Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

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 June 30, 2020 and December 31, 2019:

		June 30, 2020						December 31, 2019
	Input	Carrying			Fair			Carrying			Fair
	Level	Amount			Value			Amount			Value
Financial Assets:
Cash equivalents	Level 1	$	226.8		$	226.8		$	65.3		$	65.3
Financial Liabilities:
Short-term borrowings	Level 2		65.8			65.8			252.9			252.9
Term loan due May 1, 2022	Level 2		300.0			300.0			300.0			300.0
2.45% Senior notes due August 1, 2022	Level 2		299.8			310.4			299.8			302.6
2.875% Senior notes due October 1, 2022	Level 2		399.9			418.5			399.9			408.2
3.15% Senior notes due August 1, 2027	Level 2		424.7			465.8			424.7			438.9
3.95% Senior notes due August 1, 2047	Level 2		397.4			470.1			397.3			427.1
Interest Rate Swap Lock Agreement asset (liability)	Level 2		(67.6	)		(67.6	)		(29.5	)		(29.5	)
Business Acquisition Liabilities	Level 3		171.0			171.0			206.2			206.2