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Financial Instruments and Risk Management (Tables)
12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments
Derivatives are recognized in the Consolidated Balance Sheets at their fair values. The following table presents the fair value of derivative instruments at December 31, 2019:
AssetLiability
Balance Sheet
Classification
Fair
Value
Balance Sheet
Classification
Fair
Value
Derivatives designated as hedges:
Foreign exchange forward contractsPrepaid expenses and other$—  Accounts payable$.6  
Derivatives not designated as hedges:
Foreign exchange forward contractsPrepaid expenses and other$5.6  Accounts payable$3.2  
Total derivatives$5.6  $3.8  
The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2019:
 Level 1Level 2Total
Assets:
Available-for-sale securities$4.3  $—  $4.3  
Foreign exchange forward contracts$—  $5.6  $5.6  
Total$4.3  $5.6  $9.9  
Liabilities:
Foreign exchange forward contracts$—  $3.8  $3.8  
Total$—  $3.8  $3.8