Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2021

Assets and liabilities of the Company are measured at fair value on a recurring basis as of September 30, 2021 and are summarized as follows:

			Fair Value Measurements at Reporting Date Using
Description	September 30, 2021		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents:
Money market funds	$	44.7	$	44.7	$	—	$	—
Commercial paper		0.1		—		0.1		—
U.S. treasury obligations		17.5		—		17.5		—
Available-for-sale investments:
Time deposits and certificates of deposit		23.9		—		23.9		—
Bankers' acceptance drafts		2.5		—		2.5		—
Commercial paper		86.2		—		86.2		—
Corporate obligations		35.3		—		35.3
U.S. treasury obligations		98.3		—		98.3		—
Group insurance contracts		6.4		—		6.4		—
Derivatives – foreign exchange forward contracts		3.0		—		3.0		—
Derivatives – interest rate hedge-non-current		3.7		—		3.7
Funds in investments and other assets:
Israeli pension assets		19.3		—		19.3		—
Deferred compensation plan assets:
Mutual funds and exchange traded funds		1.6		—		1.6		—
Total assets	$	342.5	$	44.7	$	297.8	$	—
Liabilities:
Derivatives –foreign exchange forward contracts	$	0.7	$	—	$	0.7	$	—
Derivatives – interest rate hedge – non-current		7.5		—		7.5		—
Total liabilities	$	8.2	$	—	$	8.2	$	—
Reported as follows:
Assets:
Cash equivalents	$	62.3	$	62.2	$	0.1	$	—
Short-term investments		246.2		—		246.2		—
Other current assets		3.0		—		3.0		—
Total current assets	$	311.5	$	62.2	$	249.3	$	—
Long-term investments	$	6.4	$	—	$	6.4	$	—
Other assets		24.6		—		24.6		—
Total long-term assets	$	31.0	$	—	$	31.0	$	—
Liabilities:
Other current liabilities	$	0.7	$	—	$	0.7	$	—
Other liabilities	$	7.5	$	—	$	7.5	$	—

Assets and liabilities of the Company are measured at fair value on a recurring basis as of December 31, 2020 and are summarized as follows:

			Fair Value Measurements at Reporting Date Using
Description	December 31, 2020		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents:
Money market funds	$	1.3	$	1.3	$	—	$	—
Commercial paper		0.3		—		0.3		—
U.S. treasury obligations		62.1		—		62.1		—
Available-for-sale investments:
Time deposits and certificates of deposit		0.7		—		0.7		—
Bankers' acceptance drafts		3.8		—		3.8		—
U.S. treasury obligations		223.2		—		223.2		—
Group insurance contracts		6.5		—		6.5		—
Funds in investments and other assets:
Israeli pension assets		18.8		—		18.8		—
Deferred compensation plan assets:
Mutual funds and exchange traded funds		1.7		—		1.7		—
Total assets	$	318.4	$	1.3	$	317.1	$	—
Liabilities:
Derivatives – foreign exchange forward contracts	$	6.5	$	—	$	6.5	$	—
Derivatives – interest rate hedge - non-current		14.0		—		14.0		—
Total liabilities	$	20.5	$	—	$	20.5	$	—
Reported as follows:
Assets:
Cash equivalents	$	63.7	$	1.3	$	62.4	$	—
Short-term investments		227.7		—		227.7		—
Total current assets	$	291.4	$	1.3	$	290.1	$	—
Long-term investments	$	6.5	$	—	$	6.5	$	—
Other assets		20.5		—		20.5		—
Total long-term assets	$	27.0	$	—	$	27.0	$	—
Liabilities:
Other current liabilities	$	6.5	$	—	$	6.5	$	—
Other liabilities	$	14.0	$	—	$	14.0	$	—