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Fair Value (Tables)
 9 Months Ended
Sep. 30, 2020
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 were (in millions):
September 30, 2020
Level 1Level 2Level 3Total
Assets:    
Cash and cash equivalents$3,278.3  $3,278.3 
Short-term investments—  — 
Marketable equity investments1.5 1.5 
Foreign currency derivatives$0.3 0.3 
Liabilities:   
Foreign currency derivative$0.3 $0.3 
Contingent purchase price obligations$95.3 95.3 

December 31, 2019
Level 1Level 2Level 3Total
Assets:    
Cash and cash equivalents$4,305.7  $4,305.7 
Short-term investments3.6  3.6 
Marketable equity investments1.6  1.6 
Foreign currency derivative instruments$0.6 0.6 
Liabilities:
Foreign currency derivatives0.4 0.4 
Contingent purchase price obligations$107.7 107.7 
Changes in Contingent Purchase Price Obligations
Changes in contingent purchase price obligations were (in millions):
Nine Months Ended September 30,
20202019
January 1$107.7 $146.5 
Acquisitions10.0 42.9 
Revaluation and interest2.0 2.2 
Payments(25.4)(43.7)
Foreign currency translation1.0 (3.0)
September 30
$95.3 $144.9 
Carrying Amount and Fair Value of Financial Assets and Liabilities
The carrying amount and fair value of our financial assets and liabilities were (in millions):
 September 30, 2020December 31, 2019
Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Assets:    
Cash and cash equivalents$3,278.3 $3,278.3 $4,305.7 $4,305.7 
Short-term investments— — 3.6 3.6 
Marketable equity securities1.5 1.5 1.6 1.6 
Non-marketable equity securities8.9 8.9 9.0 9.0 
Foreign currency derivatives0.3 0.3 0.6 0.6 
Liabilities:    
Short-term debt$23.6 $23.6 $10.1 $10.1 
Foreign currency derivatives0.3 0.3 0.4 0.4 
Contingent purchase price obligations95.3 95.3 107.7 107.7 
Long-term debt, including current portion5,761.5 6,242.7 5,134.3 5,316.4