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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
Assets and liabilities measured at fair value on a recurring basis are summarized as follows:
 
Fair Value Measurements as of
 
September 30, 2018
 
Total
 
Level 1
 
Level 2
 
Level 3
 
 
 
(in millions)
 
 
Assets
 
 
 
 
 
 
 
Time deposits
$
33.9

 
$
33.9

 
$

 
$

Deferred compensation assets
8.5

 
8.5

 

 

 
$
42.4

 
$
42.4

 
$

 
$

Liabilities
 
 
 
 
 
 
 
Deferred compensation liabilities
$
8.8

 
$
8.8

 
$

 
$

Foreign currency derivatives
2.3

 

 
2.3

 

 
$
11.1

 
$
8.8

 
$
2.3

 
$

 
Fair Value Measurements as of
 
December 31, 2017
 
Total
 
Level 1
 
Level 2
 
Level 3
 
 
 
(in millions)
 
 
Assets
 
 
 
 
 
 
 
Deferred compensation assets
$
7.8

 
$
7.8

 
$

 
$

Liabilities
 
 
 
 
 
 
 
Deferred compensation liabilities
$
8.9

 
$
8.9

 
$

 
$

Schedule of Carrying Value of Financial Instruments
The carrying values of our significant financial instruments reflected in the Consolidated Balance Sheets approximated their respective fair values except for the following instruments:
 
September 30, 2018
 
December 31, 2017
 
Carrying
Value
 
Fair
Value
 
Carrying
Value
 
Fair
Value
 
(in millions)
Long-term debt
$
480.3

 
$
495.1

 
$
618.5

 
$
645.6