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Fair Value Measurements (Notes) | 9 Months Ended
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Sep. 30, 2015
Fair Value Disclosures [Abstract] |
Fair Value Measurements | Fair Value Measurements Authoritative guidance for fair value measurements establishes a fair value hierarchy which requires us to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair value:
Level 1 |  | Unadjusted quoted prices in active markets for identical assets or liabilities. An active market for the asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.
Level 2 |  | Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
Level 3 |  | Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
Financial Instruments that are Measured at Fair Value on a Recurring Basis We primarily apply the market approach to determine the fair value of financial instruments that are measured at fair value on a recurring basis. There were no changes to our valuation techniques used to determine the fair value of financial instruments during the nine months ended September 30, 2015. The following tables present information about our financial instruments measured at fair value on a recurring basis as of September 30, 2015, and December 31, 2014, and indicate the fair value hierarchy of the valuation techniques utilized to determine such fair value.
| September 30, 2015 |  | Balance Sheet Classification
| Level 1 |  | Level 2 |  | Level 3 |  | Total |
Assets |  |  |  |  |  |  |  |  |
Cash equivalents | $ | 133.2 |  |  | $ | 0.0 |  |  | $ | 0.0 |  |  | $ | 133.2 |  |  | Cash and cash equivalents
Short-term marketable securities | 6.9 |  |  | 0.0 |  |  | 0.0 |  |  | 6.9 |  |  | Marketable securities
Long-term investments | 0.5 |  |  | 0.0 |  |  | 0.0 |  |  | 0.5 |  |  | Other non-current assets
Total | $ | 140.6 |  |  | $ | 0.0 |  |  | $ | 0.0 |  |  | $ | 140.6 |  |  |
As a percentage of total assets | 1.2 | % |  | 0.0 | % |  | 0.0 | % |  | 1.2 | % |  |
Liabilities |  |  |  |  |  |  |  |  |
Mandatorily redeemable noncontrolling interests 1 | $ | 0.0 |  |  | $ | 0.0 |  |  | $ | 44.1 |  |  | $ | 44.1 |  |  |
| December 31, 2014 |  | Balance Sheet Classification
| Level 1 |  | Level 2 |  | Level 3 |  | Total |
Assets |  |  |  |  |  |  |  |  |
Cash equivalents | $ | 901.4 |  |  | $ | 0.0 |  |  | $ | 0.0 |  |  | $ | 901.4 |  |  | Cash and cash equivalents
Short-term marketable securities | 6.6 |  |  | 0.0 |  |  | 0.0 |  |  | 6.6 |  |  | Marketable securities
Long-term investments | 0.5 |  |  | 0.0 |  |  | 0.0 |  |  | 0.5 |  |  | Other non-current assets
Total | $ | 908.5 |  |  | $ | 0.0 |  |  | $ | 0.0 |  |  | $ | 908.5 |  |  |
As a percentage of total assets | 7.1 | % |  | 0.0 | % |  | 0.0 | % |  | 7.1 | % |  |
Liabilities |  |  |  |  |  |  |  |  |
Mandatorily redeemable noncontrolling interests 1 | $ | 0.0 |  |  | $ | 0.0 |  |  | $ | 32.8 |  |  | $ | 32.8 |  |  |
1 | Relates to unconditional obligations to purchase additional noncontrolling equity shares of consolidated subsidiaries. Fair value measurement of the obligations was based upon the amounts payable as if the forward contracts were settled. The amounts redeemable within the next twelve months are classified in accrued liabilities; any interests redeemable thereafter are classified in other non-current liabilities.
The following table presents additional information about financial instruments measured at fair value on a recurring basis and for which we utilized Level 3 inputs to determine fair value for the three and nine months ended September 30, 2015 and 2014.
| Three months ended September 30, |  | Nine months ended September 30,
Liabilities | 2015 |  | 2014 |  | 2015 |  | 2014
Mandatorily redeemable noncontrolling interests - Balance at beginning of period | $ | 44.9 |  |  | $ | 28.7 |  |  | $ | 32.8 |  |  | $ | 27.0 |
Level 3 additions | 1.9 |  |  | 0.0 |  |  | 23.7 |  |  | 2.5 |
Level 3 reductions | (3.9 | ) |  | 0.0 |  |  | (15.3 | ) |  | (0.6 | )
Realized losses/(gains) included in net income | 1.4 |  |  | 0.1 |  |  | 2.3 |  |  | (0.1 | )
Foreign currency translation | (0.2 | ) |  | 0.0 |  |  | 0.6 |  |  | 0.0 |
Mandatorily redeemable noncontrolling interests - Balance at end of period | $ | 44.1 |  |  | $ | 28.8 |  |  | $ | 44.1 |  |  | $ | 28.8 |
Realized losses/(gains) included in net income for mandatorily redeemable noncontrolling interests are reported as a component of interest expense in the unaudited Consolidated Statements of Operations. Financial Instruments that are not Measured at Fair Value on a Recurring Basis The following table presents information about our financial instruments that are not measured at fair value on a recurring basis as of September 30, 2015, and December 31, 2014, and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value.
| September 30, 2015 |  | December 31, 2014
| Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Total long-term debt | $ | 0.0 |  |  | $ | 1,546.3 |  |  | $ | 77.5 |  |  | $ | 1,623.8 |  |  | $ | 0.0 |  |  | $ | 1,566.0 |  |  | $ | 80.4 |  |  | $ | 1,646.4 |
Our long-term debt is comprised of senior notes and other notes payable. The fair value of our senior notes traded over-the-counter is based on quoted prices for such securities, but for which fair value can also be derived from inputs that are readily observable. Therefore, these senior notes are classified as Level 2 within the fair value hierarchy. Our other notes payable are not actively traded, and their fair value is not solely derived from readily observable inputs. Thus, the fair value of our other notes payable is determined based on proprietary valuation methods and therefore are classified as Level 3 within the fair value hierarchy. See Note 2 for further information on our long-term debt. Non-financial Assets and Liabilities that are Measured at Fair Value on a Recurring Basis Certain non-financial assets and liabilities are measured at fair value on a recurring basis, primarily accrued restructuring charges. Non-financial Assets and Liabilities that are Measured at Fair Value on a Nonrecurring Basis Certain non-financial assets and liabilities are measured at fair value on a nonrecurring basis, primarily goodwill, intangible assets, and property and equipment. Accordingly, these assets are not measured and adjusted to fair value on an ongoing basis but are subject to periodic evaluations for potential impairment.

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- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13537-108611 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13504-108611 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13433-108611 + Details
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