XML 49 R37.htm IDEA: XBRL DOCUMENT v3.19.1
Fair Value Measurement (Tables)
 3 Months Ended
Mar. 31, 2019
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 March 31, 2019 and December 31, 2018 (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

March 31, 2019
 
 
 
 
Money market funds(a)
$
24.8

$
—

$
—

$
24.8

Time Deposits(a)
—

21.3

—

21.3

Available for sale investments
—

47.3

2.5

49.8

Trading securities
17.2

—

—

17.2

Deferred compensation plan liabilities
(17.2
)
—

—

(17.2
)
Derivatives:
 
 
 
 
Forward exchange contracts-Assets(b)
—

0.8

—

0.8

Forward exchange contracts-(Liabilities)(c)
—

(0.1
)
—

(0.1
)
TOTAL
$
24.8

$
69.3

$
2.5

$
96.6

 
 
 
 
 
 
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, 2018
 
 
 
 
Money market funds(a)
$
15.1

$
—

$
—

$
15.1

Time Deposits(a)
—

20.9

—

20.9

Available for sale investments
—

48.9

2.3

51.2

Trading securities
14.3

—

—

14.3

Deferred compensation plan liabilities
(14.3
)
—

—

(14.3
)
Derivatives:
 
 
 
 
Forward exchange contracts-Assets(b)
—

1.6

—

1.6

Forward exchange contracts-(Liabilities)(c)
—

—

—

—

TOTAL
$
15.1

$
71.4

$
2.3

$
88.8

(a) Money market funds and time deposits are reflected in Cash and cash equivalents in the Condensed Consolidated Balance Sheet.
(b) Forward exchange contracts-Assets are reflected in Other current assets in the Condensed Consolidated Balance Sheet.
(c) Forward exchange contracts-(Liabilities) are reflected in Other accrued liabilities in the Condensed Consolidated Balance Sheet.
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, 2019 and 2018 (in millions):
 
Derivative Gain/(Loss) Recognized in
Accumulated Other Comprehensive
Income (net of tax)
Location of Gain/(Loss)
Reclassified into Income
Gain/(Loss) Reclassified into
Earnings Effective Portion (net of tax)
Derivative Instrument
2019

2018

(Effective Portion)
2019

2018

Forward exchange contract
$
(0.3
)
$
0.4

Net sales
$
0.1

$
—

 
 
 
Cost of goods sold
$
0.2

$
(0.2
)