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Derivatives and Hedging (Tables) | 9 Months Ended
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Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Fair Value of Derivative Instruments by Contract Type and Location of Asset and/or Liability on Consolidated Condensed Balance Sheets | The following table summarizes the fair value of our derivative instruments as well as the location of the asset and/or liability on the condensed consolidated balance sheets as of September 30, 2023 and consolidated balance sheets as of December 31, 2022 (in millions):
| Balance Sheet Location |  | Fair Value of Asset Derivatives
| September 30, 2023 |  | December 31, 2022
Derivatives designated as cash flow hedging instruments: |  |  |  |  |
Foreign currency forward contracts | Other current assets |  | $ | 2.7 |  |  | $ | 0.1 |
Interest rate swap contract | Other current assets |  | 7.7 |  |  | 4.4 |
Interest rate swap contract | Other assets |  | 8.5 |  |  | 2.8 |
Total |  |  | $ | 18.9 |  |  | $ | 7.3 |
Derivatives not designated as hedging instruments: |  |  |  |  |
Foreign currency forward contracts | Other current assets |  | 9.7 |  |  | 0.1 |
Total asset position |  | $ | 28.6 |  |  | $ | 7.4 |
| Balance Sheet Location |  | Fair Value of Liability Derivatives
| September 30, 2023 |  | December 31, 2022
Derivatives designated as cash flow hedging instruments: |  |  |  |  |
Foreign currency forward contracts | Accounts payable and accrued expenses |  | $ | — |  |  | $ | 2.6 |
Derivatives not designated as hedging instruments: |  |  |  |  |
Foreign currency forward contracts | Accounts payable and accrued expenses |  | 0.8 |  |  | 2.8 |
Total liability position |  | $ | 0.8 |  |  | $ | 5.4 |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) | The following tables summarize the net effect of all cash flow hedges for each of our derivative contracts on the condensed consolidated financial statements for the three and nine months ended September 30, 2023 and 2022 (in millions):
|  | Gain Recognized in Other Comprehensive Income
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Derivatives designated as cash flow hedging instruments |  | 2023 |  | 2022 |  | 2023 |  | 2022
Foreign currency forward contracts |  | $ | 1.8 |  |  | $ | 0.7 |  |  | $ | 8.9 |  |  | $ | 4.4 |
Interest rate swap contracts |  | 8.5 |  |  | 4.8 |  |  | 18.4 |  |  | 13.6 |
|  | $ | 10.3 |  |  | $ | 5.5 |  |  | $ | 27.3 |  |  | $ | 18.0 |
|  | Gain (Loss) Reclassified from Other Comprehensive Income into Earnings
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Derivatives designated as cash flow hedging instruments |  | 2023 |  | 2022 |  | 2023 |  | 2022
Foreign currency forward contracts |  | $ | 1.9 |  |  | $ | 1.3 |  |  | $ | 4.3 |  |  | $ | 2.8 |
Interest rate swap contracts |  | 2.7 |  |  | (0.2) |  |  | 5.5 |  |  | (2.2) |
|  | $ | 4.6 |  |  | $ | 1.1 |  |  | $ | 9.8 |  |  | $ | 0.6 |
Location of Gains in Consolidated Condensed Statements of Operations that were Recognized and Derivative Contract Type | The following table summarizes the location of net gains and losses for each type of our derivative contracts recognized in the condensed consolidated statements of operations during the three and nine months ended September 30, 2023 and 2022, respectively (in millions):
|  | Location of Net Gain Recognized in Income on Derivative Instruments |  | Amount of Net Gain Recognized in Income on Derivative Instruments
Derivatives not designated as hedging instruments |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Foreign currency forward contracts |  | Other income, net |  | $ | 10.9 |  |  | $ | 19.7 |  |  | $ | 29.0 |  |  | $ | 58.3 |

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