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Financial instruments and fair value measurements | 3 Months Ended
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Mar. 31, 2023
Fair Value Disclosures [Abstract] |
Financial instruments and fair value measurements | 14. Financial instruments and fair value measurements Our financial instruments include cash and cash equivalents, accounts receivable, accounts payable and debt. Assets and liabilities for which fair value is only disclosed The carrying amount of cash and cash equivalents was the same as its fair value and is a Level 1 measurement. The carrying amounts for trade accounts receivable and accounts payable approximated fair value due to their short-term nature and are Level 2 measurements. The following table presents the gross amounts, which exclude unamortized deferred financing costs, and the fair values of debt instruments:
(in millions) | March 31, 2023 |  | December 31, 2022
Gross amount |  | Fair value |  | Gross amount |  | Fair value
Receivables facility | $ | 287.3 |  |  | $ | 287.3 |  |  | $ | 327.2 |  |  | $ | 327.2 |
Senior secured credit facilities: |  |  |  |  |  |  |
Euro term loans B-4 | 646.2 |  |  | 639.3 |  |  | 636.7 |  |  | 627.5 |
Euro term loans B-5 | 347.1 |  |  | 345.2 |  |  | 342.0 |  |  | 340.7 |
U.S. dollar term loans B-5 | 1,263.1 |  |  | 1,263.1 |  |  | 1,488.3 |  |  | 1,485.5 |
2.625% secured notes | 706.6 |  |  | 681.5 |  |  | 694.5 |  |  | 658.5 |
3.875% unsecured notes | 800.0 |  |  | 718.4 |  |  | 800.0 |  |  | 672.0 |
3.875% unsecured notes | 434.8 |  |  | 407.3 |  |  | 427.3 |  |  | 396.5 |
4.625 % unsecured notes | 1,550.0 |  |  | 1,475.8 |  |  | 1,550.0 |  |  | 1,407.6 |
Finance lease liabilities | 69.0 |  |  | 69.0 |  |  | 68.9 |  |  | 68.9 |
Other | 13.6 |  |  | 13.6 |  |  | 14.2 |  |  | 14.2 |
Total | $ | 6,117.7 |  |  | $ | 5,900.5 |  |  | $ | 6,349.1 |  |  | $ | 5,998.6 |
The fair values of debt instruments are based on standard pricing models that take into account the present value of future cash flows, and in some cases private trading data, which are level 2 measurements.

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- References No definition available. + Details
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- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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