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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2015 and December 31, 2014:

 

     June 30, 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

   $ —        $ 30.9      $ —       $ 30.9      $ —        $ 29.3      $ —       $ 29.3   

Liabilities

     —           (25.8     —          (25.8     —           (23.5     —          (23.5

Available-for-sale securities

     —           —          —          —          —           1.5        —          1.5   

Contingent consideration

     —           —          (30.9     (30.9     —           —          (32.6     (32.6
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, 2015 were as follows:

 

(in millions)

   2015  

Contingent consideration at January 1,

   $ 32.6   

Acquisitions

     4.5   

Payments

     (0.6

Adjustments and foreign exchange

     (5.6
  

 

 

 

Contingent consideration at June 30,

$ 30.9