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Fair Value Measurements
 3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Fair Value Measurements

4. Fair Value Measurements

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

As of March 31, 2019, our financial assets and liabilities measured at fair value on a recurring basis were categorized as follows:

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available for sale customer trust funds assets

 

$

1,847.7

 

 

$

—

 

 

$

1,847.7

 

(a)

 

$

—

 

Total assets measured at fair value

 

$

1,847.7

 

 

$

—

 

 

$

1,847.7

 

 

 

$

—

 

 

As of December 31, 2018, our financial assets and liabilities measured at fair value on a recurring basis were categorized as follows:

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available for sale customer trust funds assets

 

$

1,719.6

 

 

$

—

 

 

$

1,719.6

 

(a)

 

$

—

 

Total assets measured at fair value

 

$

1,719.6

 

 

$

—

 

 

$

1,719.6

 

 

 

$

—

 

 

(a)

Fair value is based on inputs that are observable for the asset or liability, other than quoted prices.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

During the three months ended March 31, 2019, and the year ended December 31, 2018, we did not re-measure any financial assets or liabilities at fair value on a nonrecurring basis.