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Fair Value Measurements (Tables)
9 Months Ended
Sep. 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 September 30, 2014 and December 31, 2013:

 

     September 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

   $ —        $ 23.0      $ —       $ 23.0      $ —        $ 19.5      $ —       $ 19.5   

Liabilities

     —          (19.5     —         (19.5     —          (19.7     —         (19.7

Available-for-sale securities

     —          11.7        —         11.7        —          12.0        —         12.0   

Contingent consideration

     —          —         (35.2     (35.2     —          —         (43.0     (43.0
Contingent Consideration Activity

The contingent consideration activity for the nine months ended September 30, 2014 is as follows:

 

(in millions)

   2014  

Contingent consideration at January 1,

   $ 43.0   

Payments

     (9.3

Adjustments and foreign exchange

     1.5   
  

 

 

 

Contingent consideration at September 30,

   $ 35.2