Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The notional amount of the Company's derivative instruments is summarized as follows (in millions):

	As of December 31,
	2022		2021
Designated derivatives:
Cash flow hedges:
Foreign currency contracts	$	775.9	$	873.9
Interest rate lock contracts	650.0		650.0
Fair value hedges:
Interest rate swap contracts	600.0		600.0
Total designated derivatives	$	2,025.9	$	2,123.9
Non-designated derivatives	163.5		144.6
Total	$	2,189.4	$	2,268.5

Schedule of Derivative Liabilities at Fair Value

The fair value of derivative instruments on the Consolidated Balance Sheets was as follows:

		As of December 31,
	Balance Sheet Location	2022		2021
Derivative assets:
Derivatives designated as hedging instruments:
Foreign currency contracts as cash flow hedges	Other current assets	$	0.7	$	8.7
Foreign currency contracts as cash flow hedges	Other long-term assets	0.5		0.4
Interest rate lock contracts	Other long-term assets	125.4		45.0
Interest rate swap contracts	Other long-term assets	—		2.1
Total derivatives designated as hedging instruments		$	126.6	$	56.2
Derivatives not designated as hedging instruments	Other current assets	0.1		0.1
Total derivative assets		$	126.7	$	56.3
Derivative liabilities:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other accrued liabilities	$	32.3	$	14.8
Foreign currency contracts	Other long-term liabilities	5.1		9.1
Interest rate swap contracts	Other long-term liabilities	87.4		2.5
Total derivatives designated as hedging instruments		$	124.8	$	26.4
Derivatives not designated as hedging instruments	Other accrued liabilities	0.2		0.1
Total derivative liabilities		$	125.0	$	26.5

Schedule of Derivative Assets at Fair Value

The fair value of derivative instruments on the Consolidated Balance Sheets was as follows:

		As of December 31,
	Balance Sheet Location	2022		2021
Derivative assets:
Derivatives designated as hedging instruments:
Foreign currency contracts as cash flow hedges	Other current assets	$	0.7	$	8.7
Foreign currency contracts as cash flow hedges	Other long-term assets	0.5		0.4
Interest rate lock contracts	Other long-term assets	125.4		45.0
Interest rate swap contracts	Other long-term assets	—		2.1
Total derivatives designated as hedging instruments		$	126.6	$	56.2
Derivatives not designated as hedging instruments	Other current assets	0.1		0.1
Total derivative assets		$	126.7	$	56.3
Derivative liabilities:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other accrued liabilities	$	32.3	$	14.8
Foreign currency contracts	Other long-term liabilities	5.1		9.1
Interest rate swap contracts	Other long-term liabilities	87.4		2.5
Total derivatives designated as hedging instruments		$	124.8	$	26.4
Derivatives not designated as hedging instruments	Other accrued liabilities	0.2		0.1
Total derivative liabilities		$	125.0	$	26.5