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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables present the fair value of those assets and (liabilities) measured on a recurring basis as of December 31, 2023 and 2022, (in millions):

									Fair Value Measurements at
									December 31, 2023
			Consolidated Balance Sheet Location						Total						Quoted Prices in Active Markets (Level 1)						Significant Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Assets
Derivative financial instruments - interest rate swaps			Prepaid expenses and other assets						$	4.1					$	—					$	4.1					$	—
Liabilities
Derivative financial instruments - interest rate swaps			Accrued and other liabilities						$	(2.7)					$	—					$	(2.7)					$	—

									Fair Value Measurements at
									December 31, 2022
			Consolidated Balance Sheet Location						Total						Quoted Prices in Active Markets (Level 1)						Significant Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Assets
Derivative financial instruments - interest rate swaps			Prepaid expenses and other assets						$	5.5					$	—					$	5.5					$	—
Liabilities
Derivative financial instruments - interest rate swaps			Accrued and other liabilities						$	(2.8)					$	—					$	(2.8)					$	—

Schedule of Fair Value of the Impairment of Long-lived Assets Held

The following tables present quantitative information about the significant unobservable inputs used to determine the fair value of long-lived assets held and used and assets held for sale, net for the years ended December 31, 2023 and 2022, (in millions):

																		Level 3 Fair Value Measurements
						Total						Total Gains (Losses)						Valuation Technique/ Unobservable Inputs												Weighted Average Discount Rate
December 31, 2023
Assets held for sale, net1,2						$	14.2					$	(2.2)					Contract value												N/A
Total						$	14.2					$	(2.2)
December 31, 2022
Assets held for sale, net1,3						$	50.0					$	(89.8)					Indicative bids												N/A
Long-lived assets4						—						(5.0)						Discounted cash flows												16%
Total						$	50.0					$	(94.8)
1 Assets or liabilities are presented in Assets held for sale or Liabilities associated with assets held for sale, respectively, in the Consolidated Balance Sheets. Impairment loss related to the CRE improved property recognized in 2023 is presented in Impairment of Assets in the Consolidated Statements of Operations. Impairment loss related to the Grace Disposal Group recognized in 2022 is presented in Income (loss) from discontinued operations, net of income taxes in the Consolidated Statements of Operations.
2 Consists of assets held for sale related to the CRE improved property of $14.0 million, net of liabilities associated with assets held for sale of $0.1 million, and excludes estimated selling costs of $0.3 million.
3 Consists of assets held for sale related to the Grace Disposal Group of $126.8 million, net of liabilities associated with assets held for sale of $81.0 million, and excludes estimated selling costs of $4.2 million.
4 Included in Real estate property in the Consolidated Balance Sheets. Impairment loss is presented in Cost of Land Operations in the Consolidated Statements of Operations.

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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- References

No definition available.

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X

- 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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