Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2017

Fair values of financial and non-financial assets and liabilities


	Fair Value Measurements
			Quoted Prices in		Significant		Significant
			Active Markets		Observable		Unobservable
			for Identical		Inputs		Inputs
2017	Total		Assets (Level 1)		(Level 2)		(Level 3)
Short-term investments	$	34.6	$	34.6	$	—	$	—
Forward contracts		2.3		—		2.3		—
Total	$	36.9	$	34.6	$	2.3	$	—

2016
Short-term investments	$	138.6	$	138.6	$	—	$	—
Forward contracts		8.4		—		8.4		—
Total	$	147.0	$	138.6	$	8.4	$	—

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details