Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value of Financial Instruments

Schedule of financial instruments measured at fair value on a recurring basis

        The following tables set forth the Company's financial instruments and presents them within the fair value hierarchy using the lowest level of input that is significant to the fair value measurement at December 31, 2017 and 2016 (in millions):

December 31, 2017	Total		Quoted Prices in Active Markets Available (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Foreign exchange contracts	$	4.5	$	—	$	4.5	$	—
Embedded derivatives in purchase and delivery contracts		0.9		—		0.9		—
Fixed price commodity contracts		0.8		—		0.8		—
Total assets recorded at fair value	$	6.2	$	—	$	6.2	$	—
Liabilities:
Contingent consideration	$	12.7	$	—	$	—	$	12.7
Foreign exchange contracts		0.1		—		0.1		—
Embedded derivatives in purchase and delivery contracts		2.9		—		2.9		—
Total liabilities recorded at fair value	$	15.7	$	—	$	3.0	$	12.7

December 31, 2016	Total		Quoted Prices in Active Markets Available (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Embedded derivatives in purchase and delivery contracts	$	4.0	$	—	$	4.0	$	—
Fixed price commodity contracts		0.2		—		0.2		—
Total assets recorded at fair value	$	4.2	$	—	$	4.2	$	—
Liabilities:
Contingent consideration	$	16.6	$	—	$	—	$	16.6
Foreign exchange contracts		1.4		—		1.4		—
Embedded derivatives in purchase and delivery contracts		0.3		—		0.3		—
Total liabilities recorded at fair value	$	18.3	$	—	$	1.7	$	16.6

Schedule of changes in contingent consideration liabilities

        The following table sets forth the changes in contingent consideration liabilities for the years ended December 31, 2017 and 2016 (in millions):

Balance at December 31, 2015	$	4.6
Current period additions		5.1
Current period adjustments		6.9
Balance at December 31, 2016		16.6
Current period additions		5.0
Current period adjustments		2.3
Current period settlements		(11.7	)
Foreign currency effect		0.5
Balance at December 31, 2017	$	12.7