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Fair Value Measurement (Tables) | 6 Months Ended
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Jun. 30, 2022
Fair Value Disclosures [Abstract] |
Schedule of Fair Values of Financial Assets and Liabilities | The fair value of the Company’s financial assets and liabilities were as follows (in millions):
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
SERP plan assets (a) |  | $ | 14.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 14.1 |
Investment in equity securities (b) |  |  | 5.6 |  |  |  | — |  |  |  | — |  |  |  | 5.6 |
Foreign currency exchange derivatives (c) |  |  | — |  |  |  | 11.4 |  |  |  | — |  |  |  | 11.4 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency exchange derivatives (c) |  | $ | — |  |  | $ | 0.9 |  |  | $ | — |  |  | $ | 0.9 |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
SERP plan assets (a) |  | $ | 21.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 21.3 |
Investment in equity securities (b) |  |  | 14.2 |  |  |  | — |  |  |  | — |  |  |  | 14.2 |
Foreign currency exchange derivatives (c) |  |  | — |  |  |  | 3.7 |  |  |  | — |  |  |  | 3.7 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency exchange derivatives (c) |  | $ | — |  |  | $ | 0.9 |  |  | $ | — |  |  | $ | 0.9 |
(a) Represents investments held in a rabbi trust for the Company’s non-qualified supplemental executive retirement plan (SERP). The fair values of these investments are determined using a market approach. Investments include mutual funds for which quoted prices in active markets are available. The Company records changes in the fair value of investments in “Miscellaneous, net” in the Condensed Consolidated Statements of Income. (b) Represents investments in equity securities for which quoted prices in active markets are available. The Company records changes in the fair value of investments in “Miscellaneous, net” in the Condensed Consolidated Statements of Income. (c) Based on observable market transactions of forward currency prices.

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- 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 + Details
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