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Fair Value of Assets and Liabilities (Tables)
6 Months Ended
Jun. 30, 2020
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, 2020December 31, 2019
  Fair Value Measurements Using Fair Value Measurements Using
 Classification on condensed consolidated Balance SheetsFair ValueLevel 1Level 2Fair ValueLevel 1Level 2
Assets
Short-term investments
Certificates of depositShort-term investments$9.0  $9.0  $—  $10.0  $10.0  $—  
Assets held in rabbi trustsSecurities and other investments5.7  5.7  —  6.2  6.2  —  
Foreign exchange forward contractsOther current assets4.3  —  4.3  2.9  —  2.9  
Interest rate swapsOther current assets—  —  —  1.7  —  1.7  
Interest rate swapsSecurities and other investments—  —  —  0.1  —  0.1  
Total$19.0  $14.7  $4.3  $20.9  $16.2  $4.7  
Liabilities
Foreign exchange forward contractsOther current liabilities$6.3  $—  $6.3  $2.9  $—  $2.9  
Interest rate swapsOther liabilities12.2  —  12.2  2.3  —  2.3  
Deferred compensationOther liabilities5.7  5.7  —  6.2  6.2  —  
Total$24.2  $5.7  $18.5  $11.4  $6.2  $5.2  
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, 2020December 31, 2019
 Fair ValueCarrying
Value
Fair ValueCarrying
Value
2024 Senior Notes$320.5  $400.0  $387.0  $400.0