Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2023

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
	March 31, 2023		December 31, 2022
Designated derivatives:
Cash flow hedges:
Foreign currency contracts	$	810.2	$	775.9
Interest rate lock contracts	650.0		650.0
Fair value hedges:
Interest rate swap contracts	600.0		600.0
Total designated derivatives	2,060.2		2,025.9
Non-designated derivatives	198.6		163.5
Total	$	2,258.8	$	2,189.4

Schedule of Derivative Assets at Fair Value

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

		As of
	Balance Sheet Classification	March 31, 2023		December 31, 2022
Derivative assets:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	1.2	$	0.7
Foreign currency contracts	Other long-term assets	0.7		0.5
Interest rate lock contracts	Other long-term assets	111.4		125.4
Total derivatives designated as hedging instruments		$	113.3	$	126.6
Derivatives not designated as hedging instruments	Other current assets	0.1		0.1
Total derivative assets		$	113.4	$	126.7
Derivative liabilities:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other accrued liabilities	$	22.5	$	32.3
Foreign currency contracts	Other long-term liabilities	3.8		5.1
Interest rate swap contracts	Other long-term liabilities	72.4		87.4
Total derivatives designated as hedging instruments		$	98.7	$	124.8
Derivatives not designated as hedging instruments	Other accrued liabilities	0.1		0.2
Total derivative liabilities		$	98.8	$	125.0

Schedule of Derivative Liabilities at Fair Value

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

		As of
	Balance Sheet Classification	March 31, 2023		December 31, 2022
Derivative assets:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	1.2	$	0.7
Foreign currency contracts	Other long-term assets	0.7		0.5
Interest rate lock contracts	Other long-term assets	111.4		125.4
Total derivatives designated as hedging instruments		$	113.3	$	126.6
Derivatives not designated as hedging instruments	Other current assets	0.1		0.1
Total derivative assets		$	113.4	$	126.7
Derivative liabilities:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other accrued liabilities	$	22.5	$	32.3
Foreign currency contracts	Other long-term liabilities	3.8		5.1
Interest rate swap contracts	Other long-term liabilities	72.4		87.4
Total derivatives designated as hedging instruments		$	98.7	$	124.8
Derivatives not designated as hedging instruments	Other accrued liabilities	0.1		0.2
Total derivative liabilities		$	98.8	$	125.0