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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2014
Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2014 and December 31, 2013:

 

     June 30, 2014     December 31, 2013  
     Fair Value Asset (Liability)     Fair Value Asset (Liability)  

(in millions)

   Level 1      Level 2     Level 3      Total     Level 1      Level 2     Level 3      Total  

Derivatives:

                    

Assets

   $ —        $ 6.9      $ —        $ 6.9      $ —        $ 19.5      $ —        $ 19.5   

Liabilities

     —           (19.8     —           (19.8     —           (19.7     —           (19.7

Available-for-sale securities

     —           16.4        —           16.4        —           12.0        —           12.0   

Contingent consideration

     —           —          34.7         34.7        —           —          43.0         43.0   
Changes in Fair Value of Contingent Consideration Obligations

Changes in the fair value of the contingent consideration obligations for the six months ended June 30, 2014 were as follows:

 

(in millions)

   2014  

Contingent consideration at January 1,

   $ 43.0   

Payments

     (9.3

Adjustments and foreign exchange

     1.0   
  

 

 

 

Contingent consideration at June 30,

   $ 34.7