Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Assets And Liabilities Measured At Fair Value On A Recurring Basis


	Fair Values as of the end of 2021								Fair Values as of the end of 2020

	Quoted prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs				Quoted prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
(In millions)	(Level I)		(Level II)		(Level III)		Total		(Level I)		(Level II)		(Level III)		Total
Assets





Deferred compensation plan (1)	$	44.7	$	—	$	—	$	44.7	$	41.9	$	—	$	—	$	41.9
Derivatives (2)	—		0.1		—		0.1		—		0.9		—		0.9
Total assets measured at fair value	$	44.7	$	0.1	$	—	$	44.8	$	41.9	$	0.9	$	—	$	42.8
Liabilities
Deferred compensation plan (1)	$	44.7	$	—	$	—	$	44.7	$	41.9	$	—	$	—	$	41.9
Derivatives (2)	—		0.2		—		0.2		—		0.5		—		0.5
Contingent consideration (3)	—		—		12.8		12.8		—		—		12.3		12.3
Total liabilities measured at fair value	$	44.7	$	0.2	$	12.8	$	57.7	$	41.9	$	0.5	$	12.3	$	54.7

(1)Represents a self-directed, non-qualified deferred compensation plan for certain executives and other highly compensated employees included in Other non-current assets and Other non-current liabilities on our Consolidated Balance Sheets. The plan is invested in actively traded mutual funds and individual stocks valued using observable quoted prices in active markets.

(2)Represents forward currency exchange contracts that are included in Other current assets and Other current liabilities on our Consolidated Balance Sheets.

(3)Represents arrangements to pay the former owners of certain companies that we acquired that are included in Other current liabilities on our Condensed Consolidated Balance Sheets. The fair values are estimated using scenario-based methods or option pricing methods based upon estimated future revenues, gross margins, or other milestones. The undiscounted maximum payment under the arrangements is $14.8 million at the end of 2021.