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Derivative Instruments (Tables) | 3 Months Ended
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Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Notional Amounts of Outstanding Derivative Positions | As of March 31, 2026, we have outstanding interest rate swaps with an aggregate notional value of $1,754.0. This amount includes five swap arrangements currently in effect and two forward-starting swaps that are scheduled to commence on the October 2026 maturity date of the May 2023 swaps, as further summarized in the table below:
Type |  | Notional Value |  | Effective Date |  | Maturity Date
Swaps entered May 2023 |  | $736.3 |  | May 2023 |  | October 2026
Swaps entered June 2025 |  | 402.7 |  | June 2025 |  | January 2031
Swap entered December 2025 |  | 115.0 |  | December 2025 |  | January 2031
Forward-starting swaps entered August 2025 |  | 500.0 |  | October 2026 |  | January 2030
Total |  | $1,754.0 |  |  |  |
Schedule of Fair Value of Derivative Instruments | The following table provides the location and the fair value of our derivative instruments in the Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025:
| Balance Sheet Location |  | March 31, 2026 |  | December 31, 2025
Cash flow hedging relationships |  |  |  |  |
Interest rate swaps | Other current assets |  | $3.2 |  | $3.2
Interest rate swaps | Other non-current assets |  | 4.8 |  | 1.8
Interest rate swaps | Other non-current liabilities |  | 1.0 |  | 3.6
Fair value hedging relationships |  |  |  |  |
Cross-currency swaps | Other non-current assets |  | 9.3 |  | –
Cross-currency swaps | Other non-current liabilities |  | – |  | 5.8
Net investment hedge |  |  |  |  |
Cross-currency swap | Accrued expenses and other current liabilities |  | 5.1 |  | 8.0
Not designated as accounting hedges |  |  |  |  |
Foreign currency forwards | Other current assets |  | – |  | 1.2
Foreign currency forwards | Accrued expenses and other current liabilities |  | 2.4 |  | 0.1
Total derivative assets |  |  | $17.3 |  | $6.2
Total derivative liabilities |  |  | $8.5 |  | $17.5

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