Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2015

Summary of Financial Assets and Liability by Fair Value Hierarchy Level

The following table shows, by level within the fair value hierarchy, our financial assets and liabilities that are accounted for at fair value on a recurring basis at March 31, 2015 and December 31, 2014 (in millions):



Asset (Liability)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Quoted Prices in Active Markets for Similar Assets (Level 2)		Total
March 31, 2015
Money market funds^(a)	$	166.6		$	—	$	166.6
Available for sale investments	—			45.4		45.4
Trading securities	9.7			—		9.7
Deferred compensation plan liabilities	(9.7		)	—		(9.7		)
Derivatives:
Forward exchange contracts	—			1.4		1.4
	$	166.6		$	46.8	$	213.4

	Quoted Prices in Active Markets for Identical Assets (Level 1)			Quoted Prices in Active Markets for Similar Assets (Level 2)		Total
December 31, 2014
Money market funds^(a)	$	365.9		$	—	$	365.9
Available for sale investments	—			43.0		43.0
Trading securities	8.9			—		8.9
Deferred compensation plan liabilities	(8.9		)	—		(8.9		)
Derivatives:
Forward exchange contracts	—			0.7		0.7
	$	365.9		$	43.7	$	409.6

(a) Money market funds are reflected in Cash and cash equivalents in the Condensed Consolidated Balance Sheet.

Summary of Fair Value of Derivative Instruments in the Consolidated Balance Sheet

The fair values of derivative instruments in the Condensed Consolidated Balance Sheet are as follows (in millions):



	Asset/(Liability) Derivatives
		Fair Value
Derivatives designated as hedges	Balance Sheet Location	March 31, 2015		December 31, 2014
Forward exchange contracts designated as cash flow hedges	Deferred taxes and other	$	1.4	$	0.7

Summary of the Results of Cash Flow Hedging Relationships

The following table summarizes the results of cash flow hedging relationships for the three months ended March 31, 2015 and 2014 (in millions):



	Derivative Gain/(Loss) Recognized in Accumulated Other Comprehensive Loss (net of tax)				Location of Gain/(Loss) Reclassified into Income	Gain/(Loss) Reclassified into Earnings (Effective Portion)
Derivative Instrument	2015		2014		(Effective Portion)	2015		2014
Forward exchange contract	$	1.2	$	0.5	Cost of goods sold	$	0.7	$	0.4