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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Summary of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis | The following table summarizes the Company's financial assets and liabilities measured at fair value on a recurring basis:
|  |  |  | Fair Value
(in millions) |  | Fair Value Level |  | December 31, 2024 |  | December 31, 2023
Cash equivalents |  | 1 |  | $ | 12.3 |  |  | $ | 0.4 |
Short-term investments in marketable securities |  | 1 |  | 0.8 |  |  | 0.8 |
Restricted cash |  | 1 |  | 16.9 |  |  | 11.1 |
Derivative assets |  | 2 |  | 22.1 |  |  | 5.2 |
Derivative liabilities |  | 2 |  | 9.4 |  |  | 13.7 |
Deferred compensation |  | 1 |  | 1.0 |  |  | 1.5 |
Deferred compensation |  | 2 |  | 19.2 |  |  | 16.1 |
Liabilities measured at net asset value |  |  |  | 14.3 |  |  | 12.9 |
Fair Value of Other Financial Instruments. The carrying values of the Company’s short-term financial instruments, including cash and cash equivalents and accounts and notes receivable, approximate their fair values because of the short maturity of these instruments. As of December 31, 2024 and December 31, 2023, the fair value of the Company’s long-term debt, including current maturities, and short-term debt was approximately $2,161.3 million and $2,228.2 million, respectively, and was determined using Level 1 and Level 2 inputs described above. The carrying value of long-term debt, including current maturities, and short-term debt was $2,370.2 million and $2,458.7 million as of December 31, 2024 and December 31, 2023, respectively. Refer to Note 12 – Financial Instruments for additional information related to the fair value of derivative assets and liabilities by class.

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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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