Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables present information about our financial instruments measured at fair value on a recurring basis as of June 30, 2015, and December 31, 2014, and indicate the fair value hierarchy of the valuation techniques utilized to determine such fair value.

	June 30, 2015												Balance Sheet Classification
	Level 1			Level 2			Level 3			Total
Assets
Cash equivalents	$	357.4		$	0.0		$	0.0		$	357.4		Cash and cash equivalents
Short-term marketable securities	6.7			0.0			0.0			6.7			Marketable securities
Long-term investments	0.5			0.0			0.0			0.5			Other non-current assets
Total	$	364.6		$	0.0		$	0.0		$	364.6
As a percentage of total assets	3.2		%	0.0		%	0.0		%	3.2		%
Liabilities
Mandatorily redeemable noncontrolling interests 1	$	0.0		$	0.0		$	44.9		$	44.9
	December 31, 2014												Balance Sheet Classification
	Level 1			Level 2			Level 3			Total
Assets
Cash equivalents	$	901.4		$	0.0		$	0.0		$	901.4		Cash and cash equivalents
Short-term marketable securities	6.6			0.0			0.0			6.6			Marketable securities
Long-term investments	0.5			0.0			0.0			0.5			Other non-current assets
Total	$	908.5		$	0.0		$	0.0		$	908.5
As a percentage of total assets	7.1		%	0.0		%	0.0		%	7.1		%
Liabilities
Mandatorily redeemable noncontrolling interests 1	$	0.0		$	0.0		$	32.8		$	32.8

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

Fair Value, Liabilities Measured on Recurring Basis, Level 3 Roll Forward

The following table presents additional information about financial instruments measured at fair value on a recurring basis and for which we utilized Level 3 inputs to determine fair value for the three and six months ended June 30, 2015 and 2014.

	Three months ended June 30,						Six months ended June 30,
Liabilities	2015			2014			2015			2014
Mandatorily redeemable noncontrolling interests -    Balance at beginning of period	$	46.8		$	28.9		$	32.8		$	27.0
Level 3 additions	6.8			0.5			21.8			2.5
Level 3 reductions	(10.0		)	(0.6		)	(11.4		)	(0.6		)
Realized losses/(gains) included in net income	0.5			(0.1		)	0.9			(0.2		)
Foreign currency translation	$	0.8		$	0.0		$	0.8		$	0.0
Mandatorily redeemable noncontrolling interests -    Balance at end of period	$	44.9		$	28.7		$	44.9		$	28.7

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis

The following table presents information about our financial instruments that are not measured at fair value on a recurring basis as of June 30, 2015, and December 31, 2014, and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value.

	June 30, 2015								December 31, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Total long-term debt	$	0.0	$	1,560.1	$	79.2	$	1,639.3	$	0.0	$	1,566.0	$	80.4	$	1,646.4