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Fair Value Measurement of Assets and Liabilities (Tables)
9 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
Fair Value Measurement of Assets and Liabilities

The following assets and liabilities are recorded at fair value on a recurring basis (in millions):

 

 

 

As of September 30, 2017

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date Using:

 

Description

 

Recorded

Balance

 

 

Quoted Prices

in Active

Markets for

Identical

Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives, current and long-term

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts

 

$

3.9

 

 

$

-

 

 

$

3.9

 

 

$

-

 

Interest rate swaps

 

 

3.8

 

 

 

-

 

 

 

3.8

 

 

 

-

 

Total Assets

 

$

7.7

 

 

$

-

 

 

$

7.7

 

 

$

-

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives, current and long-term

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

        Foreign currency forward contracts

 

$

39.5

 

 

$

-

 

 

$

39.5

 

 

$

-

 

Contingent payments related to acquisitions

 

 

44.0

 

 

 

-

 

 

 

-

 

 

 

44.0

 

Total Liabilities

 

$

83.5

 

 

$

-

 

 

$

39.5

 

 

$

44.0

 

 

 

 

As of December 31, 2016

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date Using:

 

Description

 

Recorded

Balance

 

 

Quoted Prices

in Active

Markets for

Identical

Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives, current and long-term

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts

 

$

65.3

 

 

$

-

 

 

$

65.3

 

 

$

-

 

Interest rate swaps

 

 

4.0

 

 

 

-

 

 

 

4.0

 

 

 

-

 

Total Assets

 

$

69.3

 

 

$

-

 

 

$

69.3

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives, current and long-term

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

        Foreign currency forward contracts

 

$

0.3

 

 

$

-

 

 

$

0.3

 

 

$

-

 

Contingent payments related to acquisitions

 

 

62.8

 

 

 

-

 

 

 

-

 

 

 

62.8

 

Total Liabilities

 

$

63.1

 

 

$

-

 

 

$

0.3

 

 

$

62.8