XML 40 R28.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Fair Value (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
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:
|  | Fair Value |  |
|  | June 30, 2024 |  | December 31, 2023 |  | Input
|  | (in millions) |  |
Balance Sheet Classification |  |  |  |  |  |
Cash equivalents |  | $ | 154.0 |  |  | $ | 328.3 |  |  | Level 1
Prepaid expenses and other |  |  |  |  |  |
Cash flow hedges - currency forward contracts |  | 6.9 |  |  | 15.9 |  |  | Level 2
Nondesignated - currency forward contracts |  | — |  |  | 0.8 |  |  | Level 2
Other assets and deferred charges |  |  |  |  |  |
Cash flow hedges - currency forward contracts |  | 1.2 |  |  | 5.4 |  |  | Level 2
Investment in equity securities |  | — |  |  | 0.8 |  |  | Level 1
Accrued expenses and other |  |  |  |  |  |
Cash flow hedges - currency forward contracts |  | 3.3 |  |  | — |  |  | Level 2
Cash flow hedges - fixed-to-fixed cross-currency swap |  | — |  |  | 9.4 |  |  | Level 2
Cash flow hedges - variable-to-fixed interest rate swap |  | 1.3 |  |  | 5.0 |  |  | Level 2
Nondesignated - currency forward contracts |  | 1.8 |  |  | — |  |  | Level 2
Postretirement benefits and other long-term liabilities |  |  |  |  |  |
Cash flow hedges - currency forward contracts |  | 3.8 |  |  | — |  |  | Level 2
Fair value hedges - fixed-to-fixed cross-currency swap |  | 3.4 |  |  | — |  |  | Level 2
Cash flow hedges - variable-to-fixed interest rate swap |  | 3.7 |  |  | 16.5 |  |  | 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:
|  | June 30, 2024 |  | December 31, 2023 |  |
|  | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value |  | Input
|  | (in millions) |  |
Revolving Credit Facility |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | Level 2
Term Loan A Facility |  | 484.3 |  |  | 483.0 |  |  | 484.3 |  |  | 483.6 |  |  | Level 2
Term Loan B Facility |  | 648.0 |  |  | 648.8 |  |  | 648.0 |  |  | 649.6 |  |  | Level 2
6.875% Notes due 2028 |  | 400.0 |  |  | 397.8 |  |  | 400.0 |  |  | 387.0 |  |  | Level 2
6.50% Notes due 2027 |  | 500.0 |  |  | 498.1 |  |  | 500.0 |  |  | 501.9 |  |  | Level 2
6.25% Notes due 2026 |  | 95.9 |  |  | 95.6 |  |  | 127.6 |  |  | 126.3 |  |  | Level 2
5.00% Notes due 2029 |  | 600.0 |  |  | 547.5 |  |  | 600.0 |  |  | 529.5 |  |  | 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 -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration