Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

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 September 30, 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)		Unobservable inputs for which little or no market data exists (Level 3)		Total
September 30, 2015
Money market funds(a)	$	264.4		$	—	$	—	$	264.4
Available for sale investments	—			43.1		4.8		47.9
Trading securities	9.3			—		—		9.3
Deferred compensation plan liabilities	(9.3		)	—		—		(9.3		)
Derivatives:
Forward exchange contracts-Assets	—			1.3		—		1.3
Forward exchange contracts-(Liabilities)	—			—		—		—
Total	$	264.4		$	44.4	$	4.8	$	313.6
	Quoted Prices in Active Markets for Identical Assets (Level 1)			Quoted Prices in Active Markets for Similar Assets (Level 2)		Unobservable inputs for which little or no market data exists (Level 3)		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-Assets	—			0.7		—		0.7
Forward exchange contracts-(Liabilities)	—			—		—		—
Total	$	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):

	Assets					Liabilities
	Fair Value
Derivatives designated as hedges (Assets)	Balance Sheet Location	September 30, 2015		December 31, 2014		Balance Sheet Location	September 30, 2015		December 31, 2014
Forward exchange contracts designated as cash flow hedges	Deferred taxes and other	$	1.3	$	0.7	Other Current Liabilities	$	—	$	—

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 September 30, 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	$	0.6	$	0.6	Cost of goods sold	$	0.2	$	0.1

The following table summarizes the results of cash flow hedging relationships for the nine months ended September 30, 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	$	1.6	$	0.6	Cost of goods sold	$	1.0	$	0.7