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FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2022

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 September 30, 2022						Level 1						Level 2						Level 3
Measured on a recurring basis:
Investments						$	8.3					$	—					$	—

Fair Value at December 31, 2021						Level 1						Level 2						Level 3
Measured on a recurring basis:
Investments						$	40.4					$	0.5					$	—

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

Fair Value at September 30, 2022						Level 1						Level 2						Level 3
Measured on a recurring basis:
Derivative asset						$	—					$	23.8					$	—
Derivative liability						—						23.8						—

Fair Value at December 31, 2021						Level 1						Level 2						Level 3
Measured on a recurring basis:
Derivative asset						$	—					$	6.4					$	—
Derivative liability						—						8.9						—

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)						September 30, 2022						December 31, 2021
Carrying value
4.625% Senior notes due 2027						$	400.0					$	400.0
4.375% Senior notes due 2031						550.0						550.0
3.875% Senior notes due 2029						800.0						800.0
Non-recourse notes payable						494.1						317.6
Real estate mortgages and other debt						477.5						477.6
						$	2,721.6					$	2,545.2
Fair value
4.625% Senior notes due 2027						$	360.0					$	420.0
4.375% Senior notes due 2031						442.8						583.0
3.875% Senior notes due 2029						642.0						815.0
Non-recourse notes payable						482.0						316.8
Real estate mortgages and other debt						421.5						488.7
						$	2,348.3					$	2,623.5

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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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&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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