Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Financial Assets and Liabilities Accounted for at Fair Value

The following tables show, by level within the fair value hierarchy, the Company’s financial assets and liabilities that are accounted for at fair value on a recurring basis at December 31, 2015 and 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
Money market funds^(a)	$	210.9		$	—		$	—	$	210.9
Available for sale investments	—			47.4			4.6		52.0
Trading securities	9.7			—			—		9.7
Deferred compensation plan liabilities	(9.7		)	—			—		(9.7		)
Derivatives:
Forward exchange contracts-Assets	—			2.5			—		2.5
Forward exchange contracts-(Liabilities)	—			(0.1		)	—		(0.1		)
BALANCE AT DECEMBER 31, 2015	$	210.9		$	49.8		$	4.6	$	265.3



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
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)	—			—		—		—
BALANCE AT DECEMBER 31, 2014	$	365.9		$	43.7	$	—	$	409.6


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

Schedule of Derivative Instruments and Cash Flow Hedging Relationships

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



		Assets				Liabilities
		Fair Value at December 31,				Fair Value at December 31,
Derivatives designated as hedges	Balance Sheet Location	2015		2014		2015		2014
Forward exchange contracts designated as cash flow hedges	Deferred taxes and other	$	2.5	$	0.7	$	—	$	—

The following table summarizes the results of cash flow hedging relationships for years ended December 31, (in millions):



	Derivative Gain/(Loss) Recognized in Accumulated Other Comprehensive Loss, net of tax				Location of Gain/(Loss) when reclassified	Gain/(Loss) Reclassified into Earnings (Effective Portion)
Derivative Instrument	2015		2014		(Effective Portion)	2015		2014
Forward exchange contract	$	1.7	$	0.9	Cost of goods sold	$	0.3	$	1.0