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v3.23.3

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Narrative (Details) | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2023 USD ($) derivative | Sep. 30, 2022 USD ($) derivative | Sep. 30, 2023 USD ($) derivative | Sep. 30, 2022 USD ($) derivative | Mar. 31, 2023 derivative
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |  |  |  |
Gross fair value | $ 6,700,000 | $ 1,400,000 | $ 18,600,000 | $ (1,600,000) |
Unrealized gain on interest rate risk management activities, net of tax | 8,500,000 | 30,400,000 | 5,600,000 | 86,400,000 |
Reclassification of de-designated interest rate swaps net of tax | 0 | 0 | 1,000,000.0 | 0 |
Other interest expense | 26,500,000 | $ 19,600,000 | 72,100,000 | $ 55,500,000 |
Amount of gain expected to be reclassified from other comprehensive income (loss) into earnings | $ 25,300,000 |  | 25,300,000 |  |
Not Designated as Hedging Instrument | Cash Flow Hedging |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |  |  |  |
Gross fair value |  |  | 4,900,000 |  |
Unrealized gain on interest rate risk management activities, net of tax |  |  | 3,100,000 |  |
Reclassification of de-designated interest rate swaps net of tax |  |  | $ 1,000,000 |  |
Interest Rate Swaps | Designated as Hedging Instrument | Cash Flow Hedging |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |  |  |  |
Number of instruments | derivative | 35 | 41 | 35 | 41 |
Notional value | $ 866,200,000 | $ 949,100,000 | $ 866,200,000 | $ 949,100,000 |
Interest Rate Swaps | Designated as Hedging Instrument | Cash Flow Hedging | SOFR Equivalent Plus |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |  |  |  |
Weighted average interest rate (as a percentage) | 1.25% | 1.23% | 1.25% | 1.23% |
Interest Rate Swaps | Not Designated as Hedging Instrument |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |  |  |  |
Number of Instruments, de-designated | derivative | 0 |  |  |  |
Interest Rate Swaps | Not Designated as Hedging Instrument | Cash Flow Hedging |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |  |  |  |
Other interest expense | $ 400,000 |  | $ 800,000 |  |
Realized gains | $ 400,000 |  | $ 700,000 |  |
Interest Rate Swaps | Designated as Hedging Instrument | Cash Flow Hedging |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |  |  |  |
Number of instruments | derivative | 2 |  | 2 |  |
Notional value | $ 100,000,000 |  | $ 100,000,000 |  |
Weighted average interest rate (as a percentage) | 0.94% |  | 0.94% |  |
Mortgage Interest Rate Swap | Not Designated as Hedging Instrument |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |  |  |  |
Number of instruments | derivative |  |  |  |  | 1
Notional value | $ 30,300,000 |  | $ 30,300,000 |  |
Mortgage Interest Rate Swap | Not Designated as Hedging Instrument | SOFR Equivalent Plus |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |  |  |  |
Interest rate (as a percentage) | 0.60% |  | 0.60% |  |
Senior Notes | 4.00% Senior Notes |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |  |  |  |
Debt issued | $ 750,000,000 |  | $ 750,000,000 |  |
Interest rate (as a percentage) | 4.00% |  | 4.00% |  |

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