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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurements, Recurring The following information is presented for assets and liabilities that are recorded in the condensed consolidated balance sheets at fair value measured on a recurring basis. There were no transfers of assets and liabilities that were recorded at
fair value between the three-level fair value hierarchy during the periods reported.
In millions
Level 1(1)
Level 2(2)
Level 3(3)
Total
March 31, 2023
Assets:
Deferred compensation plan investments (4)
$1.5 $— $— $1.5 
Total assets$1.5 $— $— $1.5 
Liabilities:
Deferred compensation arrangement (4)
$14.6 $— $— $14.6 
Total liabilities$14.6 $— $— $14.6 
December 31, 2022
Assets:
Deferred compensation plan investments (4)
$1.1 $— $— $1.1 
Total assets$1.1 $— $— $1.1 
Liabilities:
Deferred compensation arrangement (4)
$12.5 $— $— $12.5 
Total liabilities$12.5 $— $— $12.5 
______________
(1) Quoted prices in active markets for identical assets.
(2) Quoted prices for similar assets and liabilities in active markets.
(3) Significant unobservable inputs.
(4) Consists of a deferred compensation arrangement, through which we hold various investment securities. Both the asset and liability are recorded at fair value, and are included within "Other assets" and "Other liabilities" on the condensed consolidated balance sheets, respectively. In addition to the investment securities, we also have company-owned life insurance ("COLI") related to the deferred compensation arrangement. COLI is recorded at cash surrender value and included in "Other assets" on the condensed consolidated balance sheets in the amount of $13.8 million and $13.3 million at March 31, 2023 and December 31, 2022, respectively.
Schedule of Debt Securities, Held-to-maturity, Credit Quality Indicator
The following table shows the total amortized cost of our HTM debt securities by credit rating, excluding the allowance for credit losses and cash. The primary factor in our expected credit loss calculation is the composite bond rating. As the rating decreases, the risk present in holding the bond is inherently increased, leading to an increase in expected credit losses.
HTM Debt Securities
In millionsAA+AAAA-AA-BBB+Total
March 31, 2023$13.4 — 10.4 13.2 14.1 20.4 $71.5 
December 31, 2022$13.4 — 10.5 13.2 14.1 20.4 $71.6