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Fair Value of Assets and Liabilities (Tables)
 6 Months Ended
Jun. 30, 2018
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, 2018
 
December 31, 2017
 
 
 
 
 
 
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
 
$
14.5

 
$
14.5

 
$
—

 
$
81.4

 
$
81.4

 
$
—

Assets held in rabbi trusts
 
Securities and other investments
 
7.5

 
7.5

 
—

 
9.4

 
9.4

 
—

Foreign exchange forward contracts
 
Other current assets
 
15.7

 
—

 
15.7

 
6.7

 
—

 
6.7

Interest rate swaps
 
Other current assets
 
4.6

 
—

 
4.6

 
2.2

 
—

 
2.2

Interest rate swaps
 
Securities and other investments
 
9.6

 
—

 
9.6

 
7.6

 
—

 
7.6

Total
 
 
 
$
51.9

 
$
22.0

 
$
29.9

 
$
107.3

 
$
90.8

 
$
16.5

Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange forward contracts
 
Other current liabilities
 
$
18.5

 
$
—

 
$
18.5

 
$
10.2

 
$
—

 
$
10.2

Interest rate swaps
 
Other current liabilities
 
5.4

 
—

 
5.4

 
5.5

 
—

 
5.5

Deferred compensation
 
Other liabilities
 
7.5

 
7.5

 
—

 
9.4

 
9.4

 
—

Total
 
 
 
$
31.4

 
$
7.5

 
$
23.9

 
$
25.1

 
$
9.4

 
$
15.7
Fair value and carrying value of the Company's debt instruments
The carrying amount of the Company's debt instruments approximates fair value except for the 2024 Senior Notes. The fair value and carrying value of the 2024 Senior Notes are summarized as follows:
 
 
June 30, 2018
 
December 31, 2017
 
 
Fair Value
 
Carrying
Value
 
Fair Value
 
Carrying
Value
2024 Senior Notes
 
383.1

 
400.0

 
425.0

 
400.0