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 June 30, 2026 and December 31, 2025 (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 | | June 30, 2026 | | | | | Money market funds(a) | $ | 81.4 | | $ | — | | $ | — | | $ | 81.4 | | Time deposits(b) | — | | 2.8 | | — | | 2.8 | | | Available for sale investments | — | | 82.1 | | — | | 82.1 | | | Trading securities | 34.9 | | — | | — | | 34.9 | | | Deferred compensation plan liabilities | (34.9) | | — | | — | | (34.9) | | | Derivatives: | | | | | Forward exchange contracts-Assets(c) | — | | 1.1 | | — | | 1.1 | | | | | | | | TOTAL | $ | 81.4 | | $ | 86.0 | | $ | — | | $ | 167.4 | | | | | | | | 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, 2025 | | | | | Money market funds(a) | $ | 187.4 | | $ | — | | $ | — | | $ | 187.4 | | Time deposits(b) | — | | 2.9 | | — | | 2.9 | | | Available for sale investments | — | | 78.4 | | — | | 78.4 | | | Trading securities | 32.5 | | — | | — | | 32.5 | | | Deferred compensation plan liabilities | (32.5) | | — | | — | | (32.5) | | | Derivatives: | | | | | Forward exchange contracts-Assets(c) | — | | 0.1 | | — | | 0.1 | Forward exchange contracts-(Liabilities)(d) | — | | (0.5) | | — | | (0.5) | | | TOTAL | $ | 187.4 | | $ | 80.9 | | $ | — | | $ | 268.3 | |
(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. (d) Forward exchange contracts-(Liabilities) are reflected in Other accrued liabilities in the Consolidated Balance Sheets.
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