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Other (Income) Expense, Net
 6 Months Ended
Jun. 30, 2025
Other Nonoperating Income (Expense) [Abstract]  
Other (Income) Expense, Net Other (Income) Expense, Net
Other (income) expense, net consisted of the following (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Foreign currency (gains) losses$(5.6)$0.5 $(8.9)$2.5 
Other(1.8)(0.3)(3.5)(1.8)
Other (income) expense, net$(7.4)$0.2 $(12.4)$0.7 
Fair Value Measurement of Investments
The Company invests in certain early-stage automotive companies and funds that relate to the automotive industry. We believe these investments have resulted in the expansion of relationships in the vehicle remarketing industry. ASC 820, Fair Value Measurement, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As of June 30, 2025, the Company had no investment securities measured at fair value (based on quoted market prices for identical assets or Level 1 of the fair value hierarchy). Other investments held of $29.1 million do not have readily determinable fair values and the Company has elected to apply the measurement alternative to these investments and present them at cost. Investments are reported in "Other assets" in the accompanying consolidated balance sheets. Realized and unrealized gains and losses are reported in "Other (income) expense, net" in the consolidated statements of income.