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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2017
Fair Value Disclosures [Abstract] |
Assets And Liabilities Measured On A Recurring Basis At Fair Value | Assets and liabilities measured at fair value on a recurring basis were as follows:
| March 31, 2017 |  | December 31, 2016
(In millions) | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonqualified Plan: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Traded securities (1) | $ | 26.2 |  |  | $ | 26.2 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Money market fund | 1.7 |  |  | — |  |  | 1.7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Stable value fund (2) | 0.8 |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |
Available-for-sale securities | 29.5 |  |  | 29.5 |  |  | — |  |  | — |  |  | 27.9 |  |  | 27.9 |  |  | — |  |  | — |
Derivative financial instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Synthetic bonds - call option premium | 108.4 |  |  | — |  |  | 108.4 |  |  | — |  |  | 180.1 |  |  | — |  |  | 180.1 |  |  | — |
Foreign exchange contracts | 104.9 |  |  | — |  |  | 104.9 |  |  | — |  |  | 57.9 |  |  | — |  |  | 57.9 |  |  | — |
Total assets | $ | 271.5 |  |  | $ | 55.7 |  |  | $ | 215.0 |  |  | $ | — |  |  | $ | 265.9 |  |  | $ | 27.9 |  |  | $ | 238.0 |  |  | $ | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Redeemable financial liability | $ | 243.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 243.7 |  |  | $ | 176.0 |  |  | $ | — |  |  | $ | — |  |  | $ | 176.0 |
Derivative financial instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Synthetic bonds - embedded derivatives | 108.4 |  |  | — |  |  | 108.4 |  |  | — |  |  | 180.1 |  |  | — |  |  | 180.1 |  |  | — |
Foreign exchange contracts | 230.8 |  |  | — |  |  | 230.8 |  |  | — |  |  | 230.6 |  |  | — |  |  | 230.6 |  |  | — |
Total liabilities | $ | 582.9 |  |  | $ | — |  |  | $ | 339.2 |  |  | $ | 243.7 |  |  | $ | 586.7 |  |  | $ | — |  |  | $ | 410.7 |  |  | $ | 176.0 |
_______________________
(1) | Includes equity securities, fixed income and other investments measured at fair value.
(2) | Certain investments that are measured at fair value using net asset value per share (or its equivalent) have not been classified in the fair value hierarchy.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation | Changes in the fair value of our Level 3 mandatorily redeemable financial liability is presented below. Since the liability was created during the three months ended December 31, 2016, no changes in fair value are presented for the prior period.
(In millions) |  | Three Months Ended March 31, 2017
Balance at beginning of period |  | $ | 176.0 |
Remeasurement adjustment included in earnings |  | 67.7 |
Settlements |  | — |
Balance at end of period |  | $ | 243.7 |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments | The fair value of our Synthetic Bonds, Senior Notes and private placement notes are as follows:
| March 31, 2017 |  | December 31, 2016
(In millions) | Carrying Amount (1) |  | Fair Value (2) |  | Carrying Amount (1) |  | Fair Value (2)
Synthetic bonds due 2021 | $ | 441.5 |  |  | $ | 633.6 |  |  | $ | 428.0 |  |  | $ | 663.2 |
2.00% Senior Notes due 2017 | 300.0 |  |  | 300.6 |  |  | — |  |  | — |
3.45% Senior Notes due 2022 | 500.0 |  |  | 506.8 |  |  | — |  |  | — |
5.00% Notes due 2020 | 215.0 |  |  | 240.8 |  |  | 209.7 |  |  | 237.7 |
3.40% Notes due 2022 | 161.9 |  |  | 178.0 |  |  | 158.0 |  |  | 177.6 |
3.15% Notes due 2023(a) | 139.5 |  |  | 154.5 |  |  | 136.1 |  |  | 152.0 |
3.15% Notes due 2023 | 134.8 |  |  | 146.5 |  |  | 131.4 |  |  | 142.5 |
4.00% Notes due 2027 | 81.0 |  |  | 90.9 |  |  | 79.0 |  |  | 89.5 |
4.00% Notes due 2032 | 103.8 |  |  | 123.3 |  |  | 101.2 |  |  | 122.1 |
3.75% Notes due 2033 | 104.4 |  |  | 108.2 |  |  | 101.8 |  |  | 104.1 |
_______________________
(1) | Carrying amounts are shown net of unamortized debt discounts and premiums and unamortized debt issuance costs.
(2) | Fair values are based on Level 1 quoted market rates, except for the 4.00% Notes due 2027 and 3.15% Notes Due 2023(a), which are based on Level 2, quoted market rates on similar liabilities with an appropriate credit spread applied.

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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
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