XML 58 R45.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurements - Schedule of Fair Value of Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($)
$ in Millions
Sep. 30, 2016
Dec. 31, 2015
Investments in marketable securities    
Trading securities $ 106.7 $ 19.4
Financial Liabilities    
Investments removed from fair value measurement on recurring basis (178.2) (198.3)
Fair Value Measured On A Recurring Basis    
Financial Assets    
Cash equivalents 39.7 65.9
Investments in marketable securities    
Trading securities [1] 106.7 19.4
Available-for-sale securities [1] 106.5 180.5
Financial Liabilities    
Contingent payment arrangements [2] 8.2 10.2
Affiliate equity obligations [3] 26.7 62.3
Foreign currency forward contracts [2] 0.7  
Investments removed from fair value measurement on recurring basis [4] (7.2) (23.3)
Fair Value Measured On A Recurring Basis | Accounting Standards Update 2015-07    
Financial Liabilities    
Investments removed from fair value measurement on recurring basis [4] 136.8 126.0
Obligations to related parties removed from fair value measurement on recurring basis [4] 72.1 75.0
Fair Value Measured On A Recurring Basis | Quoted Prices In Active Markets For Identical Assets (Level 1)    
Financial Assets    
Cash equivalents 39.7 65.9
Investments in marketable securities    
Trading securities [1] 100.1 19.4
Available-for-sale securities [1] 106.5 180.5
Financial Liabilities    
Contingent payment arrangements [2] 0.0 0.0
Affiliate equity obligations [3] 0.0 0.0
Foreign currency forward contracts [2] 0.0  
Investments removed from fair value measurement on recurring basis [4] (4.5) (20.7)
Fair Value Measured On A Recurring Basis | Significant Other Observable Inputs (Level 2)    
Financial Assets    
Cash equivalents 0.0 0.0
Investments in marketable securities    
Trading securities [1] 6.6 0.0
Available-for-sale securities [1] 0.0 0.0
Financial Liabilities    
Contingent payment arrangements [2] 0.0 0.0
Affiliate equity obligations [3] 0.0 0.0
Foreign currency forward contracts [2] 0.7  
Investments removed from fair value measurement on recurring basis [4] (2.7) (2.6)
Fair Value Measured On A Recurring Basis | Significant Other Unobservable Inputs (Level 3)    
Financial Assets    
Cash equivalents 0.0 0.0
Investments in marketable securities    
Trading securities [1] 0.0 0.0
Available-for-sale securities [1] 0.0 0.0
Financial Liabilities    
Contingent payment arrangements [2] 8.2 10.2
Affiliate equity obligations [3] 26.7 62.3
Foreign currency forward contracts [2] 0.0  
Investments removed from fair value measurement on recurring basis [4] $ 0.0 $ 0.0
[1] Principally investments in equity securities
[2] Amounts are presented within Other liabilities.
[3] Amounts are presented within Other liabilities.(4) The Company adopted ASU 2015-07 and no longer includes $75.0 million and $72.1 million as of December 31, 2015 and September 30, 2016, respectively, of liabilities for which fair value was measured using NAV as a practical expedient. These liabilities were previously included in Obligations to related parties and upon removal, the remaining liabilities were re-labeled Affiliate equity obligations.
[4] The Company adopted ASU 2015-07 and no longer includes $126.0 million and $136.8 million as of December 31, 2015 and September 30, 2016, respectively, of investments in certain entities for which fair value was measured using net asset value (“NAV”) as a practical expedient.