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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2015
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 March 31, 2015 and December 31, 2014:

 

     March 31, 2015     December 31, 2014  
     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

   $ —        $ 41.7      $ —       $ 41.7      $ —        $ 29.3      $ —       $ 29.3   

Liabilities

     —          (28.5     —         (28.5     —          (23.5     —         (23.5

Available-for-sale securities

     —          —         —         —         —          1.5        —         1.5   

Contingent consideration

     —          —         (39.7     (39.7     —          —         (32.6 )     (32.6
Changes in Fair Value of Contingent Consideration Obligations

Changes in the fair value of the contingent consideration obligations for the three months ended March 31, 2015 were as follows:

 

(in millions)

   2015  

Contingent consideration at January 1,

   $ 32.6   

Acquisitions

     8.1   

Payments

     (0.6

Adjustments and foreign exchange

     (0.4
  

 

 

 

Contingent consideration at March 31,

$ 39.7