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Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Valuation of Foreign Currency Exchange Contracts by Pricing Levels

The following table summarizes the valuation of our foreign currency forward contracts and interest rate hedge agreements (see Note 15) that are measured at fair value on a recurring basis, and are classified within Level 2 of the fair value hierarchy as of the periods presented (in millions):

			Fair Value												Level 2
March 31, 2024
Foreign currency forward contracts—asset position			$	11.9											$	11.9
Foreign currency forward contracts—liability position			(0.5)												(0.5)
Interest rate hedge agreements—asset position			9.9												9.9
			$	21.3											$	21.3
December 31, 2023
Foreign currency forward contracts—asset position			$	0.2											$	0.2
Foreign currency forward contracts—liability position			(4.5)												(4.5)
Interest rate hedge agreements—asset position			5.2												5.2
Interest rate hedge agreements—liability position			(2.6)												(2.6)
			$	(1.7)											$	(1.7)

Fair Value Relating to Financial Assets and Liabilities

The table below presents information about the fair value of our financial assets and liabilities, and is provided for comparative purposes only relative to the carrying values recognized in the condensed consolidated balance sheets as of the periods presented (in millions):

									March 31, 2024												December 31, 2023
			Measurement Level						Carrying Value						Fair Value						Carrying Value						Fair  Value
2023 U.S. ABL Credit Facility			Level 2						$	25.8					$	25.8					$	26.3					$	26.3
2022 Japan ABL Credit Facility			Level 2						$	26.4					$	26.4					$	28.4					$	28.4
2023 Term Loan B			Level 2						$	1,237.5					$	1,245.2					$	1,240.6					$	1,242.2
Convertible Notes			Level 2						$	258.3					$	296.3					$	258.3					$	277.0
Equipment Notes			Level 2						$	17.1					$	15.4					$	19.2					$	17.0
Mortgage Loans			Level 2						$	45.2					$	57.1					$	45.4					$	54.8

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- Definition

Tabular disclosure of the carrying value and fair value of financial instruments.

+ References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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