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Fair Value (Tables)
 3 Months Ended
Mar. 31, 2016
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, 2016 and December 31, 2015 were (in millions):
2016
Level 1
 
Level 2
 
Level 3
 
Total
Assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
1,747.3

 
 

 
 
 
$
1,747.3

Short-term investments
2.7

 
 

 
 
 
2.7

 Available-for-sale securities
4.8

 
 
 
 
 
4.8

Interest rate and foreign currency derivative instruments
 
 
$
20.4

 
 
 
20.4

 
 
 
 
 
 
 
 
Liabilities:
 

 
 

 
 
 
 

Interest rate and foreign currency derivative instruments
 
 
$
55.2

 
 
 
$
55.2

Contingent purchase price obligations
 
 
 
 
$
424.1

 
424.1

2015
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
2,605.2

 
 

 
 
 
$
2,605.2

Short-term investments
14.5

 
 

 
 
 
14.5

Available-for-sale securities
4.8

 
 

 
 
 
4.8

Interest rate and foreign currency derivative instruments
 
 
$
32.4

 
 
 
32.4

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Interest rate and foreign currency derivative instruments
 
 
$
15.9

 
 
 
$
15.9

Contingent purchase price obligations
 
 
 
 
$
322.0

 
322.0
Changes in Level 3 Contingent Purchase Price Obligations
The changes in Level 3 contingent purchase price obligations for the three months ended March 31, 2016 and 2015 were (in millions):
 
2016
 
2015
January 1
$
322.0

 
$
300.7

Acquisitions
102.5

 
46.3

Revaluation and interest
12.3

 
2.2

Payments
(22.7
)
 
(1.8
)
Foreign currency translation
10.0

 
(14.9
)
March 31
$
424.1

 
$
332.5
Carrying Amounts and Fair Value of Financial Instruments
The carrying amount and fair value of our financial instruments at March 31, 2016 and December 31, 2015 were (in millions):
 
2016
 
2015
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
Assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
1,747.3

 
$
1,747.3

 
$
2,605.2

 
$
2,605.2

Short-term investments
2.7

 
2.7

 
14.5

 
14.5

Available-for-sale securities
4.8

 
4.8

 
4.8

 
4.8

Interest rate and foreign currency derivative instruments
20.4

 
20.4

 
32.4

 
32.4

Cost method investments
14.2

 
14.2

 
21.5

 
21.5

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Short-term debt
$
38.8

 
$
38.8

 
$
5.2

 
$
5.2

Interest rate and foreign currency derivative instruments
55.2

 
55.2

 
15.9

 
15.9

Contingent purchase price obligations
424.1

 
424.1

 
322.0

 
322.0

Long-term debt, including current portion
4,612.9

 
4,744.1

 
4,565.6

 
4,655.9