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Investments (Tables)
 12 Months Ended
Dec. 31, 2024
Investments, All Other Investments [Abstract]  
Schedule of Equity Method Investments
The following table represents the activity in equity method investments, which are classified within other assets:
Equity Method Investments
Balance at December 31, 2022$93.0 
New investments15.3 
Equity in earnings2.7 
Foreign currency translation gain1.0 
Dividends received from equity method investments(2.1)
Balance at December 31, 2023$109.9 
Equity in loss of unconsolidated affiliates(5.2)
Foreign currency translation adjustments and other(7.7)
Dividends received from equity method investments(3.0)
Balance at December 31, 2024$94.0 
Schedule of Investments
The following table represents the activity in investments in equity securities, which are classified within other assets:
Investment in Equity Securities, Level 1Investment in Equity Securities, Level 2
Investments in Equity Securities, All Others (1)
Investments in Equity Securities Total
Balance at December 31, 2022$17.2 $7.8 $71.5 $96.5 
New investments— — 8.7 8.7 
Decrease in fair value of investments in equity securities(12.7)(1.7)— (14.4)
Foreign currency translation adjustments and other0.3 — 0.1 0.4 
Balance at December 31, 2023$4.8 $6.1 $80.3 $91.2 
New investments— — 13.1 13.1 
(Decrease) increase in fair value of investments in equity securities(3.1)1.8 12.0 10.7 
Foreign currency translation adjustments and other(0.2)— (0.2)(0.4)
Balance at December 31, 2024$1.5 $7.9 $105.2 $114.6 
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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.