XML 50 R39.htm IDEA: XBRL DOCUMENT v3.25.1
Fair Value of Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of 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 14) 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 below (in millions):
Level 2 Fair Value
March 31, 2025
Foreign currency forward contracts—asset position$1.8 
Foreign currency forward contracts—liability position(9.0)
Interest rate hedge agreements—asset position2.7 
Total$(4.5)
December 31, 2024
Foreign currency forward contracts—asset position$5.7 
Foreign currency forward contracts—liability position(1.0)
Interest rate hedge agreements—asset position7.8
Total$12.5 
Schedule of 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 below (in millions):
 March 31, 2025December 31, 2024
Measurement LevelCarrying
Value		Fair
Value		Carrying
Value		Fair 
Value
2025 Japan ABL Credit FacilityLevel 2$46.7 $46.7 $— $— 
2022 Japan ABL Credit FacilityLevel 2$— $— $25.4 $25.4 
2023 Term Loan BLevel 2$1,175.0 $1,167.7 $1,178.1 $1,175.2 
Convertible NotesLevel 2$258.3 $250.9 $258.3 $250.1 
Equipment NotesLevel 2$10.2 $9.4 $11.7 $10.7 
Mortgage LoansLevel 2$44.2 $51.1 $44.3 $53.0