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Fair Value (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

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
												December 31, 2024												December 31, 2023						Input
									(in millions)
Balance Sheet Classification
Cash equivalents												$	257.3											$	328.3					Level 1
Prepaid expenses and other
Cash flow hedges - currency forward contracts												1.2												15.9						Level 2
Nondesignated - currency forward contracts												—												0.8						Level 2
Other assets and deferred charges
Cash flow hedges - currency forward contracts												—												5.4						Level 2
Fair value hedges - fixed-to-fixed cross-currency swap												0.9												—						Level 2
Investment in equity securities												—												0.8						Level 1
Accrued expenses and other
Cash flow hedges - currency forward contracts												14.9												—						Level 2
Cash flow hedges - fixed-to-fixed cross-currency swap												—												9.4						Level 2
Cash flow hedges - variable-to-fixed interest rate swap												2.2												5.0						Level 2
Nondesignated - currency forward contracts												1.6												—						Level 2
Postretirement benefits and other long-term liabilities
Cash flow hedges - currency forward contracts												7.3												—						Level 2
Cash flow hedges - variable-to-fixed interest rate swap												5.0												16.5						Level 2

Fair Value, by Balance Sheet Grouping [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:

			December 31, 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						486.1						484.3						483.6						Level 2
Term Loan B Facility			648.0						652.9						648.0						649.6						Level 2
6.875% Notes due 2028			400.0						395.0						400.0						387.0						Level 2
6.50% Notes due 2027			500.0						493.5						500.0						501.9						Level 2
6.25% Notes due 2026			—						—						127.6						126.3						Level 2
5.00% Notes due 2029			600.0						544.5						600.0						529.5						Level 2

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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- 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.

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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

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