Fair Value (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value, Assets Measured on Recurring Basis

The following tables present the fair value hierarchy for those assets and liabilities on the Consolidated Balance Sheets measured at fair value on a recurring basis as of December 31, 2020 and 2019:


	December 31, 2020
	Total		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	320.3	$	318.6	$	1.7	$	—

Restricted cash	0.8		0.8		—		—
Short-term investments	37.6		—		37.6		—

Foreign currency hedges	1.1		—		1.1		—
Total Assets	$	359.8	$	319.4	$	40.4	$	—

Liabilities:
Foreign currency hedges	$	8.1	$	—	$	8.1	$	—
Total Liabilities	$	8.1	$	—	$	8.1	$	—


	December 31, 2019
	Total		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	160.7	$	158.2	$	2.5	$	—
Cash and cash equivalents measured at net asset value	48.8
Restricted cash	6.7		6.7		—		—
Short-term investments	25.7		—		25.7		—
Short-term investments measured at net asset value	0.1
Foreign currency hedges	7.6		—		7.6		—
Total Assets	$	249.6	$	164.9	$	35.8	$	—

Liabilities:
Foreign currency hedges	$	1.4	$	—	$	1.4	$	—
Total Liabilities	$	1.4	$	—	$	1.4	$	—