Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

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
	December 31, 2019		December 31, 2018
	(in millions)
Assets
Time deposits	$	22.9	$	33.4
Foreign currency derivatives	12.3		4.5
Deferred compensation assets	10.9		8.6
	$	46.1	$	46.5
Liabilities
Deferred compensation liabilities	$	11.3	$	8.9
Foreign currency derivatives	0.6		—
	$	11.9	$	8.9

Schedule of Carrying Value of Financial Instruments

The carrying values of our significant financial instruments reflected in the Consolidated Balance Sheets approximate their respective fair values, except for the following:

	December 31, 2019				December 31, 2018
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(in millions)
Long-term debt	$	629.3	$	658.0	$	464.9	$	462.1