FAIR VALUE MEASUREMENT (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities that are Recorded at Fair Value and Classified Based on the Lowest Level of Input

The following tables set forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis at December 31:

	2018
(in millions)	Total		Level 1		Level 2		Level 3
Assets
Cross currency interest rate swaps	$	11.6	$	—	$	11.6	$	—
Foreign exchange forward contracts	33.7		—		33.7		—
Total assets	$	45.3	$	—	$	45.3	$	—
Liabilities
Interest rate swaps	$	0.2	$	—	$	0.2	$	—
Foreign exchange forward contracts	3.2		—		3.2		—
Contingent considerations on acquisitions	9.1		—		—		9.1
Total liabilities	$	12.5	$	—	$	3.4	$	9.1

	2017
(in millions)	Total		Level 1		Level 2		Level 3
Assets
Foreign exchange forward contracts	$	4.8	$	—	$	4.8	$	—
Available-for-sale security	54.4		—		54.4		—
Total assets	$	59.2	$	—	$	59.2	$	—
Liabilities
Interest rate swaps	$	0.4	$	—	$	0.4	$	—
Foreign exchange forward contracts	21.6		—		21.6		—
Contingent considerations on acquisitions	8.6		—		—		8.6
Total liabilities	$	30.6	$	—	$	22.0	$	8.6

Reconciliation of the Company's Assets Measured at Fair Value on a Recurring Basis Using Unobservable Inputs (Level 3)

The Company’s Level 3 liabilities at December 31, 2018 are related to earn-out obligations on prior acquisitions that were assumed as part of the merger with Sirona. The following table presents a reconciliation of the Company’s Level 3 holdings measured at fair value on a recurring basis using unobservable inputs:

(in millions)	Level 3
Balance, December 31, 2016	$	7.6
Unrealized gain:
Reported in Other expense (income), net	0.1
Effect of exchange rate changes	0.9
Balance, December 31, 2017	$	8.6
Unrealized gain:
Reported in Other expense (income), net	0.9
Effect of exchange rate changes	(0.4)
Balance, December 31, 2018	$	9.1