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Fair Value (Tables)

9 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The estimated carrying value of our financial assets and liabilities that are recognized at fair value on a recurring basis, using available market information and other observable data, are as follows: 

						September 30, 2021									December 31, 2020
						Fair Value												Fair Value												Input
						(in millions)
Balance Sheet Classification
Cash equivalents						$	238.3											$	206.7											Level 1
Prepaid expenses and other
Cash flow hedges - currency forward contracts						2.0												5.8												Level 2
Cash flow hedges - variable-to-fixed interest rate swap						3.4												4.9												Level 2
Nondesignated - currency forward contracts						—												0.2												Level 2
Other assets and deferred charges
Cash flow hedges - currency forward contracts						1.2												3.3												Level 2
Cash flow hedges - variable-to-fixed interest rate swap						4.3												8.6												Level 2
Investment in equity securities						22.4												—												Level 1
Accrued expenses and other
Cash flow hedges - currency forward contracts						0.9												0.1												Level 2
Cash flow hedges - variable-to-fixed interest rate swap						13.4												17.8												Level 2
Postretirement benefits and other long-term liabilities
Cash flow hedges - currency forward contracts						0.9												0.1												Level 2
Cash flow hedges - fixed-to-fixed cross-currency swap						7.1												20.6												Level 2
Cash flow hedges - variable-to-fixed interest rate swap						18.8												32.1												Level 2

Fair Value, Financial Instruments not Carried at Fair Value [Table Text Block]

We estimated the fair value of the amounts outstanding on our debt using available market information and other observable data, to be as follows:

 

						September 30, 2021												December 31, 2020
						Carrying  Amount						Fair Value						Carrying  Amount						Fair Value						Input
						(in millions)
Revolving Credit Facility						$	—					$	—					$	—					$	—					Level 2
Term Loan A Facility due 2024						301.8						298.7						323.0						318.6						Level 2
Term Loan B Facility due 2024						850.0						847.9						1,088.8						1,071.1						Level 2
6.875% Notes due 2028						400.0						424.0						400.0						426.0						Level 2
6.50% Notes due 2027						500.0						520.0						500.0						523.8						Level 2
6.25% Notes due 2026						400.0						412.0						400.0						411.0						Level 2
6.25% Notes due 2025						—						—						700.0						724.3						Level 2
5.00% Notes due 2029						600.0						583.5						—						—						Level 2

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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- References

No definition available.

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X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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