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Fair Value (Tables)
 12 Months Ended
Dec. 31, 2021
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):
December 31, 2021Level 1Level 2Level 3Total
Assets:    
Cash and cash equivalents$5,316.8  $5,316.8 
Marketable equity securities1.1 1.1 
Foreign currency derivatives$0.3 0.3 
Liabilities:   
Foreign currency derivatives$0.1 $0.1 
Contingent purchase price obligations$167.1 167.1 
December 31, 2020
Assets:
Cash and cash equivalents$5,600.5  $5,600.5 
Marketable equity securities1.6  1.6 
Foreign currency derivatives$0.6 0.6 
Liabilities: 
Foreign currency derivatives0.3 0.3 
Contingent purchase price obligations$71.9 71.9 
Changes in Contingent Purchase Price Obligations Changes in contingent purchase price obligations were (in millions):
December 31,
20212020
January 1$71.9 $107.7 
Acquisitions120.4 14.4 
Revaluation and interest0.4 (21.9)
Payments(22.6)(31.3)
Foreign currency translation(3.0)3.0 
December 31$167.1 $71.9 
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):
December 31,
 20212020
Carrying
Amount
Fair
Value
Carrying
Amount
Fair
Value
Assets:    
Cash and cash equivalents$5,316.8 $5,316.8 $5,600.5 $5,600.5 
Marketable equity securities1.1 1.1 1.6 1.6 
Non-marketable equity securities6.5 6.5 8.9 8.9 
Foreign currency derivatives0.3 0.3 0.6 0.6 
Liabilities:    
Short-term debt$9.6 $9.6 $3.9 $3.9 
Foreign currency derivatives0.1 0.1 0.3 0.3 
Contingent purchase price obligations167.1 167.1 71.9 71.9 
Long-term debt5,685.7 6,011.6 5,807.3 6,380.6