Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

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 that are measured at fair value on a recurring basis and presents them within the fair value hierarchy using the lowest level of input that is significant to the fair value measurement at March 31, 2016 and December 31, 2015 (in millions):

March 31, 2016	Total		Quoted Prices in Active Markets Available (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Short-term investments	$	210.6	$	210.6	$	—	$	—
Restricted cash	1.7		1.7		—		—
Foreign exchange contracts	1.1		—		1.1		—
Embedded derivatives in purchase and delivery contracts	0.1		—		0.1		—
Long-term restricted cash	2.7		2.7		—		—
Total assets recorded at fair value	$	216.2	$	215.0	$	1.2	$	—
Liabilities:
Contingent consideration	$	4.6	$	—	$	—	$	4.6
Foreign exchange contracts	0.2		—		0.2		—
Embedded derivatives in purchase and delivery contracts	0.4		—		0.4		—
Fixed price commodity contracts	0.3		—		0.3		—
Total liabilities recorded at fair value	$	5.5	$	—	$	0.9	$	4.6

December 31, 2015	Total		Quoted Prices in Active Markets Available (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Short-term investments	$	201.2	$	201.2	$	—	$	—
Restricted cash	1.5		1.5		—		—
Embedded derivatives in purchase and delivery contracts	0.5		—		0.5		—
Long-term restricted cash	2.6		2.6		—		—
Total assets recorded at fair value	$	205.8	$	205.3	$	0.5	$	—
Liabilities:
Contingent consideration	$	4.6	$	—	$	—	$	4.6
Foreign exchange contracts	1.3		—		1.3		—
Embedded derivatives in purchase and delivery contracts	0.5		—		0.5		—
Fixed price commodity contracts	0.4		—		0.4		—
Total liabilities recorded at fair value	$	6.8	$	—	$	2.2	$	4.6