Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Carrying Amounts and Estimated Fair Values of Other Financial Instruments

The following table presents the carrying amounts and estimated fair values of the Company’s other financial instruments at December 31, 2019 and December 31, 2018:

		December 31, 2019						December 31, 2018
	Input	Carrying			Fair			Carrying			Fair
	Level	Amount			Value			Amount			Value
Financial Assets:
Cash equivalents	Level 1	$	65.3		$	65.3		$	234.6		$	234.6
Financial Liabilities:
Short-term borrowings	Level 2		252.9			252.9			1.8			1.8
Floating Rate Senior notes due January 25, 2019	Level 2		0.0			0.0			300.0			299.9
2.45% Senior notes due December 15, 2019	Level 2		0.0			0.0			300.0			297.4
Term loan due May 1, 2022	Level 2		300.0			300.0			0.0			0.0
2.45% Senior notes due August 1, 2022	Level 2		299.8			302.6			299.7			289.7
2.875% Senior notes due October 1, 2022	Level 2		399.9			408.2			399.9			393.0
3.15% Senior notes due August 1, 2027	Level 2		424.7			438.9			424.6			400.0
3.95% Senior notes due August 1, 2047	Level 2		397.3			427.1			397.2			363.7
Business Acquisition Liabilities	Level 3		206.2			206.2			23.0			23.0
Fair value adjustment asset (liability) related to hedged fixed rate debt instrument	Level 2		0.0			0.0			(3.0	)		(3.0	)
Interest Rate Swap Lock Agreement asset (liability)	Level 2		(29.5	)		(29.5	)		(7.0	)		(7.0	)