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Fair Value of Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of financial instruments recorded at fair value on a recurring basis | The following tables set forth the Company’s financial instruments and presents them within the fair value hierarchy using the lowest level of input that is significant to the fair value measurement (in millions):
December 31, 2024 |  | Total |  |  | Quoted Prices in Active Markets Available (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Time deposits and money market funds |  | $ | 17.2 |  |  | $ | — |  |  | $ | 17.2 |  |  | $ | — |
Interest rate and cross-currency swap agreements (note 23) |  |  | 21.8 |  |  |  | — |  |  |  | 21.8 |  |  |  | — |
Forward currency contracts |  |  | 6.0 |  |  |  | — |  |  |  | 6.0 |  |  |  | — |
Total assets recorded at fair value |  | $ | 45.0 |  |  | $ | — |  |  | $ | 45.0 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration (note 24) |  | $ | 17.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 17.3 |
Hybrid instruments liabilities (note 25) |  |  | 78.1 |  |  |  | — |  |  |  | — |  |  |  | 78.1 |
Interest rate and cross-currency swap agreements (note 23) |  |  | 17.2 |  |  |  | — |  |  |  | 17.2 |  |  |  | — |
Forward currency contracts |  |  | 0.5 |  |  |  | — |  |  |  | 0.5 |  |  |  | — |
Equity interest purchase option liability (a) |  |  | 14.9 |  |  |  | — |  |  |  | — |  |  |  | 14.9 |
Total liabilities recorded at fair value |  | $ | 128.0 |  |  | $ | — |  |  | $ | 17.7 |  |  | $ | 110.3 |
a) Equity interest purchase option liability is related to NovAliX, refer to Note 5, Minority and equity-method investments for more information
December 31, 2023 |  | Total |  |  | Quoted Prices in Active Markets Available (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Time deposits and money market funds |  | $ | 226.9 |  |  | $ | — |  |  | $ | 226.9 |  |  | $ | — |
Interest rate and cross-currency swap agreements (note 23) |  |  | 20.3 |  |  |  | — |  |  |  | 20.3 |  |  |  | — |
Forward currency contracts |  |  | 1.3 |  |  |  | — |  |  |  | 1.3 |  |  |  | — |
Total assets recorded at fair value |  | $ | 248.5 |  |  | $ | — |  |  | $ | 248.5 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration (note 24) |  | $ | 12.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 12.3 |
Hybrid instruments liabilities (note 25) |  |  | 70.5 |  |  |  | — |  |  |  | — |  |  |  | 70.5 |
Interest rate and cross-currency swap agreements (note 23) |  |  | 26.8 |  |  |  | — |  |  |  | 26.8 |  |  |  | — |
Forward currency contracts |  |  | 0.6 |  |  |  | — |  |  |  | 0.6 |  |  |  | — |
Total liabilities recorded at fair value |  | $ | 110.2 |  |  | $ | — |  |  | $ | 27.4 |  |  | $ | 82.8 |

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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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