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Financial Instruments and Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value by Balance Sheet Location
The following table summarizes the fair value of the company’s foreign exchange forward contracts.
September 30, 2023December 31, 2022
Balance Sheet Location
Prepaid expenses and other current assets$0.5 $7.9 
Other accrued liabilities12.8 1.3 
Total fair value$(12.3)$6.6 
Schedule of Losses Recognized on Foreign Exchange Forward Contracts
The following table summarizes the location and amount of losses recognized on foreign exchange forward contracts.
Three Months Ended
September 30,
Nine Months Ended
September 30,
2023202220232022
Statement of Income Location
Other (expense), net$(14.8)$(33.1)$(4.6)$(73.3)
Schedule of Fair Values of Financial Instruments Not Measured at Fair Value in Consolidated Balance Sheets Such financial instruments are not included in the following table that provides information about the estimated fair values of other financial instruments that are not measured at fair value in the consolidated balance sheets as of September 30, 2023 and December 31, 2022.
September 30, 2023December 31, 2022
Carrying AmountFair ValueCarrying AmountFair Value
Long-term debt:
6.875% senior secured notes due November 1, 2027
$480.1 $363.7 $479.2 $373.0