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Derivative Instruments and Hedging Activities (Tables) | 12 Months Ended
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Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of open foreign currency contracts | December 31, 2022 and 2021, the Company had the following open foreign currency contracts (in millions):
|  | December 31, 2022 |  | December 31, 2021
Foreign Currency |  | Notional Amounts (in U.S. dollars) |  | Net Unrealized Gain (Loss) |  | Notional Amounts (in U.S. dollars) |  | Net Unrealized Gain (Loss)
Australian Dollar |  | $ | 13.7 |  |  | $ | 0.2 |  |  | $ | 20.3 |  |  | $ | 0.4 |
Canadian Dollar |  | 93.3 |  |  | 2.5 |  |  | 121.1 |  |  | 0.6 |
Mexican Peso |  | 47.0 |  |  | 5.7 |  |  | 87.9 |  |  | 1.1 |
Total |  | $ | 154.0 |  |  | $ | 8.4 |  |  | $ | 229.3 |  |  | $ | 2.1 |
Schedule of carrying values of derivative instruments | The table below summarizes the carrying values of derivative instruments as of December 31, 2022 and 2021 (in millions):
| Carrying Values of Derivative Instruments as of December 31, 2022
| Fair Value— Assets |  | Fair Value— (Liabilities) |  | Derivative Net Carrying Value
Derivatives designated as hedging instruments |  |  |  |  |
Foreign exchange contracts | $ | 8.4 |  |  | $ | — |  |  | $ | 8.4 |
Interest rate contracts | 5.9 |  |  | — |  |  | 5.9 |
Total derivatives designated as hedging instruments | $ | 14.3 |  |  | $ | — |  |  | $ | 14.3 |
| Carrying Values of Derivative Instruments as of December 31, 2021
| Fair Value— Assets |  | Fair Value— (Liabilities) |  | Derivative Net Carrying Value
Derivatives designated as hedging instruments |  |  |  |  |
Foreign exchange contracts | $ | 2.4 |  |  | $ | (0.3) |  |  | $ | 2.1 |
Interest rate contracts | — |  |  | (7.8) |  |  | (7.8) |
Total derivatives designated as hedging instruments | $ | 2.4 |  |  | $ | (8.1) |  |  | $ | (5.7) |

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- Definition Tabular disclosure of the information required in the supplementary schedule applicable to management investment companies listing written option contracts. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 5 -Subparagraph (SX 210.12-13) -URI https://asc.fasb.org/extlink&oid=122147990&loc=d3e611282-123010 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
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