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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis
The following tables present assets and liabilities measured at fair value on a recurring basis (in millions):
 
 
 
Fair Value Measurements at
Reporting Date Using
 
December 31,
2017
 
Quoted prices
in Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Money market funds (1)
$
180.0

 
$
180.0

 
$
—

 
$
—

Equity securities (2)
45.4

 
45.4

 
—

 
—

Seed capital investments (2)
12.1

 
12.1

 
—

 
—

Deferred compensation liabilities (3)
(33.6
)
 
(33.6
)
 
—

 
—

Derivative instruments (3)
(0.1
)
 
—

 
(0.1
)
 
—

Total
$
203.8

 
$
203.9

 
$
(0.1
)
 
$
—

 
 
 
Fair Value Measurements at
Reporting Date Using
 
December 31,
2016
 
Quoted prices
in Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Money market funds (1)
$
437.0

 
$
437.0

 
$
—

 
$
—

Equity securities (2)
188.4

 
188.4

 
—

 
—

Seed capital investments (2)
61.0

 
61.0

 
—

 
—

Deferred compensation liabilities (3)
(7.9
)
 
(7.9
)
 
—

 
—

Securities sold short (3)
(8.2
)
 
(8.2
)
 
—

 
—

Derivative instruments (3)
(0.4
)
 
—

 
(0.4
)
 
—

Total
$
669.9

 
$
670.3

 
$
(0.4
)
 
$
—

_______________________________________________________________________
(1) Included in Cash and cash equivalents, Funds held on behalf of clients, and Other current assets on our Consolidated Balance Sheet.
(2) Included in Investments on our Consolidated Balance Sheet.
(3) Included in Other current assets and Other liabilities on our Consolidated Balance Sheet.