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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Value of Assets and Liabilities
The following tables summarize the Company's assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2016:
 
Fair Value Measurement at Reporting Date Using
Description
Level 1
 
Level 2
 
Level 3
 
Total
Assets:
 
 
 
 
 
 
 
Cash equivalents
$
12.3

 
$

 
$

 
$
12.3

Liabilities:
 
 
 
 
 
 
 
Contingent consideration
$

 
$

 
$
5.0

 
$
5.0

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table provides a roll-forward of the fair value of recurring Level 3 fair value measurements for the six months ended June 30, 2016:
(in millions)
Six Months Ended June 30, 2016
Contingent consideration liability at January 1
$

Issuance of contingent consideration in connection with acquisitions
4.9

Settlements of contingent consideration liabilities

Foreign currency translation
0.1

Total losses (gains) included in earnings (a)

Contingent consideration liability at June 30
$
5.0

(a)
Changes in the fair value of contingent consideration liabilities subsequent to the finalization of the purchase price allocation, if any, would be included as a component of Acquisition and integration related expenses within the Condensed Consolidated Statements of Operations.