The company uses the market approach technique to value its financial instruments and there were no changes in valuation techniques during 2013. The company's financial assets and liabilities carried at fair value are primarily comprised of investments in money market funds; derivative contracts, insurance contracts, mutual funds holding publicly traded securities and other investments in unit trusts held as assets to satisfy outstanding deferred compensation and retirement liabilities; and acquisition-related contingent consideration.

The fair value accounting guidance requires that assets and liabilities carried at fair value be classified and disclosed in one of the following three categories:

Level 1: Quoted market prices in active markets for identical assets or liabilities that the company has the ability to access.

Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data such as quoted prices, interest rates and yield curves.

Level 3: Inputs are unobservable data points that are not corroborated by market data.

The following table presents information about the company's financial assets and liabilities measured at fair value on a recurring basis as of September 28, 2013:

			September 28,			Quoted Prices in Active Markets		Significant Other Observable Inputs		Significant Unobservable Inputs
(In millions)				2013		(Level 1)		(Level 2)		(Level 3)

Assets
	Cash equivalents			$	869.5	$	869.5	$	—	$	—
	Investments in mutual funds, unit trusts and other similar instruments				9.6		9.6		—		—
	Insurance contracts				70.6		—		70.6		—
	Auction rate securities				4.2		—		—		4.2
	Derivative contracts				11.2		—		11.2		—

		Total Assets		$	965.1	$	879.1	$	81.8	$	4.2

Liabilities
	Derivative contracts			$	3.3	$	—	$	3.3	$	—
	Contingent consideration				32.9		—		—		32.9

		Total Liabilities		$	36.2	$	—	$	3.3	$	32.9

		The following table presents information about the company’s financial assets and liabilities measured at fair
value on a recurring basis as of December 31, 2012:

			December 31,			Quoted Prices in Active Markets		Significant Other Observable Inputs		Significant Unobservable Inputs
(In millions)				2012		(Level 1)		(Level 2)		(Level 3)

Assets
	Cash equivalents			$	73.6	$	73.6	$	—	$	—
	Investments in mutual funds, unit trusts and other similar instruments				36.6		36.6		—		—
	Insurance contracts				62.5		—		62.5		—
	Auction rate securities				4.3		—		—		4.3
	Derivative contracts				1.6		—		1.6		—

		Total Assets		$	178.6	$	110.2	$	64.1	$	4.3

Liabilities
	Derivative contracts			$	0.8	$	—	$	0.8	$	—
	Contingent consideration				20.1		—		—		20.1

		Total Liabilities		$	20.9	$	—	$	0.8	$	20.1

The company determines the fair value of its insurance contracts by obtaining the cash surrender value of the contracts from the issuer. The fair value of derivative contracts is the estimated amount that the company would receive/pay upon liquidation of the contracts, taking into account the change in interest rates and currency exchange rates. The company determines the fair value of the auction rate securities by obtaining indications of value from brokers/dealers. The company determines the fair value of acquisition-related contingent consideration based on assessment of the probability that the company would be required to make such future payment. Changes to the fair value of contingent consideration are recorded in selling, general and administrative expense. The following tables provide a rollforward of the fair value, as determined by Level 3 inputs, of the auction rate securities and contingent consideration.

			Three Months Ended						Nine Months Ended
		September 28,			September 29,			September 28,			September 29,
(In millions)			2013			2012			2013			2012

Auction Rate Securities
	Beginning Balance		$	4.2		$	4.3		$	4.3		$	4.3
	Sale of securities			—			—			(0.1)			—

	Ending Balance		$	4.2		$	4.3		$	4.2		$	4.3

The company has the ability and intent to hold the auction rate securities to maturity unless they are redeemed earlier by the issuer.

			Three Months Ended						Nine Months Ended
		September 28,			September 29,			September 28,			September 29,
(In millions)			2013			2012			2013			2012

Contingent Consideration
	Beginning Balance		$	33.7		$	4.6		$	20.1		$	1.7
	Additions			—			12.9			—			15.8
	Payments			(0.7)			(0.7)			(0.7)			(1.0)
	Change in fair value included in earnings			(0.1)			—			13.5			0.3

	Ending Balance		$	32.9		$	16.8		$	32.9		$	16.8

The notional amounts of derivative contracts outstanding, consisting of currency exchange contracts and interest rate locks, totaled $1.62 billion and $719 million at September 28, 2013 and December 31, 2012, respectively.

While certain derivatives are subject to netting arrangements with counterparties, the company does not offset derivative assets and liabilities within the consolidated balance sheet. The following tables present the fair value of derivative instruments in the consolidated balance sheet and statement of income.

				Fair Value – Assets					Fair Value – Liabilities
			September 28,			December 31,		September 28,			December 31,
(In millions)				2013		2012			2013		2012

Derivatives Designated as Hedging Instruments
	Interest rate forward swaps (a)			$	10.5	$	—		$	2.5	$	—
Derivatives Not Designated as Hedging Instruments
	Currency exchange contracts (b)				0.7		1.6			0.8		0.8

(a)		The fair value of the interest rate forward swaps is included in the consolidated balance sheet under the captions other current assets and other accrued expenses.
(b)		The fair value of the currency exchange contracts is included in the consolidated balance sheet under the captions other current assets or other accrued expenses.

				Gain (Loss) Recognized
				Three Months Ended						Nine Months Ended
			September 28,			September 29,			September 28,			September 29,
(In millions)					2013			2012			2013			2012

Derivatives Not Designated as Fair Value Hedges
	Currency exchange contracts
		Included in cost of revenues		$	1.5		$	1.2		$	2.0		$	2.6
		Included in other expense, net			(26.8)			(8.8)			(12.0)			(2.2)

Gains and losses recognized on currency exchange contracts are included in the consolidated statement of income together with the corresponding, offsetting losses and gains on the underlying hedged transactions.

The carrying value and fair value of the company's notes receivable and debt obligations are as follows:

			September 28, 2013				December 31, 2012
			Carrying		Fair		Carrying		Fair
(In millions)			Value		Value		Value		Value

Notes Receivable			$	3.8	$	3.8	$	4.7	$	4.7

Debt Obligations:
	Senior notes		$	7,008.2	$	7,085.1	$	7,019.5	$	7,455.2
	Commercial paper			50.0		50.0		50.0		50.0
	Other			53.3		53.3		54.8		54.8

			$	7,111.5	$	7,188.4	$	7,124.3	$	7,560.0

		The fair value of debt obligations was determined based on quoted market prices and on borrowing rates
available to the company at the respective period ends which represent level 2 measurements.