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Investments (Tables)
3 Months Ended
Mar. 31, 2024
Investments, All Other Investments [Abstract]  
Schedule of Equity Method Investments
The following table presents the activity in equity method investments:
Equity Method Investments
Balance at December 31, 2023$109.9 
Equity in loss of unconsolidated affiliates(0.3)
Dividend received from equity method investment(0.7)
Foreign currency translation adjustments and other(2.2)
Balance at March 31, 2024$106.7 
Schedule of Investments
The following table presents the activity in investments in equity securities:
Investment in Equity Securities,
Level 1
Investment in Equity Securities,
Level 2
Investments in Equity Securities, All Others (1)
Investments Total
Balance at December 31, 2023$4.8 $6.1 $80.3 $91.2 
New investments— — 6.0 6.0 
(Decrease) increase in fair value of investments in equity securities(2.0)0.1 0.2 (1.7)
Foreign currency translation adjustments and other(0.1)— (0.1)(0.2)
Balance at March 31, 2024$2.7 $6.2 $86.4 $95.3 
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(1)Consists of investments in equity securities without a readily determinable fair value. Such investments are measured at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for an identical or a similar investment of the same issuer.