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Fair Value of Assets and Liabilities (Tables)
 12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Recorded at Fair Market Value
Assets and liabilities subject to fair value measurement are as follows:
 
December 31, 2015
 
December 31, 2014
 
 
 
Fair Value Measurements Using
 
 
 
Fair Value Measurements Using
 
Fair Value
 
Level 1
 
Level 2
 
Fair Value
 
Level 1
 
Level 2
Assets
 
 
 
 
 
 
 
 
 
 
 
Short-term investments
 
 
 
 
 
 
 
 
 
 
 
Certificates of deposit
$
39.9

 
$
39.9

 
$
—

 
$
136.7

 
$
136.7

 
$
—

Assets held in rabbi trusts
9.3

 
9.3

 
—

 
9.7

 
9.7

 
—

Foreign exchange forward contracts
3.5

 
—

 
3.5

 
3.0

 
—

 
3.0

Foreign exchange option contracts
7.0

 
—

 
7.0

 
—

 
—

 
—

Total
$
59.7

 
$
49.2

 
$
10.5

 
$
149.4

 
$
146.4

 
$
3.0

 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
Deferred compensation
$
9.3

 
$
9.3

 
$
—

 
$
9.7

 
$
9.7

 
$
—

Foreign exchange forward contracts
1.5

 
—

 
1.5

 
1.0

 
—

 
1.0

Interest rate swaps
—

 
—

 
—

 
1.2

 
—

 
1.2

Total
$
10.8

 
$
9.3

 
$
1.5

 
$
11.9

 
$
9.7

 
$
2.2
Fair value and carrying value of the Company's debt instruments
The fair value and carrying value of the Company’s debt instruments are summarized as follows:
 
December 31, 2015
 
December 31, 2014
 
Fair Value
 
Carrying Value
 
Fair Value
 
Carrying Value
Notes payable
$
32.0

 
$
32.0

 
$
25.6

 
$
25.6

Long-term debt
613.0

 
613.1

 
483.6

 
479.8

Total debt instruments
$
645.0

 
$
645.1

 
$
509.2

 
$
505.4