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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Summary of Long-Lived Assets Measured at Fair Value

Below are our investments that are measured at fair value (in millions):

Fair Value at December 31, 2020						Level 1						Level 2						Level 3
Measured on a recurring basis:
Investments						$	97.9					$	9.4					$	—

Below are our derivative assets and liabilities that are measured at fair value (in millions):

Fair Value at December 31, 2020						Level 1						Level 2						Level 3
Measured on a recurring basis:
Derivative asset						$	—					$	0.5					$	—
Derivative liability						$	—					$	9.0					$	—

Schedule of Aggregate Carrying Values and Fair Values of Long-term Fixed Interest Rate Debt

A summary of the aggregate carrying values, excluding unamortized debt issuance cost, and fair values of our long-term fixed interest rate debt is as follows (in millions):

December 31,						2020						2019
Carrying value
5.250% Senior notes due 2025						$	300.0					$	300.0
4.625% Senior notes due 2027						400.0						400.0
4.375% Senior notes due 2031						550.0						—
Real estate mortgages and other debt						714.8						466.6
						$	1,964.8					$	1,166.6
Fair value
5.250% Senior notes due 2025						$	311.6					$	315.0
4.625% Senior notes due 2027						425.0						412.0
4.375% Senior notes due 2031						589.9						—
Real estate mortgages and other debt						713.2						468.7
						$	2,039.7					$	1,195.7

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- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2C
-URI http://asc.fasb.org/extlink&oid=117815213&loc=SL7498348-110258

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bb)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

+ References

No definition available.

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