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Fair Value Measurements, Equity Investments and Other Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2025
Fair Value Disclosures [Abstract] |
Schedule of Fair Value Hierarchy of Financial Instruments | The fair value, measured on a recurring basis, of our financial instruments, using the fair value hierarchy under GAAP, are included in the table below.
|  | June 30, 2025
(In millions) |  | Total Fair Value |  | Level 1 |  | Level 2 |  | Level 3
Cash equivalents |  | $ | 35.9 |  |  | $ | 35.9 |  |  | $ | — |  |  | $ | — |
Derivative financial and hedging instruments net asset (liability): |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | 20.3 |  |  | $ | — |  |  | $ | 20.3 |  |  | $ | — |
Cross-currency swaps |  | $ | (57.7) |  |  | $ | — |  |  | $ | (57.7) |  |  | $ | — |
|  | December 31, 2024
(In millions) |  | Total Fair Value |  | Level 1 |  | Level 2 |  | Level 3
Cash equivalents |  | $ | 56.3 |  |  | $ | 56.3 |  |  | $ | — |  |  | $ | — |
Derivative financial and hedging instruments net (liability) asset: |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | (0.6) |  |  | $ | — |  |  | $ | (0.6) |  |  | $ | — |
Cross-currency swaps |  | $ | 3.2 |  |  | $ | — |  |  | $ | 3.2 |  |  | $ | — |
Schedule of Carrying Value of Investments Without Readily Determinable Fair Values | The following carrying value of these investments was included within Other non-current assets in our Condensed Consolidated Balance Sheets.
(In millions) |  | June 30, 2025 |  | December 31, 2024
Carrying value at the beginning of period |  | $ | 13.9 |  |  | $ | 13.8 |
Purchases |  | — |  |  | — |
Impairments or downward adjustments |  | — |  |  | — |
Upward adjustments |  | — |  |  | — |
Currency translation on investments |  | 0.8 |  |  | 0.1 |
Carrying value at the end of period |  | $ | 14.7 |  |  | $ | 13.9 |
Schedule of Carrying Amounts and Estimated Fair Values of Debt | The table below shows the carrying amounts and estimated fair values of our debt, excluding our lease liabilities.
|  |  |  | June 30, 2025 |  | December 31, 2024
(In millions) |  | Interest rate |  | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
Term Loan A due March 2027(1) |  |  |  | $ | 486.2 |  |  | $ | 486.2 |  |  | $ | 743.2 |  |  | $ | 743.2 |
Senior Secured Notes due October 2026 |  | 1.573 | % |  | 598.6 |  |  | 576.0 |  |  | 598.1 |  |  | 564.5 |
Senior Notes due December 2027 |  | 4.000 | % |  | 423.4 |  |  | 414.4 |  |  | 423.1 |  |  | 405.5 |
Senior Notes due February 2028 |  | 6.125 | % |  | 768.2 |  |  | 785.3 |  |  | 767.0 |  |  | 777.4 |
Senior Notes due April 2029 |  | 5.000 | % |  | 422.6 |  |  | 419.9 |  |  | 422.3 |  |  | 408.5 |
Senior Notes due February 2031 |  | 7.250 | % |  | 421.6 |  |  | 447.1 |  |  | 421.3 |  |  | 439.1 |
Senior Notes due July 2032 |  | 6.500 | % |  | 396.4 |  |  | 414.1 |  |  | 396.2 |  |  | 401.7 |
Senior Notes due July 2033 |  | 6.875 | % |  | 447.1 |  |  | 484.3 |  |  | 446.9 |  |  | 468.2 |
Other foreign borrowings(1) |  |  |  | 133.1 |  |  | 133.1 |  |  | 109.9 |  |  | 109.8 |
Other domestic borrowings |  |  |  | 227.0 |  |  | 227.2 |  |  | 56.4 |  |  | 56.4 |
Total debt(2) |  |  |  | $ | 4,324.2 |  |  | $ | 4,387.6 |  |  | $ | 4,384.4 |  |  | $ | 4,374.3 |
(1)Includes borrowings denominated in currencies other than U.S. dollars. (2)The carrying amount and estimated fair value of debt exclude lease liabilities.

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