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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | Below are our assets and liabilities that are measured at fair value on a recurring basis:
| As of December 31
| 2024 |  | 2023
($ in millions) | Carrying Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Carrying Value |  | Level 1 |  | Level 2 |  | Level 3
Recorded at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marketable securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Restricted cash - collections | $ | 97.6 |  |  | $ | 97.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 50.6 |  |  | $ | 50.6 |  |  | $ | — |  |  | $ | — |
Restricted cash - reserve | 30.7 |  |  | 30.7 |  |  | — |  |  | — |  |  | 19.4 |  |  | 19.4 |  |  | — |  |  | — |
Total money market funds | $ | 128.3 |  |  | $ | 128.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 70.0 |  |  | $ | 70.0 |  |  | $ | — |  |  | $ | — |
Equity securities | $ | 2.2 |  |  | $ | 2.2 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
U.S. Treasury | $ | 20.2 |  |  | $ | 20.2 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Municipal debt | 10.0 |  |  | — |  |  | 10.0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Corporate debt | 20.9 |  |  | — |  |  | 20.9 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total debt securities | $ | 51.1 |  |  | $ | 20.2 |  |  | $ | 30.9 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Equity method investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
PINE.L | $ | 100.0 |  |  | $ | 100.0 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Derivatives |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets | $ | 4.5 |  |  | $ | — |  |  | $ | 4.5 |  |  | $ | — |  |  | $ | 12.3 |  |  | $ | — |  |  | $ | 12.3 |  |  | $ | — |
Derivative liabilities | 4.5 |  |  | — |  |  | 4.5 |  |  | — |  |  | 12.3 |  |  | — |  |  | 12.3 |  |  | — |
Recorded at historical value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed rate debt (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
4.625% Senior notes due 2027 | 400.0 |  |  | 385.0 |  |  | — |  |  | — |  |  | 400.0 |  |  | 380.0 |  |  | — |  |  | — |
4.375% Senior notes due 2031 | 550.0 |  |  | 500.5 |  |  | — |  |  | — |  |  | 550.0 |  |  | 492.3 |  |  | — |  |  | — |
3.875% Senior notes due 2029 | 800.0 |  |  | 732.0 |  |  | — |  |  | — |  |  | 800.0 |  |  | 716.0 |  |  | — |  |  | — |
Non-recourse notes payable | 2,109.3 |  |  | — |  |  | 2,115.7 |  |  | — |  |  | 1,705.6 |  |  | — |  |  | 1,705.1 |  |  | — |
Real estate mortgages and other debt | 698.0 |  |  | — |  |  | 701.3 |  |  | — |  |  | 603.5 |  |  | — |  |  | 644.5 |  |  | — |
(1)Excluding unamortized debt issuance cost

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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/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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