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Fair Value of Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2022
Fair Value Disclosures [Abstract] |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments | The fair value and carrying value of our material fixed-rate debt, excluding any unamortized debt issuance costs, are as follows:
| December 31,
(In millions) | 2022 |  | 2021
$600 million Senior unsecured notes |  |  |
Carrying value | $ | 600.0 |  |  | 600.0 |
Fair value | 528.7 |  |  | 625.7 |
$400 million Senior unsecured notes |  |  |
Carrying value | $ | 400.0 |  |  | 400.0 |
Fair value | 369.0 |  |  | 414.8 |
Derivatives Not Designated as Hedging Instruments | Amounts under these contracts were recognized in other operating income (expense) as follows:
| Twelve Months Ended December 31,
(In millions) | 2022 |  | 2021 |  | 2020
Derivative instrument gains (losses) included in other operating income (expense) | $ | 42.0 |  |  | 24.2 |  |  | (3.0) |
Derivative instrument losses included in other nonoperating income (expense)(a) | — |  |  | — |  |  | (7.0) |
(a)Represents net losses on foreign currency forward contracts related to acquisitions of business operations from G4S in 2020.
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location | Amounts under this contract were recognized in other operating income (expense) to offset transaction gains or losses and in interest expense as follows:
| Twelve Months Ended December 31,
(In millions) | 2022 |  | 2021 |  | 2020
Derivative instrument gains included in other operating income (expense) | $ | (8.9) |  |  | 0.2 |  |  | 22.1 |
Offsetting transaction gains | 8.9 |  |  | (0.2) |  |  | (22.1) |
Derivative instrument losses included in interest expense | (1.3) |  |  | (1.3) |  |  | (1.9) |
Net derivative instrument gains (losses) | (10.2) |  |  | (1.1) |  |  | 20.2 |
Schedule of Interest Rate Derivatives | The effect of the interest rate swaps and the amortization of the spot-forward difference on the net investment hedges cross currency swaps is included in interest expense as follows:
| Twelve Months Ended December 31,
(In millions) | 2022 |  | 2021 |  | 2020
Interest rate swaps designated as cash flow hedges | $ | 2.2 |  |  | 9.8 |  |  | 7.7 |
Cross currency swaps designated as net investment hedges | (5.8) |  |  | (4.1) |  |  | — |
Net derivative instrument (gains) losses included in interest expense | $ | (3.6) |  |  | 5.7 |  |  | 7.7 |

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- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 + Details
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