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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and Liabilities Carried at Fair Value on Recurring Basis

The following table summarizes the basis used to measure financial assets and liabilities that are carried at fair value on a recurring basis on the Consolidated Balance Sheets:

 

In millions

 

 

 

 

 

 

Fair Value Measurements Using

 

 

Total as of

December 31, 2017

 

 

Level 1

Inputs

 

 

Level 2

Inputs

 

 

Level 3

Inputs

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

$

0.4

 

 

$

-

 

 

$

0.4

 

 

$

-

 

Total assets

$

0.4

 

 

$

-

 

 

$

0.4

 

 

$

-

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

$

12.4

 

 

$

-

 

 

$

-

 

 

$

12.4

 

Total liabilities

$

12.4

 

 

$

-

 

 

$

-

 

 

$

12.4

 

 

In millions

 

 

 

 

 

 

Fair Value Measurements Using

 

 

Total as of

December 31, 2016

 

 

Level 1

Inputs

 

 

Level 2

Inputs

 

 

Level 3

Inputs

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

$

0.8

 

 

$

-

 

 

$

0.8

 

 

$

-

 

Total assets

$

0.8

 

 

$

-

 

 

$

0.8

 

 

$

-

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

$

24.1

 

 

$

-

 

 

$

-

 

 

$

24.1

 

Total liabilities

$

24.1

 

 

$

-

 

 

$

-

 

 

$

24.1

 

 

Changes to Contingent Consideration

Changes to contingent consideration are reflected in the table below:

 

In millions

 

Contingent consideration as of January 1, 2016

$

25.4

 

Increase due to current year acquisitions

 

1.0

 

Decrease due to payments

 

(3.0

)

Changes due to foreign currency fluctuations

 

2.8

 

Change in fair value reflected in Selling, general, and administrative expenses

 

(2.1

)

Contingent consideration as of December 31, 2016

 

24.1

 

Increase due to current year acquisitions

 

0.1

 

Purchase accounting adjustments

 

(9.6

)

Decrease due to payments

 

(1.5

)

Change in fair value reflected in Selling, general, and administrative expenses

 

(0.4

)

Other

 

(0.3

)

Contingent consideration as of December 31, 2017

$

12.4