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Fair Value of Assets and Liabilities (Tables)
 6 Months Ended
Jun. 30, 2017
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:
 
 
 
 
June 30, 2017
 
December 31, 2016
 
 
 
 
 
 
Fair Value Measurements Using
 
 
 
Fair Value Measurements Using
 
 
Classification on condensed consolidated Balance Sheets
 
Fair Value
 
Level 1
 
Level 2
 
Fair Value
 
Level 1
 
Level 2
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Short-term investments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Certificates of deposit
 
Short-term investments
 
$
76.9

 
$
76.9

 
$
—

 
$
64.1

 
$
64.1

 
$
—

Assets held in rabbi trusts
 
Securities and other investments
 
8.9

 
8.9

 
—

 
8.5

 
8.5

 
—

Foreign exchange forward contracts
 
Other current assets
 
4.3

 
—

 
4.3

 
7.2

 
—

 
7.2

Internal currency swap
 
Other current assets
 
2.9

 
—

 
2.9

 
—

 
—

 
—

Interest rate swaps
 
Other current assets
 
0.6

 
—

 
0.6

 
—

 
—

 
—

Interest rate swaps
 
Securities and other investments
 
6.3

 
—

 
6.3

 
8.4

 
—

 
8.4

Internal currency swap
 
Other assets
 
13.4

 
—

 
13.4

 
—

 
—

 
—

Total
 
 
 
$
113.3

 
$
85.8

 
$
27.5

 
$
88.2

 
$
72.6

 
$
15.6

Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange forward contracts
 
Other current liabilities
 
$
5.4

 
$
—

 
$
5.4

 
$
7.7

 
$
—

 
$
7.7

Interest rate swaps
 
Other current liabilities
 
6.9

 
—

 
6.9

 
6.9

 
—

 
6.9

Internal currency swap
 
Other current liabilities
 
2.9

 
—

 
2.9

 
—

 
—

 
—

Internal currency swap
 
Other liabilities
 
13.4

 
—

 
13.4

 
—

 
—

 
—

Deferred compensation
 
Other liabilities
 
8.9

 
8.9

 
—

 
8.5

 
8.5

 
—

Total
 
 
 
$
37.5

 
$
8.9

 
$
28.6

 
$
23.1

 
$
8.5

 
$
14.6
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:
 
 
June 30, 2017
 
December 31, 2016
 
 
Fair Value
 
Carrying
Value
 
Fair Value
 
Carrying
Value
Notes payable
 
$
112.5

 
$
112.5

 
$
106.9

 
$
106.9

 
 
 
 
 
 
 
 
 
Term Loan A Facility
 
189.8

 
189.8

 
201.3

 
201.3

Delayed Draw Term Loan A Facility
 
235.9

 
235.9

 
—

 
—

Term Loan B Facility - USD
 
469.1

 
469.1

 
787.5

 
787.5

Term Loan B Facility - Euro
 
468.3

 
468.3

 
363.5

 
363.5

2024 Senior Notes
 
446.0

 
400.0

 
426.0

 
400.0

Other
 
0.6

 
0.6

 
0.8

 
0.8

Long-term deferred financing fees
 
(55.3
)
 
(55.3
)
 
(61.7
)
 
(61.7
)
Long-term debt
 
1,833.5

 
1,787.5

 
1,717.4

 
1,691.4

Total debt instruments
 
$
1,946.0

 
$
1,900.0

 
$
1,824.3

 
$
1,798.3