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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2014
Fair Value Disclosures [Abstract]  
Carrying Amount and Fair Values of the Company's Assets and Liabilities Measured on a Recurring Basis

The following table presents the carrying amount and fair values of the Company’s assets and liabilities measured on a recurring basis:

 

     December 31,
2014
     December 31,
2013
 

(in millions)

   Carrying
Amount
     Fair
Value
     Carrying
Amount
     Fair
Value
 

Assets

           

Non-derivatives:

           

Cash and cash equivalents

   $ 41.6       $ 41.6       $ 80.2       $ 80.2   

Short-term investments

     4.7         4.7         6.6         6.6   

Derivatives (Level 1 measurement):

           

Other non-current assets:

           

Foreign currency forward exchange contracts

     0.0         0.0         1.0         1.0   

Liabilities

           

Non-derivatives:

           

Long-term debt (including current portion)

   $ 139.4       $ 139.4       $ 148.0       $ 148.0   

Derivatives (Level 1 measurement):

           

Other non-current liabilities:

           

Foreign currency forward exchange contracts

     1.8         1.8         0.0         0.0   

Non-financial liabilities (Level 3 measurement):

           

Stock equivalent units

     7.2         7.2         12.1         12.1   

Acquisition-related contingent consideration

     95.2         95.2         4.6         4.6