The following table shows, by level within the fair value hierarchy, our financial assets and liabilities that are accounted for at fair value on a recurring basis at March 31, 2025 and December 31, 2024 (in millions): | | | | | | | | | | | | | | | | Asset (Liability) | Quoted Prices in Active Markets for Identical Assets (Level 1) | Quoted Prices in
Active Markets for
Similar Assets
(Level 2) | Unobservable inputs
for which little or no
market data exists
(Level 3) | Total | | March 31, 2025 | | | | | Money market funds(a) | $ | 113.9 | | $ | — | | $ | — | | $ | 113.9 | | Time Deposits(b) | — | | 3.0 | | — | | 3.0 | | | Available for sale investments | — | | 70.9 | | — | | 70.9 | | | Trading securities | 26.4 | | — | | — | | 26.4 | | | Deferred compensation plan liabilities | (26.4) | | — | | — | | (26.4) | | | Derivatives: | | | | | Forward exchange contracts-Assets(c) | — | | 0.8 | | — | | 0.8 | | | | | | | | TOTAL | $ | 113.9 | | $ | 74.7 | | $ | — | | $ | 188.6 | | | | | | | | Asset (Liability) | Quoted Prices in
Active Markets for
Identical Assets
(Level 1) | Quoted Prices in
Active Markets for
Similar Assets
(Level 2) | Unobservable inputs
for which little or no
market data exists
(Level 3) | Total | | December 31, 2024 | | | | | Money market funds(a) | $ | 63.2 | | $ | — | | $ | — | | $ | 63.2 | | Time Deposits(b) | — | | 3.1 | | — | | 3.1 | | | Available for sale investments | — | | 69.6 | | — | | 69.6 | | | Trading securities | 28.1 | | — | | — | | 28.1 | | | Deferred compensation plan liabilities | (28.1) | | — | | — | | (28.1) | | | Derivatives: | | | | | Forward exchange contracts-Assets(c) | — | | 1.4 | | — | | 1.4 | | | | | | | TOTAL | $ | 63.2 | | $ | 74.1 | | $ | — | | $ | 137.3 | |
(a) Money market funds are reflected in Cash and cash equivalents in the Condensed Consolidated Balance Sheets. (b)Time deposits are reflected in current and long term investments depending on their maturity date in the Condensed Consolidated Balance Sheets. (c) Forward exchange contracts-Assets are reflected in Other current assets in the Condensed Consolidated Balance Sheets.
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