at end of period
 
$
27.0

 
$
25.3

Assets and liabilities measured at fair value on a nonrecurring
The following table presents information about our financial instruments that are not measured at fair value on a recurring basis as of December 31, 2013, and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value.
 
December 31, 2013
 
Level 1
 
Level 2
 
Level 3
 
Total
Total long-term debt
$
0.0

 
$
1,367.5

 
$
87.2

 
$
1,454.7