Fair Value (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value [Abstract]

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis at March 31, 2014 and December 31, 2013 were (in millions):

March 31, 2014	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	2,082.1					$	2,082.1
Short-term investments	7.0						7.0
Available-for-sale securities	5.0						5.0
Forward foreign exchange contracts			$	0.7			0.7
Liabilities:
Forward foreign exchange contracts			$	0.1			$	0.1
Contingent interest derivative			1.4				1.4
Contingent purchase price obligations					$	256.8	256.8

December 31, 2013	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	2,710.5					$	2,710.5
Short-term investments	18.2						18.2
Available-for-sale securities	4.9						4.9
Forward foreign exchange contracts			$	2.2			2.2
Liabilities:
Forward foreign exchange contracts			$	0.1			$	0.1
Contingent interest derivative			2.1				2.1
Contingent purchase price obligations					$	220.2	220.2

Changes in Level 3 Contingent Purchase Price Obligations

The changes in Level 3 contingent purchase price obligations for the three months ended March 31, 2014 and 2013 were (in millions):

	2014			2013
Balance January 1	$	220.2		$	266.2
Acquisitions	43.2			1.6
Revaluation and interest	(0.8		)	1.4
Payments	(7.8		)	(13.5		)
Foreign currency translation	2.0			(16.1		)
Balance March 31	$	256.8		$	239.6

Carrying Amounts and Fair Value of Financial Instruments

The carrying amount and fair value of our financial instruments at March 31, 2014 and December 31, 2013 were (in millions):

	2014				2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cash and cash equivalents	$	2,082.1	$	2,082.1	$	2,710.5	$	2,710.5
Short-term investments	7.0		7.0		18.2		18.2
Available-for-sale securities	5.0		5.0		4.9		4.9
Forward foreign exchange contracts	0.7		0.7		2.2		2.2
Cost method investments	21.7		21.7		22.2		22.2
Liabilities:
Short-term borrowings	$	7.5	$	7.5	$	5.9	$	5.9
Forward foreign exchange contracts	0.1		0.1		0.1		0.1
Contingent interest derivative	1.4		1.4		2.1		2.1
Contingent purchase price obligations	256.8		256.8		220.2		220.2
Debt	4,031.7		4,335.5		4,033.8		4,302.7