FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities Measured on a Recurring Basis

The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of September 30, 2020:

	Level 1		Level 2		Total
Assets:
Available-for-sale securities	$	4.2	$	—	$	4.2
Foreign exchange forward contracts	$	—	$	—	$	—
Total	$	4.2	$	—	$	4.2
Liabilities:
Foreign exchange forward contracts	$	—	$	24.8	$	24.8
Total	$	—	$	24.8	$	24.8

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 1		Level 2		Total
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

Summary of Carrying Value and Fair Value of Financial Instruments

The net asset (liability) amounts recorded in the balance sheet (carrying amount) and the estimated fair values of our remaining financial instruments at September 30, 2020 and December 31, 2019, respectively, consisted of the following:

	September 30, 2020				December 31, 2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Available-for-sale securities	$	4.2	$	4.2	$	4.3	$	4.3
Debt maturing within one year	(30.2)		(30.2)		(1.8)		(1.8)
Long-term debt(1)	(1,566.8)		(1,654.7)		(1,590.4)		(1,748.1)
Foreign exchange forward contracts	(24.8)		(24.8)		1.8		1.8

(1) The carrying value of long-term debt is presented net of debt issuance costs and includes any related discount or premium.