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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2018
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 Condensed Consolidated Balance Sheets:

 

In millions

 

 

 

 

 

 

Fair Value Measurements Using

 

 

Total as of

June 30, 2018

 

 

Level 1

Inputs

 

 

Level 2

Inputs

 

 

Level 3

Inputs

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

$

0.3

 

 

$

-

 

 

$

0.3

 

 

$

-

 

Total assets

$

0.3

 

 

$

-

 

 

$

0.3

 

 

$

-

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

$

10.5

 

 

$

-

 

 

$

-

 

 

$

10.5

 

Total liabilities

$

10.5

 

 

$

-

 

 

$

-

 

 

$

10.5

 

 

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

 

 

Changes to Contingent Consideration

Changes to contingent consideration were as follows:

 

In millions

 

Contingent consideration as of January 1, 2017

$

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

)

Changes due to foreign currency fluctuations and other

 

(0.3

)

Contingent consideration as of December 31, 2017

 

12.4

 

Purchase accounting adjustments

 

(0.4

)

Decrease due to payments

 

(1.3

)

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

 

0.4

 

Changes due to foreign currency fluctuations

 

(0.6

)

Contingent consideration as of June 30, 2018

$

10.5