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Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule 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, 2024 and December 31, 2023 (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, 2024   
Money market funds(a)
$144.2 $— $— $144.2 
Available for sale investments— 62.3 — 62.3 
Trading securities25.1 — — 25.1 
Deferred compensation plan liabilities(25.1)— — (25.1)
Derivatives:
Forward exchange contracts-Assets(b)
— 0.2 — 0.2 
Forward exchange contracts-(Liabilities)(c)
— (0.1)— (0.1)
TOTAL$144.2 $62.4 $ $206.6 
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
December 31, 2023   
Money market funds(a)
$105.1 $— $— $105.1 
Available for sale investments— 65.0 — 65.0 
Trading securities23.4 — — 23.4 
Deferred compensation plan liabilities(23.4)— — (23.4)
Derivatives:
Forward exchange contracts-(Liabilities)(c)
— (0.5)— (0.5)
TOTAL$105.1 $64.5 $ $169.6 
(a) Money market funds are reflected in Cash and cash equivalents in the Condensed Consolidated Balance Sheets.
(b) Forward exchange contracts-Assets are reflected in Other current assets in the Condensed Consolidated Balance Sheets.
(c) Forward exchange contracts-(Liabilities) are reflected in Other accrued liabilities in the Condensed Consolidated Balance Sheets.